Ideally, businesses are supposed to spend 13.7% of their IT budget focusing on cyber-security, according to IBM. Most of this cash is spent investing in security tools and monitoring software, but is this enough? Sadly, a great cyber-security posture is more than simply picking the right tools to help you with automation.
Cyber-security should never be taken as an afterthought, and it should at least be a major discussion topic in most board and strategic management team meetings. While most business executives might distance themselves from the cyber-security aspect of the business, their attention is a determinant of the posture that their business will take.
Here is why c-suite executives need to care a lot about cyber-security and how to achieve it:
Bridge the Gap Between Strategic and Real-Life Situations
One thing that both IT teams and C-executives can agree on is that a business faces risks in the cyberspace. The difference comes in what both understand as the security risk. While the business executives see cyber-security from a strategic standpoint, this idea might not necessarily rhyme with the day-to-day risks that the business faces.
This means that they will not prioritize a threat that the IT team might find more pressing over the one that they consider alarming. With enough interaction with IT teams by studying the day-to-day business threat landscape, it can be clearer for them the type of threats that they need to eliminate first. Furthermore, eliminating this disconnect ensures that c-suite executives can add these risks in their strategic plans.
Disaster Recovery and Incidence Response Becomes Easy
Having a great cyber-security posture can be a selling point for your business. To achieve this posture, your business needs to be prepared for any arising threats through a well-outlined incident response plan. However, a great incidence response plan can only be built with the collaboration of the whole organization top-down.
While the employees will need to do the heavy lifting, executive leaders need to be at the forefront of the disaster recovery plans. When such leaders are involved in the table-top exercises, they can easily understand their role during such times of disaster.
Spreading Security Awareness
Employees are at the forefront of your cyber-security efforts. Sadly, the mistakes that they make – whether knowingly or unknowingly – can be quite costly at times. For instance, having an employee open a malicious email can be the start of a phishing attack against your business.
Among the best ways to mitigate this would be to spread security awareness among the staff members about the different cyber-security threats that the business faces. With enough support from the C-suite executives, such an initiative can be carried out effortlessly. Often, these leaders have to decide on the best time for training employees and provide the tools needed to increase the success rate of the awareness program.
C-Suite Executives Help Create Some Balance
There is no standard script for creating a great cyber-security posture – it takes the right mix of people, technology, and processes to get to this point. And IT consulting companies, such as WGroup can help you on the way. While you might have invested in state-of-the-art technology, it might not take you far if you lack the workforce to support it.
Additionally, the leaders need to assess the right processes needed to optimize the technology. As long as the executives find some balance between the three, it becomes easy to run cyber-security strategies effortlessly, and employees won’t have to ignore quality.
The good thing about most cyber-security threats is that they can be avoidable. It all boils down to the efforts that c-suite executives apply when battling the security issue. Furthermore, employees will be more inclined to support the set strategies as long as the leaders show enough commitment.