In the digital world technology demands to continue to grow

Praveen Patil Kulkarni, Country Manager - Security Risk & Governance, Micro Focus

 Impact of cyber-attacks on the critical infrastructure of companies

In today’s digital-first world, a single click on a harmless link in the email box can lead to severe repercussions, loss of revenue, reputation, and trust and have aftereffects on the economy. According to a Forrester report, Australia, India, and Japan are the most cyber-attacked nations in Asia overtaking North America and Europe. The increase in IoT use cases, reliance on networked devices, and distributed computation systems have led to a rise in critical infrastructure attacks. With digital acceleration, threats are also evolving, becoming more intelligent on various ways to attack the infrastructure. Hence, proactive mitigation and constant vigilance of any potential data threats is critical to secure the organization’s assets and data. To defend businesses from such attacks, IT teams need to implement AI techniques such as insider threat analyzing for subtle attacks in progress. Security AI that can analyse big data, detect slight behavioral changes, and trace the device/s being infiltrated is critical for cyber resilience.

Managing critical events and emergency incidents

As organizations continue to expand their environment the need for zero-trust architecture increases. The high layer of protection transforms identity verification into a model where no user accessing data is trusted. It ensures that the right level of access is provided to the identity without posing any threat to the data and applications and limits the lateral movement of users and processes across zones throughout the network. NetIQ Identity Governance by Micro Focus offers efficient integration of processes that keep access permission current to secure the environment. It automates the identity and permission lifecycle, and administration which enables security teams to know which users have the permission to access the protected information and remediate access risks across the environment. NetIQ Privileged Account Manager takes security to the next level by providing a variety of controls targeted specifically at securing access to the systems along with providing regular audits by monitoring privileged user activity.

On the Increase of cyberattacks

Work from anywhere is here to stay. According to Fitch Ratings, cyberattacks on businesses and government organizations have increased due to global instability along with the risk of spill over cyberattacks against non-primary targets becoming much more widespread. Hence, enterprises should be hawkeyed, aware of all activities and especially from that of third parties. SoCs need to focus on taking actions beyond recovering post attacks like harnessing technology to mitigate IT risks, implementing DevSecOps, or building mission-critical applications with scale-out architecture. A mature security team already has technology in place to anticipate and predict the next potential threat and proactively alleviate the same. As we move forward in the digital world, technology demands will continue growing, requiring businesses to equip themselves with tools for threat monitoring, supply chain mapping, infrastructure protection, real-time risk intelligence, and business continuity management.