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Digital Risk Management

"Secure" Digitization - Is It Possible?


The rapid increase in the number of internet-connected devices and rise of the Internet of Things comes with great anticipation and sometimes fear from those in the security space. Newly connected devices lead to enhanced business processes and increased customer satisfaction in many cases, but also the increase in cyber risks.

Fitness trackers, smartphones, and "smart" cars among many other items make the list of IoT devices longer and longer every quarter. Internet-connected devices, as many of us, have learned especially in recent data-protection news, often times store, process, and transmit data ranging from consumer personally identifiable information (PII) to proprietary company data that can be sensitive, or infrastructure data that is used to make real-time decisions in an organization, city, or nation

The IoT ecosystem’s rapid growth and adoption brings a great deal of new security concerns to the table. Organizations are worried about their ability to have the necessary power and processing, the power to manage, update, and patch devices at scale, and the power to manage a diverse set of new applications and use cases across consumer and industrial sectors.

Many organizations believe they have the basics in place. They may very well have, at one point in time, but the basics are a moving target because of the ever-growing nature of digitization, which is evolving as threats and technology evolve. Given the common adoption of cloud for example - cloud security architecture and supporting controls should be a security basic that is easily implemented in an organization. Unfortunately even the most popular tools make it difficult to manage this. Thankfully, next-gen Integrated Risk Management solutions like CyberStrong makes it easy to standardize secure digitization best practices across your supply chain.

Organizations need to map potential risks to business units, and they need to think about the people and the process elements of their programs in particular that will support proper standardization. Do they have the right skill set amongst their team members to do the job? Are the business leaders and managers bought into why this is important moving forward? How will they measure the success of their program? Unfortunately, measuring risk and compliance can be difficult and subjective. CyberStrong takes the subjectivity out of it by implementing a scoring system based on a credible NIST-based rules engine.

Have you considered what needs to be implemented in your organization to implement secure digitization practices? Have you considered how these practices will affect your team, and how your team will manage risk within their digital process? What about considering how they will adapt to changing industry requirements as your business grows? Even their governance models for security are likely to be inadequate because they do not allow for the agility required for today’s environment. Breakthrough platforms like CyberStrong IRM solution are build to bring agility, measurement, and simplicity to the process of manage, reporting, and mitigating the growing risks in your digital landscape. With solutions like CyberStrong, you can implement the language of cyber (security) for the future of your business.

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