With high profile cyberattacks such as WannaCry and the Sony hack grabbing headlines globally, everyone is aware of the increasing risk of cyberattacks. As such, businesses across the globe have decided to dedicate more resources to their cybersecurity budget. In fact, Bloomberg reports that US financial firms have plans to further increase cybersecurity spending in 2019.
Although everyone acknowledges its presence, we tend to have varying opinions on the importance of cybersecurity. In addition, we also struggle to answer questions such as:
- How should we spend on cybersecurity?
- What should we do when a hacker gets in?
- How effective is our spending strategy?
- How much is enough?
In this series, we aim to address the above questions by presenting different perspectives of viewing cybersecurity. Each perspective sets out to solve a different part of the overarching question and can provide relevant insights on how to solve the problem, where another may struggle.
Each entry in this series will be a short post that will introduce each perspective, briefly discuss its application through an example scenario and some suggested spending strategies. We will introduce three perspectives in this series:
- Preventive – Stopping attackers from getting in
- Mitigative – What you can do if an attacker has gotten in
- Risk & Investment – Framing cybersecurity in the bigger picture
As each post is published, we will update the above with links directly to it. Stay tuned!