Protecting your company from cyber threats might seem like a never-ending game of security whack-a-mole. As soon as you’ve addressed one issue, the other surfaces.
This may demoralise any organisation and lead people to assume that effective information security policies are impossible to achieve.
There is, however, a solution — it just takes a new way of thinking.
Organisations must stop focusing on defending against each specific threat and instead become capable of dealing with anything cybercriminals throw at them.
In the same context, Immersive Labs conducted research focusing on 300,000 simulations completed by security teams in 2,100 organisations worldwide, showing some interesting biases among security professionals. The study’s goal was to identify what they do to improve their cyber-security dangers so other organisations can learn how to enhance the security of their crucial assets.
Let’s dig deep into it.
Defence Market vs Offense Market
Business leaders spend a substantial amount of money on various tools (for example, network security equipment, artificial intelligence, and so on), totalling the $152.21 billion cybersecurity industry today. Information security specialists with extensive expertise are engaged on an annual basis, but data breaches still occur even in well-established organisations.
These systems are prone to assaults due to a lack of knowledge and flaws at the back end. Cybersecurity Ventures says cybercrime will cost companies $10.5 trillion worldwide each year by 2025, affecting brand reputation, consumer trust, regulatory compliance, and operations.
Being security-conscious is no longer sufficient, nor is relying just on prevention. Companies must become cyber-resilient, which means they must be capable of surviving attacks, continuing operations, and adopting new technologies in the face of increasing threats. This entails developing rules and procedures that balance safeguarding key assets, identifying compromises, and reacting to crises.
Building a Resilient Cybersecurity Culture
Cyber resilience can be achieved through ongoing upskilling within an organisation. Immersive Lab’s new Cyber Workforce Benchmark report focuses on the following points:
Metrics of Time
In cybersecurity, speed determines both the defender’s and the attacker’s success. It takes an individual cybercriminal around 9.5 hours to get unauthorised access to a target’s network. Every minute that a firm does not utilise to its advantage provides hackers with an opportunity to wreak more harm.
Businesses may need days, if not weeks, to detect security flaws, strange network activity, or hacking attempts. A typical organisation spends 197 days identifying and 69 days controlling a security breach.
The graph below displays the average number of days each sector took after a threat broke out to equip their cyber security teams with the necessary skills to defeat attackers.
Building resilient cybersecurity teams involve both technical and non-technical skills. There are several technical talents to master:
- Cloud safety
- Malware investigation
- Data examination
Self-learning and certifications are the most important things to have if you want to work in cybersecurity. The top three are as follows:
- IT accreditations
- Certifications in cyber security
Interestingly, we discovered that organisations could react quickly in certain circumstances. Skills related to Log4j ranked fourth in 2021.
The ability to ‘think about thinking’ is required to overcome natural prejudices and stay open to new ideas. There is an equal bias toward gaining skills against early phases of attack rather than later levels. Stopping the attack and ‘saving the day’ is likely to get praise. However, leaders must continue to work on growing team skills across the board to ensure the balance.
How can Immersive Labs help you in achieving cyber security resilience?
A traditional tabletop exercise is insufficient. It’s tough to pull the workforce together, the outcomes and opportunities for learning are restricted, and they’re frequently very unengaging.
Immersive Labs’ Crisis Simulator is geared toward leadership and incident response teams. It allows them to test their response during a crisis and provides board-level reporting, so they’re able to prove resilience.
The Crisis Simulator by Immersive Labs engages teams in fully dynamic situations based on real-world crises. Moreover, the Crisis Sim, delivered entirely via the browser, eliminates the organisational load of conventional table-topping and is more relevant for geographically scattered teams.
Businesses must link their ambitions with their risk tolerance to fully reap the benefits of their digital transformation. Companies will be unable to achieve the economic development and prosperity they want if the security risks associated with the rise of technology-enabled infrastructure and online applications are not correctly balanced with comprehensive cybersecurity policies and resilience plans.
For more information and guidance, book a demo now!