Cyber Risk and Security Effectiveness in the Digital Age

As companies increasingly move to the cloud and IoT devices are used with greater frequency in the enterprise, adversaries now have more opportunities to target an attack.

February 25, 2020
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Digital transformation has changed how we live, work and play, and for leading companies, this transformation has enabled them to realize many business benefits, from bolstering efficiencies and improving employee engagement to strengthening the customer-brand relationship. Yet, as companies increasingly move to the cloud and IoT devices are used with greater frequency in the enterprise, adversaries now have more opportunities to target an attack. However, as discussed in An Executive Summary: Addressing Cyber Risk and Security Effectiveness in the Digital Age, too often, organizations choose to prioritize growth and cost efficiencies over security. And that means they are leaving their valuable digital assets unprotected.

The simple truth is that good cyber governance is a “must have” and that means companies need to have tools that can measure and validate security effectiveness to help pinpoint the associated risks of digital transformation. And to underscore the critical importance of understanding and improving a company’s security effectiveness, we will be releasing our newest 2020 Security Effectiveness Report, A Deep Dive Into Cyber Reality.

In the report, we uncovered some starting revelations. For instance, did you know that a large number of companies believe their security investments are delivering expected value by protecting critical assets, but the reality is that they have already experienced a breach without knowing? And did you know that on average, 80% of tools are misconfigured, leaving them underutilized at default settings?

As IT environments become increasingly complex and companies migrate systems and operations to the cloud, organizations must prove that their security investments are working the way they’re supposed to. That means security teams need to continuously monitor and measure if the tools are working, understand if they have unnecessary overlaps in security infrastructure, and know where those gaps are. Bottom line is that security teams need empiric evidence of how effective a company’s security controls are at protecting them against an attack. And with this type of evidence, there can be better alignment between CISOs and other C-level executives so that companies can quantify cyber risk just like any other systematic business risk.

Interested in learning how you can validate your controls against current and actual attacks? Download An Executive Summary: Addressing Cyber Risk and Security Effectiveness in the Digital Age and reserve an advanced copy of our 2020 Security Effectiveness Report.

Attending RSA 2020? Come visit us at Booth N6069 at the Moscone Center and learn how the Verodin Security Instrumentation Platform (SIP) can help your organization validate cybersecurity effectiveness with empiric evidence. We have a number of events planned that you can read about in our blog.

While at RSA 2020, you can also meet one-on-one with our security experts and choose your preferred time via our Calendly RSA scheduler.

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