Managing cyber risks: time to strengthen the cybersecurity arsenal

IT modernization over the past two years has been a necessary response to the ravages of the pandemic, but in many cases it has also increased the digital attack surface, giving threat actors more opportunities to compromise key assets. According to a new study from Trend Micro, organizations are struggling to define and secure a growing cyberattack surface, hampering risk management. It found that organizations in India have on average only 67% visibility into their entire attack surface, while 95% of organizations have been able to define their attack surface to some degree. More than 39% of organizations feel fully exposed to cyber risk in the event of a cloud failure.

Visibility challenges appear to be the main reason organizations struggle to manage cyber risk. About 92% of respondents were concerned about the ever-changing and expanding attack surface. Another 64% of respondents said that while their organization’s digital attack surface is complex, it can be controlled.

The visibility of the attack surface is challenging for a variety of reasons, such as a lack of the right tool, organizations with too many tools that keep information in silos, and constant technological innovation. A whopping 41% of respondents believe their organization’s attack surface has the least visibility into network assets.

Sharda Tickoo, Technical Director, India and SAARC, Trend Micro, said: “A unified, platform-based approach is the best way to minimize visibility gaps, improve risk assessments and enhance protection of these complex, distributed IT environments. “

FINDINGS FOR INDIA

— 93% of respondents believe that the C-Suite should play a more important role in demonstrating good cybersecurity practices
— 65% of organizations currently have moderate exposure to risk
— 55% of organizations plan to invest in training their IT team by 2022
— 39% of organizations are currently using a platform model to manage their digital attack surface

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