Integrating cybersecurity into business strategies
It is clear that with the advent of Forth Industrial Revolution (Industry 4.0), businesses are expected to move many of their operations into the cloud domain.
While the technology becomes more affordable and competitive, there is an urgent need for stronger cybersecurity.
Such urgency arises from the need to not only protect one’s data but also data that belongs to other parties, including clients with strong non-disclosure agreements.
The lack of cybersecurity systems within a business may become a liability should there be a data breach or leakage during the order of business.
It is therefore important that businesses understand the scope of cybersecurity measures that must be in place along the business growth cycle.
Technologies pertaining to cybersecurity are getting more advanced and affordable, and can cover basic requirements of businesses.
Advances in cybersecurity are driven not by internal innovation, but rather by the innovation from cyber attackers who pose threats to businesses.
Therefore, cybersecurity strategies are unique, in which the vigilance and discipline of protection must come through consistenly from the top management down to the operational floor.
To start, there are similarities that can be drawn in comparison to conventional security practices. It is common that employees are told to keep doors locked and appliances switched off at the end of the working day.
In the case of cybersecurity, the same overtness must be carried out. Businesses should start the deployment of cybersecurity with the basic issues, such as the installation of updated anti-virus and anti-malware systems (which often come bundled as complete packages these days), regular backup systems and basic safety practices to prevent attacks or information leaks through online communication channels.
As the business grows in data complexity, new technologies can be deployed, including advanced hardware authentication systems, intrusion detection and prevention systems, and advanced cloud-based crisis management systems.
As we speak, new cybersecurity concepts are being developed, seen through the application of artificial intelligence and machine learning, leading to new innovations such as cognitive security, a holistic system that automates many of the processes mentioned above, making it more timely, accurate and less dependent on human awareness.
Another interesting approach worth mentioning is data anonymisation, in which data is made “invisible” instead of requiring protection.
As we progress into the age of connected mobility, it is obvious that businesses should develop awareness within their organisations and deploy the necessary levels of implementation to secure their data from potential threats.
Moreover, the advantage of becoming the first movers in the region not only protects the interests of our businesses and the value chain we depend on, but also creates new opportunities in businesses and jobs that require skills in coding, programming, networking and other sectors.
In conclusion, the importance of integrating cybersecurity models into business strategies cannot be overstated.
The writer is the chief executive officer of Malaysia Automotive, Robotics and IoT Institute (MARii).