Join industry experts Martin Simpson, Shakeel Ahmed, Rob Cooke, and Ian Thornton-Trump as they discuss topics such as the impact of climate change on organizational resilience, testing controls in cyber resilience, concentration risk with cloud service providers, measuring cyber resilience, and building an effective security team and trust within the organization.
Establishing a habit of testing controls and engaging with third-party suppliers can enhance cyber resilience.
To mitigate concentration risks in the cloud service provider landscape, organizations should engage with providers, explore alternatives, and maintain a balance between cloud and on-premises infrastructure.
Deep dives
Enhancing Cyber Resilience
One key strategy to enhance cyber resilience is to establish a habit of testing the controls in place. This testing helps identify deficiencies and areas for improvement. Engaging with third-party suppliers and involving them in exercises and scenarios can also contribute to enhancing cyber resilience. By understanding the limitations and risks associated with third parties, organizations can better manage concentration risks. Additionally, translating security metrics into business metrics and aligning them with the organization's risk appetite can provide meaningful insights. It is crucial to have a customer service focus, building trust and strong relationships across the business. Finally, incorporating risk management, governance, and strategies outlined in regulatory frameworks like DORA can further strengthen cyber resilience.
Managing Concentration Risks
As more companies rely on cloud services, there is a concentration risk associated with a limited number of major cloud providers. While these providers offer strong security, there is a potential for cyber attacks to impact multiple organizations. To mitigate this risk, organizations should engage these providers, understand their limitations, and have backup plans in case of provider failure. Exploring alternative solutions and maintaining a balance between cloud and on-premises infrastructure can help manage concentration risks effectively. Regulatory bodies are also addressing this concern and working towards guidelines to reduce concentration risks in the cloud service provider landscape.
Metrics and Measuring Cyber Resilience
To measure cyber resilience, it is important to align security metrics with business metrics. Understanding the impact tolerances of important business services and mapping them to recovery time objectives (RTOs) and recovery point objectives (RPOs) can provide valuable insights. Testing and validating the effectiveness of controls through tabletop exercises and scenarios play a crucial role in measuring cyber resilience and identifying areas for improvement. Additionally, tracking indicators such as failed cyber attacks and the ability to contain and recover from incidents can demonstrate resilience. Metrics should be forward-looking, actionable, and aligned with the organization's risk appetite, with trigger points in place to prompt action when necessary.
Best Practices for Cyber Resilience
Best practices for enhancing cyber resilience include building strong relationships with third-party suppliers and involving them in exercises and testing. Engaging with these suppliers can help identify weaknesses and allocate responsibilities effectively. Focusing on relationship-building, providing excellent customer service, and collaborating with other departments within the organization can strengthen cyber resilience. Regulatory frameworks like DORA can provide valuable guidance for risk management and governance. Lastly, emphasizing trust, proactive testing, and maintaining a robust governance framework are key elements of best practices for cyber resilience.
In this episode of Evo Cyber Security, host Rob Wall dives deep into the world of Cyber Resilience in the the ever-evolving Digital Landscape. Joining him are experts in the field, including Martin Simpson, Principal at Three Two Four Consultancy; Shakeel Ahmed, CISO Advisory at Knauf IT; Rob Cooke, Operational Resiliency Specialist; and Ian Thornton-Trump, Chief Information Security Officer at Cyjax. Explore strategies to bolster your cyber defenses and stay resilient in an increasingly digital world. Don't miss this insightful discussion with industry leaders.
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