Page 82 - Cyber Defense eMagazine April 2021 Edition

P. 82

igital organizations are here to stay, as increasingly it is
Dimperative to have digitization, driven by cloud first mindset, at the core of
every business operation. The vision of a digital enterprise
cannot be realized without securing each byte of data inside every
database or billions of IOT devices that sprawl the connected world, which is
rapidly adopting hybrid-cloud and multi-cloud as the inevitable
foundation of IT. The recent pandemic has led to an acceleration of this
need to digitize and automate business processes. We are experiencing a
radical transition in enterprise behavior that aims to thrive in a distributed
ecosystem by designing any application and any database in a
compute neutral and cloud neutral fashion. However, this has led to a
considerable increase in the risk of cyber-attacks. Moving to the
secular cloud, implementing new technologies like connected edge
cloud, etc. has led to almost an end to secure networks and central
monitoring of security risks. Currently, most of the larger global firms are
encouraging their teams to continue working from home remotely. This
factor adds to the overall risk posture. As organizations become readily
dependent upon internet-enabled business models, they are more
vulnerable and prone to a wide array of cyber-attacks and business disrupting
challenges.

We have recently witnessed a huge security threat when the
malware called Emotet broke out across. It has been termed as one of
the most dangerous malwares, ransomware attacks in recent times. The
effort taken to control it involved various government agencies working
together to bring it under control. According to experts, in 2221
and beyond cybercriminals will unleash the fifth-generation
cyber-attacks, while 97% of the world can protect itself only from second and
third-generation attacks. And reports suggest that cybercrime may
now cost the world almost $600 billion, or 0.8% of global GDP. These
sophisticated attacks might give a negative impact on the digital
economy and make them more unstable on each successful attack.

Cybercriminals are now more sophisticated and targeted; hence it is
now critical to adapt to the best security strategies and practices to
reduce the impact on business
.

Here are some tips for enterprises to combat the cyber-attacks: -

1. Choose Agile IT and redesign to adopt a secular cloud

Agile IT means bringing agility to your IT infrastructure and operations by
transforming infrastructure across edge, core or public cloud and security from a
reactive, ‘ticket driven’ approach to a proactive approach incorporating predictive
threat-hunting, threat intelligence, security for APIs, etc. Build a secular
multi-cloud operating model that combines cloud-based digital technologies and
agile operational capabilities in an integrated and sequential manner. Build a
cloud-native security model enhanced with DevOps.

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