corporate cyber security
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A Guide to Executive Cyber Security Protection Business
A guide to executive cyber security protection,Author: Phil Muncaster,by global CEOs according to a 2021 KPMG survey. Yet many executives may not realize just how close to home this threat is as awareness of the risks of cyber attacks may not translate into increased resources or cyber hygiene. Executive cyber security protection needs to balance the unique risk profile and elite working practices of the C-suite, particularly around . Cyber security for executives should be specifically tailored to help protect them, with aims to create a more engaged and cyber-aware C-suite. Security breaches and the impact to the organization,According to the , 82% of breaches involved the human element, including social attacks, errors and misuse. The ultimate goal of security programs is to reduce business risk, minimize financial and reputational damage, and enhance competitive advantage. What C-level executive wouldn't want those things?,However, half (49%) of C-level executives reported that they've over the past year. Another study claims that 38% of business decision-makers . This attitude may partly explain why so many executives themselves represent a growing risk to the organization. Why are executives targeted?What are the top threats executives face?,C-suite executives are therefore very much in the crosshairs of threat actors, making executive cyber security protection essential. Major threats include:,Business email compromise (BEC),Also known as whaling or CEO fraud, these fraud schemes target the C-suite. Hackers typically hijack an executive's email account through a phishing attack and then send an email to a member of the finance team requesting an urgent wire transfer of funds. There are various versions of these attacks, but they all rely on social engineering and leveraging the executive's authority to persuade the recipient to act without thinking. in 2021. Phishing,According to the , about two-thirds or 66% of breaches involved phishing, stolen credentials and/or ransomware. More traditional phishing emails are also a threat, particularly as executives work in a fast-paced, decision driven environment, which can lead to overlooking spelling errors, unusual sender domains and other telltale signs of impersonation fraud. In fact, personal assistants may actually be the ones who check inboxes and reply to emails. Unsurprisingly, C-suite executives' credentials are highly sought after, potentially unlocking the door to sensitive legal, financial and other corporate information. This information could be held to ransom, sold to competitors or even used to commit securities fraud. claims senior executives' and board members' . Deepfake fraud,Convincing artificial intelligence-powered fakes imitating audio or video could also be used to trick time-poor executives into making bad decisions. One case saw a to scammers after they impersonated his boss's voice over the phone. Exploitation of vulnerable devices/software/networks,High stress levels, little downtime and/or a general apathy to best practices when it comes to cyber security for executives may also mean that executives don't keep their personal technology systems patched and secure. This could leave them exposed to vulnerability exploitation through phishing or other vectors. Last year, ransomware group to steal sensitive data. Alternatively, hackers could target family members. Third-party cyber security risk?,It's not always the executives themselves that are to blame. Security vendor BlackCloak identifies a potentially unmanaged , who can become unwitting allies to cyber criminals. It brands data broker websites akin to Walmart for hackers, posing challenges to executive cyber security protection. The reveals that:,While the threat is certainly greatest from the cyber crime community, intrusions from state-backed actors can't be ruled out, especially if targeted companies are deemed strategically important to governments. The threat from nation states has arguably increased since the start of Russia's war in Ukraine. The U.S. Cybersecurity and Infrastructure Security Agency (CISA) is . Why do you need executive cyber security protection?,Targeting a C-suite leader may get hackers where they need to go faster, but ultimately the impact will be similar to any serious security breach and should reinforce the need for enhanced cyber security for executives. According to Dark Reading, "the , based on a survey of executives and security professionals at 550 companies, says the average cost of a data breach continued to rise in 2022, reaching an average of $4.4 million globally (up 13% since 2020) and $9.4 million in the United States.",Some or all of the following may apply following a security breach:,Many C-suite executives have stepped down or were fired following serious incidents. And it's not always only the cyber security executive in charge who goes. For example, in 2017, Equifax's after a data breach that exposed the Social Security numbers of approximately 143 million people. A few months later the . And it's not only breaches that precipitate job losses. The CEO of Austrian aerospace manufacturer FACC was that occurred on his watch. What should cyber security for executives look like?,Organizations can enhance their executive cyber security protection on several fronts by:," believes that BAS gives enterprises a robust set of features and functionality that not only help validate the effectiveness of the security controls put in place but also enable a more proactive approach to cyber defense by utilizing automation. This has become a common theme in security services, where the goal of becoming cyber resilient is predicated on the ability to continuously monitor the environment for threats in a proactive way and accelerate the time to remediate issues in order to minimize the impact to the business. Subsequently, we believe that BAS will become an important component of an enterprise's cyber defense strategy.",Executive cyber security protection is only one part of the , but an important one. By creating a culture that arms the C-suite with an understanding of the latest security risks and proactive measures, you can enhance cyber security for executives and help to drive a more coherent long-term security strategy. Because after all, cyber risk is business risk. Verizon can help you understand how your organization stacks up against threats. . IDC, April, 2021. If you'd like to receive new articles, solutions briefs, whitepapers and more—just let us know. . * Indicates a required field. We will follow up from your contact request using the information provided. Choose your country to view contact details. Manage your account or get tools and information. These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. 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Learn moreHow Simplifying Security Solutions Can Optimize Cyber Risk Management Business
How simplifying security solutions can help optimize cyber risk management,Author: Phil Muncaster,Since the cyber security sector first emerged, network defenders have been locked in a perpetual arms race with their adversaries. This translates into a continuous quest for more security solutions. But more doesn't necessarily mean better. In fact, it can mean more suppliers, more connections, more security solutions to manage and potentially more gaps for threats to hide in. According to PwC, . If left unchecked, this could have disastrous consequences for your organization. The focus should instead be on simplifying security solutions through cloud platforms, vendor consolidation and managed services. Why IT environments are becoming more complex,Aside from a new breed of cloud-native startups, most organizations are built on IT foundations that may be decades old. Layer upon layer of new solutions, systems and services have been added to this legacy technology. The past two years in particular saw an explosion in digital investment, including:,All of these factors have combined to continually expand the corporate cyber attack surface over recent years. One recent estimate claims the average security team is today, including cloud workloads, devices, network assets, applications and data assets. At the same time, threat actors continue probing, hoping to find new ways to compromise these networks and assets. Nation state and cyber crime , driving up cyber risk for organizations and democratizing sophisticated attack tools and techniques to a much larger set of actors. Ransomware affiliate groups, for example, regularly use multistage advanced persistent threat attacks. They might circumvent perimeter security with breached or brute-forced passwords and then move laterally without setting off alarms by using legitimate tools like Cobalt Strike. Automation is heavily used in tactics like , scanning for exposed cloud systems and even mapping attack pathways. Why simplification matters,Too often, unengaged board leaders react to these challenges by investing in additional point solutions. This creates a surfeit of siloed security solutions that are often left under-used. It means more user interfaces for security teams to manage and maintain, and more coverage gaps that threat actors can exploit. The administrative overhead is particularly acute in the context of , which number over 2.7 million professionals globally. This tool bloat can overwhelm security operations (SecOps) analysts tasked with critical threat detection and response. Organizations run an average of , with that number rising to almost 46 for companies with over 10,000 employees. Yet threat responders often have no way to prioritize the alerts pumped out by such tools, drowning them in noise. One study found that 51% of by the volume of alerts they have to manage. The benefits of simplifying security solutions,Security solution simplification matters. By reducing the number of vendors and products your teams have to manage, the organization can benefit from:,How to simplify security,There's no single, definitive path to more streamlined security, but a good rule of thumb is to look for platform-based approaches, cloud-deployed solutions and comprehensive cyber risk monitoring offerings. These could include:,No one can overstate the importance of cyber security. But by reducing complexity can your organization optimize its existing resources and drive truly effective and continuous risk management. Learn more about how Verizon can . GartnerPress Release, April 19, 2022. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. IDC, Worldwide Semiannual Internet of Things Spending Guide, June, 2021. If you'd like to receive new articles, solutions briefs, whitepapers and more—just let us know. . * Indicates a required field. We will follow up from your contact request using the information provided. Choose your country to view contact details. Manage your account or get tools and information. These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. We use both third party and first party cookies for this purpose. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly. These cookies may be set through our site by Verizon and third parties. They are used to present Verizon advertising on third party sites that you may visit. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising from Verizon. BackClear Filters,All Consent Allowed
Learn moreBoost Enterprise Mobile Device Security with Corporate-Liable Device Model Business
Boost enterprise mobile device security with a corporate-liable device model,Author: Shane Schick,As consumers, most of us now use mobile devices for everyday tasks such as shopping and even banking—so why not simply add some business apps for professional purposes? Often referred to as bring your own device (BYOD), these BYOD programs can be perceived as an attractive solution given how many . Determining the right approach has often come down to two choices: issuing staff corporate-liable devices or allowing staff to bring their own devices to work. Companies have to balance the need to drive productivity and a positive employee experience with enterprise . When mobile devices are compromised, the consequences can be severe. To businesses, BYOD might also seem like a way to save some up-front costs on purchasing devices, but there are vulnerabilities to consider. BYOD: Hidden costs and corporate mobile security risks,In a , market research firm Frost & Sullivan said BYOD programs could lead to a range of enterprise mobile device security risks. This includes failure to keep up with security patches or use effective device protection, such as strong passwords and biometric authentication. These programs may also assume that employees know all the other guidelines for managing and securing mobile devices in the enterprise, but that isn't always the case. The fallout from these risks could be significant. Verizon's 2021 found that the cost of all breaches can reach into the millions, and breached companies underperformed in the stock market by approximately 5%. Corporate-liable devices: What it means and key benefits,Contrast the BYOD approach with corporate-liable device programs, which go far beyond having employers hand team members a smartphone. In support of enterprise mobile device security, corporate-liable devices can allow the IT department to configure devices based on business requirements, enroll them in (MDM) platforms and safeguard apps and data with security technologies and enterprise-grade policies. This means when devices get lost or are stolen, keeping customer, company or employee data out of the wrong hands can often be handled remotely by the IT department. Beyond service and support, a corporate-liable device can be more easily integrated with back-end systems and apps that ensure they perform as expected. This helps to boost productivity and minimizes the need for employees to ask IT for help. Having a more hands-on role in managing corporate-liable devices also allows IT to ensure employees are kept on the latest versions of the apps they need. In addition, IT can provide business continuity by backing up devices in the event they break down. Finally, corporate-liable devices can make it easier to comply with industry regulations such as . Guidelines for managing and securing mobile devices in the enterprise,Even if companies do not opt for , they should still follow for managing and securing mobile devices in the enterprise. This includes using an MDM platform, endpoint protection, managed detection and response solutions, and ongoing security awareness training to ensure employees recognize common cyber threats. IT departments can also bolster enterprise mobile device security by implementing two-factor authentication, separating work and personal content by utilizing and blocklisting apps and by keeping their policies current. Do you need assurance your organization is staying on top of the latest guidelines for managing and securing mobile devices in the enterprise? Learn how the right partner can help build security directly into your enterprise device plans and can help meet all your . If you'd like to receive new articles, solutions briefs, whitepapers and more—just let us know. . * Indicates a required field. We will follow up from your contact request using the information provided. Choose your country to view contact details. Manage your account or get tools and information. These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. We use both third party and first party cookies for this purpose. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly. These cookies may be set through our site by Verizon and third parties. They are used to present Verizon advertising on third party sites that you may visit. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising from Verizon. BackClear Filters,All Consent Allowed
Learn moreQuestions related to "corporate cyber security"
Press related to "corporate cyber security"
Fujifilm Group deploys Verizon Business Group’s Advanced Security Operations Center
Verizon Business is supporting Japan’s FUJIFILM Holdings and its subsidiaries strengthen its global cybersecurity monitoring and cyber intelligence capabilities.
2022 Verizon Business Payment Security Report: Preparing to navigate PCI DSS v4.0
The 2022 PSR includes a step-by-step, logical systems approach to managing complex security problems in advance of the PCI DSS v4.0 2024 deadline.
Verizon Business introduces BlueJeans Meetings for corporate learning and training
BlueJeans Meetings for Corporate Learning and Training empowers online instructors to create an effective learning environment, bringing users, content, and training resources into one platform.
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Case Studies related to "corporate cyber security"
Verizon SOC boosts Fujifilm cybersecurity capabilities
Learn how Verizon Security Operations Centres enables Fujifilm to boost its surveillance & set the foundation for secure digital transformation.
Remote Internet Access Solutions Case Study Business
Read customer success stories on remote internet solutions from Verizon. Discover how Verizon has helped facilitate projects using remote internet access.
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