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What is Cybersecurity?

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Overview

Cybersecurity is the application of tools, technologies, policies, processes, controls, and procedures in the protection or recovery of networks, devices, systems and applications from digital attacks. The digital attacks are aimed at accessing, destroying and altering sensitive data, disrupting workflows and extorting money.

Cyber criminals deploy a broad range of attack types against organizations and individuals in order to compromise data confidentiality, integrity and availability.

  • Attacks on confidentiality are designed to steal sensitive information such as PII.
  • Attacks on integrity are meant to sabotage operations and inflict reputational damage.
  • Attacks on availability aim to prevent users from accessing data.

At the individual level, an attack could be the precursor for identity theft, extortion and the loss of irreplaceable data such as family photos. At the organization level, a cyberattack could result in data loss, disruption to operations, ransom demands, industrial espionage, regulator censure and loss of reputation.

An integrated, automated approach to cybersecurity and cyber resilience results accelerates the detection, remediation and investigation of cyber threats.

Cybersecurity assessment

This assessment is designed to help you identify gaps in your cybersecurity posture so you can understand how to prioritize them for your business. Once you complete the assessment, you’ll be able to view a full report that includes your score by assessment area, how it compares to the Global Average (and by industry), and strategies to bolster your cyber resilience.

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Cybersecurity

Why Is Cybersecurity important?

Why do we need cybersecurity? The importance of cybersecurity is primarily driven by the following factors.

Increasingly sophisticated attacks

Attacks are growing in sophistication. Distributed Denial of Service (DDoS), ransomware, advanced persistent threats and state-sponsored hacking have all made the threat landscape more dangerous.

Widely available hacking tools

You no longer need to be an uber geek with years of programming experience to pull off a debilitating cyber attack. The tools and tactics are available online for free. Your cyber attacker today could very well be someone with limited digital skills.

Compliance

Regulations such as the General Data Protection Regulation (GDPR) require organizations to deploy security measures to protect sensitive information. Failure to comply could lead to substantial fines and legal action.

Rising cost of breaches

Fines and lost business are just one aspect of the rising financial cost of security breaches. There are also expenses associated with containing the impact, disaster recovery, closing loopholes, acquiring new security systems and repairing the organization’s reputation.

Strategic, board-level concern

A 2019 study of the top 10 risks facing businesses ranked cyber incidents as number one. This is further compounded by the string of new regulations that task boards and senior management with driving cyber risk management.

Cyber crime is big business

Cyberattacks can have social, ethical, or political motives. Nevertheless, the vast majority are driven by financial intentions. Cybercrime is a multibillion-dollar industry.

What are the challenges of Cybersecurity?

The Internet of Things (IoT)

The Internet is no longer a network of just routers, switches, servers, computers and printers. It is rapidly giving way to the IoT. Numerous electronic and electric devices are internet-enabled including refrigerators, televisions, cameras, motor vehicles, washing machines and light bulbs.

While the IoT has created innumerable opportunities for connectedness, it has also introduced gaps of unprecedented scale and number. There are far more potential entry points for attack. Cyber criminals can take over thousands of these devices to unleash a DDoS attack.

Rapidly evolving risks

Information technology is arguably the fastest evolving industry in the world. Technology that was state-of-the-art five years ago could be teetering on the brink of obsolescence today. With new technologies come new dangers and new avenues of attack, making it challenging for organizations to keep pace and update their practices accordingly. This is especially true for smaller organizations that don't have the luxury of large IT, security and compliance teams.

Collection of large quantities of confidential data

Organizations capture, process and store enormous quantities of information of confidential information from users a significant proportion of which might be deemed sensitive. Even small enterprises can find themselves in possession of thousands of customer records in just a couple of months.

With more information in their hands, the risk of a cyber criminal stealing the data is an ever-present concern.

Organized and state-sponsored hacker groups

Cyber attacks are no longer the preserve of a computer-savvy individual, clawing away at a company’s cyber defenses while confined to a dark basement. Today’s threat actors are more systematic and organized, ranging from advocacy groups such as Anonymous to entire government departments dedicated to cyberespionage, cyberwarfare and cyberterrorism.

Remote working

The COVID-19 pandemic accelerated the normalization of remote work, demonstrating that many jobs don’t need to be housed in an organization’s office. But remote work comes with cyber risks.

Employees who use public WiFi while traveling could connect to a rogue hotspot and expose confidential company information to criminals. Working outside the confines of the office also elevates the risk of eavesdropping and device theft.

High speed internet

For decades now, the internet has enabled the real-time exchange of data. Bandwidth has grown dramatically over the years and high speed internet is widely accessible, making it possible for rogue actors to upload vast quantities of data in minutes.

Bring your own device (BYOD)

BYOD policies lower the cost of acquiring organization-owned devices. However, these same devices can be a weak point that introduces malware into the organization. And BYOD might not be subjected to the same degree of oversight and control as enterprise-owned gadgets.

How to manage Cybersecurity

You need multiple strategies, techniques, tools, technologies, practices and services to counter cyberattacks. The following are some of the most important pillars of cybersecurity.

Leadership commitment

Cybersecurity must have conspicuous buy-in at the highest level of the organization. Employees will be committed to causes that have the explicit support of senior management and the board.

Regular risk assessments

Regular cyber risk assessments help to identify and evaluate threats, while also determining whether the controls in place are adequate. It’s a cost-effective and efficient means of proactively protecting your digital assets.

Password management

Develop policies and awareness programs that ensure users create passwords that are difficult to predict. Default passwords should be changed before an application or device is deployed into the production environment.

Robust Cybersecurity culture

Most cyber attacks ride on vulnerabilities caused by human error. Weak passwords, phishing emails, scam calls, and malware-laced attachments rely on the actions of a user. Attackers utilize these to trick employees into opening a doorway for unauthorized access.

Every employee must recognize their responsibility as the first line of defense in protecting the organization’s digital assets against cyber attack. This has to be reinforced through regular training. Cybersecurity should be integrated into the company’s values and vision. And there should be incentives and rewards for employees who model the right cybersecurity behavior.

Integrated application and network security solutions

The best enterprise security software services work in multiple layers to create a solid defense against cyber threats.

Often, an organization will need several applications and network security solutions to do the job, ranging from intrusion prevention systems to antivirus software. Historically, these solutions were deployed in a reactive, siloed stance that proved ineffective, expensive and complicated. Attackers could exploit gaps.

To have true end-to-end visibility of the threat landscape, applications and network security solutions must be integrated to prevent anything from falling through the cracks.

Partner with a dedicated cyber defense company

The complexities of rapidly evolving cyber dangers can be challenging and time-consuming for the average enterprise. Partnering with a dedicated cyber defense company like OpenText enables you to tap into the best cybersecurity knowledge and expertise available.

A cyber defense company can help drive cybersecurity into an organization’s fabric and deploy the solutions that are most suitable. Armed with proven cyber resilience software and enterprise security tools, a dedicated cybersecurity solutions provider can keep your security robust.

Mitigating Cybersecurity risk

In today’s deeply interconnected world, everyone can benefit from cybersecurity. A successful cybersecurity program provides defense in depth. That is several layers of protection spanning networks, servers, devices, applications, databases and data.

There are no guarantees that even the most elaborate strategies will keep your organization immune from attack. However, taking the right action will substantially minimize the odds by making it harder for cyber criminals to breakthrough. By identifying new vulnerabilities, deploying cybersecurity tools and educating users, cybersecurity makes the digital environment safer for all.

OpenText Cybersecurity solutions

OpenText provides a comprehensive digital transformation that addresses cyber resiliency and requires integration of cybersecurity throughout the enterprise lifecycle – to protect the business, detect changes in the risk surface, and evolve your capability to address new threats.

Protect

A good cybersecurity strategy protects your systems, your applications, and your data. You need to ensure that only authorized users can access your systems and that you can track them wherever they go through strong identity access management. You also need to be able to detect vulnerabilities in your applications – finding any weaknesses that might be exploited. Finally, the privacy of your data – information about your customers, your employees, and your organization’s intellectual property – must be guarded with the highest levels of security.

Detect

The second part of a good cybersecurity strategy is to detect when someone is trying to act maliciously against you. This can be very challenging as bad actors become more sophisticated and work in more covert ways to breach your environment. Plus, these advanced threats aren’t limited to the outside. Some breaches begin inside an organization. The bad actors can be stealing or destroying data and even damaging the systems themselves without anyone knowing.

To adequately detect security risks, companies must understand what data they hold and where it resides. Mapping your data enables you to understand its importance, govern it according to applicable regulatory demands, and minimize the risk of non-compliance, theft, and more.

It’s also helpful for security teams to understand individual user behavior. When you understand what someone’s “normal” actions are on the system, it’s easier to identify behaviors that don’t meet the patterns and might be putting the company at risk.

One reason security teams struggle with detection is that many solutions generate so much data that they create “false positives.” In fact, so much data is generated that it’s often hard to determine what is an actual threat. SOCs just don’t have the time to look at each alert individually and evaluate the risk. That’s why any good solution will have the ability to evaluate and automate responses, and then elevate higher-risk alerts to the Security team for action.

Evolve

A major component of cyber resilience and cybersecurity is the ability to adapt and evolve your security posture to stay ahead of threats. Hackers are constantly finding new ways to exploit vulnerabilities. They know that there will eventually be a fix for what worked yesterday, so they’re constantly trying to figure out what will work tomorrow. A cyber resilient organization will anticipate the new attack vectors through threat modeling and work to defend them even before they become a vulnerability.

To evolve requires the ability to quickly deploy and integrate existing and new services, both on-premises and in the cloud. It also requires access to industry intellectual property and best practices – ideally built into the products and tools being used for security. And, it involves being able to rapidly correlate data using mathematical models and machine learning so you can make data-driven decisions.

Artificial intelligence and machine learning

Artificial intelligence and machine learning (AI/ML) are important contributors to effective cybersecurity. With the mountains of data generated by security solutions, using systems that can analyze behaviors and risk and automate response can significantly increase an organization’s ability to intelligently adapt to vulnerabilities and attacks.

Data security

Ensuring data security is a primary component of both cybersecurity and cyber resiliency. This includes data in both structured and unstructured formats. You need to be able to analyze the data you have, as well as glean important insights so you can stay compliant with privacy and other governmental regulations.

Application security

Application security begins in your application development process. Testing needs to be scalable, flexible for on-premises or on-demand, and integrate with your DevOps. It should include developer-friendly processes and the code should be easily navigable.

Identity and access management

Identity and access management is the ability to manage the “who” (employees, customers) and “what” (devices, services) that access your systems and data. It enables you to develop trusted identities with the right level of access. Knowing the normal patterns of these identities makes it easier to identify when abnormal patterns appear.

Security operations

Security operations solutions need to enhance the productivity of resources, especially considering the current security talent shortages. Security orchestration, automation, and response (SOAR) systems and security information and event management (SIEM) systems are two important aspects of productive security operations.

Cybersecurity

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