Cyber Security Management Trends

Answer

Cyber Security Management Trends

            Cybercrimes are continually becoming more damaging and frequent. This is facilitated by the fact that the world is persistently becoming more digitized which makes it easier for attackers to engage in more cyber threat activities. The purpose of this essay is to explore cyber security management trends which are to be considered to handle the common trends associated with cyber-attacks.

            The first trend to be considered includes the fact that risk appetite statements are continually becoming tied to business outcomes. As IT strategies increasing become aligned with the business goals, the capacity for risk management leaders to adequately outline security concerns to the primary decision makers is associated with increased level of importance. To prevent focusing on the matters which are exclusively associated with the IT-decision making process, it is effective to come up with a pragmatic risk appetite statement which is associated with business goals and considered relevant to the decisions made by the board (Weldon). Through this, business leaders will be discouraged from focusing on why questioning the presence of the security leaders at strategic meetings.

            The second trend includes having security operation centers being implemented with a major focus on detecting and responding to threats. Changes in security investments from the prevention to the detection of cyber-threats in security operations centers (SOCs) is necessary based on the fact that complexity and occurrence of the security alerts is frequently on the rise. Taking into consideration the report presented by Gartner, approximately 50% of the available SOCs will change into modern with stringent threat-hunting capacities alongside threat intelligence and integrated incident response by the end of 2022 (Weldon). Coming up with SOCs with the outlined capabilities consolidates and automates a response process which cannot be overstated.

            The third trend includes having data security investments prioritized by use of data security governance frameworks. Notably, data security is regarded as a complex issue which is not easily resolved without having proper knowledge of the data itself. Additionally, data security cannot be ensured if the context in which the data is established and put to use is not clear, or how the data is regulated. Other than acquiring data protection measures and crafting them to meet the needs of the business, the use of data security governance framework (DSGF) is continually being adopted by the leading firms to offer security. Notably, DSGF offers a data-centric blue-print which has the ability to identify and classify data assets and further provides a definition of the data security policies (Weldon). Further, this is implemented to identify technologies which can limit the risks associated with the threats. Arguably, the fundamental point to be observed when handling data security is to consider the data security risk being addressed before acquiring technology before having the knowledge about the existing risk.

            The fourth trend includes the fact that a password-less means of authentication is continually gaining a real market traction. This includes the use of techniques such as the Touch ID technology which is common over different IT technologies such as smartphone applications. With an aim of combating hackers who target passwords with an aim of assessing the applications available on the cloud, the use of password-less techniques which associate the users with their devices facilitate an increased usability and security (Weldon).

            Conclusively, the governance frameworks, risk appetite statements and password-less authentication technology are some of the growing trends in the cyber-security risk management field. The outlined emerging trends are likely to influence the privacy, security and risk affecting IT technology. With the existing external factors and threats which are security specific, influencing the general risk landscape is important. As a result, supporting the outlined trends will be effective in improving resilience alongside supporting the objectives of the business.