What is cybersecurity, and can outside consulting help?

This is an answer to a question submitted to the "Ask me anything (AMA)" program. This AMA channel is designed to support you get clarity to business/tech questions you may have. Periodically, I select a particular response that we feel can benefit the broader community.

Security in a digitally enabled business represents the continued availability of the tools and practices used to satisfy customer needs while advancing your ability to maximise business opportunity, meet market demand and continuously advance your ability to perform better.

security represents your state

Having a look at the Allianz Risk Barometer, you can quickly realise that 3 out of the top 4 business risks are related to digital enablement, digital continuity and digital due care/diligence:

top business risks barometer

For you, this means that cybersecurity needs to be looked at across multiple vectors:

multi vector risks

Typical companies are excellent in their area of expertise. They typically lack the internal technical capability or know-how, tooling or capacity to handle the breadth of issues/areas that need to be considered as part of an effective cyber-risk management strategy in an ever-expanding digital landscape and attachable surface area:

expanding attackable surface area

This is where you may need to get external help. someone who can help you prepare for and harden your risk assessment methodology across these vectors and operational aspects to include cyber considerations:

  • In the way, you engage
  • In the way you build
  • In the way you distribute
  • In the way you make agreements
  • In the way, you demonstrate due care/due diligence to your customers and partners.
  • In the way you handle incidents (professionally and with tact), minimising impact and negative situations.

They also help you identify what type of cyber insurance you may benefit from as part of your protection program in the modern world., enabling you to focus on what matters and delivers great business impact.

This post and the information presented in newsletter, events and website content are intended for informational and entertainment purposes only. The views expressed herein are of the author alone and is not a recommendation of an investment strategy or to buy or sell any security, digital asset (including cryptocurrency) in any account. The content is also not a research report and is not intended to serve as the basis for any investment decision. While certain information contained herein has been obtained from sources believed to be reliable, neither the author nor any of his employers or their affiliates have independently verified this information, and its accuracy and completeness cannot be guaranteed. The content is not legal advice. Any third-party information provided therein does not reflect the views of andremuscat.com. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, timeliness or completeness of this information. The author and all employers and their affiliated persons assume no liability for this information and no obligation to update the information or analysis contained herein in the future.

What is cybersecurity, and can outside consulting help?

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