The internet has become the backbone of global e-commerce and has created expectations for access to information anywhere, anytime, anyhow. And now, with the advent of the “Internet of Things,” information technology will become even more intertwined with our personal and professional lives. But the internet was never designed to support a global economy. It has grown as an “experiment” that tests the limits of what can be achieved through information technology. And while the achievements have been remarkable, they come with costly and potentially catastrophic risks having fostered insidious, cyber criminals incentivized by free-enterprise black markets, state-sponsored espionage and emotionally charged hacktivism.
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The reality is, your business has no choice but to operate in this Digital Frontier. There is no turning back. Threats proliferate at alarming rates. Sophisticated attack tools quickly disseminate to anyone with a computer and internet connection. Easily securable endpoints have vanished into the Cloud, mobile devices and a digital supply chain. Even deployed security technologies create new vulnerabilities as a result of fragmented solutions and poor integration. The bottom line: traditional security is no longer sufficient to ensure success! In the Digital Frontier, Resilience must be the goal!
So what does all this mean for businesses today, and are there attainable solutions that will enable businesses to thrive in this Digital Frontier? How is the legal landscape changing, and what protections are provided by the NIST Cybersecurity Framework? This whitepaper focuses on the three Key Risk Indicators of cyber risk that are the focus of effective cyber risk management programs: Business Impact Value, Cyber Threat Level and Cybersecurity Level. When viewed together, these three KRIs create a cyber risk profile that enables business leaders to determine when they have enough cybersecurity to be successful in the Digital Frontier!