Page 182 - Cyber Defense eMagazine Special RSA Conference Annual Edition for 2022

The Infosecurity Group Advisory Council comprising industry leaders at the cutting edge of cybersecurity
solution highlight many varying factors contributing to this broad and growing challenge.

Unsurprisingly, ransomware was pinpointed as an area of particular concern. While individuals, criminal
groups and nation states will continue to favour ‘tried and tested’ approaches, they are expected to
employ these in novel ways to generate revenue from attacks.

Indeed, more sophisticated attacks leveraging new methodologies are becoming more commonplace,
and supply chain attacks have emerged as a prime example. Businesses now need to realise that their
security relies on a web of third-party suppliers, and that they’re only as strong as the weakest link.

At the same time, the council affirmed that information security investment is, generally, still not
sufficiently prioritised within businesses or government.

Greater collaboration is critical

The point is that there are a multitude of evolving threats, and attitudes and mindsets simply must change
in order to keep up.

Cybercriminal networks today are expanding, evolving, advancing and working together to target victims
more successfully than ever before. Ransomware-as-a-service, for example, is dramatically lowering the
barriers-to-entry for attackers, with savvy cybercriminals actively supporting the threat ambitions of less
technically abled perpetrators at scale.

To even stand a chance in the fight taking place amid this increasingly complicated landscape,
cybersecurity professionals must equally collaborate by sharing knowledge and experiences to support
each other in identifying vulnerabilities and developing stronger security strategies.

Promisingly, there is agreement within our community that greater cooperation will help.

According to an Infosecurity Europe Twitter poll conducted in January 2022, 45% of the 2,543
respondents pointed to advanced threat detection is the cybersecurity challenge that would benefit most
from increased industry collaboration. This was followed by social engineering threats (22%), incident
response planning (18%), and governance, risk and compliance (15%).

With a clear appreciation that greater collaboration within cybersecurity will bring major advantages, it’s
vital that we act as a united industry to overcome any barriers that might be stifling this. I believe we must
work together to build an environment of trust and transparency where we can exchange knowledge,
resources and ideas to combat security threats while protecting commercial sensitivities.

Events as pillars of security progress

It is for this reason that we chose Stronger Together as the theme for Infosecurity Europe 2022 – to try
to encourage greater collaboration between businesses, law enforcement and government.

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