A Look Into What Cybersecurity Challenges CISOs are Facing in 2020

A Look Into What Cybersecurity Challenges CISOs are Facing in 2020

Frontier Technologies investigated what Chief Information Security Officers (CISOs) in different industries say their biggest challenges are when it comes to providing an effective IT solution for their organization. Schedule a 30-minute consultation to see how we can mitigate the challenges you face when it comes to cybersecurity. CONTACT US HERE.

Over the decades, technology advancements have swept through every industry, skyrocketing the capabilities of most who take advantage of the trends. However, as more aspects of business move to technology-based practices, cyber security threats are also at an all time high. Faced with a range of obstacles from budget cuts to dissatisfied boards, security leaders are being challenged to change the way they look at cybersecurity and the associated risks.

Frontier Technologies investigated what Chief Information Security Officers (CISOs) in different industries say their biggest challenges are when it comes to providing an effective IT solution for their organization.

HEALTHCARE

  • Ensure patient privacy, safety and security
  • Secure medical devices, sensors and IoT endpoints
  • Meet the demands of digital transformation
  • Maintain regulatory compliance
  • Secure new care delivery channels

According to Cybercrime Magazine, healthcare suffered 2-3x more cyberattacks in 2019 than the average amount for other industries with more than 41 million patient records breached. It is estimated that personal health information is 50x more valuable on the black market because it contains a complete identity. Majority of data breaches among the medical field are usually traced back to an error from an end-user.

GOVERNMENT/FEDERAL AGENCIES

  • Defend against nation-state actors
  • Meet the demands of digital transformation
  • Protect cyber and cloud infrastructure
  • Mitigate insider threats
  • Improve real-time visibility and continuous monitoring
  • Adhere to risk management framework

Although the US Government has an estimated $18.78 billion fund for cybersecurity for FY2021, cyber attacks on Government agencies — from the national to local levels — are still a top target for hackers because of the nature and amount of data stored. No matter what level of government, there are challenges in navigating regulations and bureaucracy when developing a trusted solution.

LIFE SCIENCES

  • Secure IP, research, clinical and financial information
  • Increased M&A activity amplifies security risks
  • Maintain strict regulations and compliance mandates
  • Protect and patch IT/OT/IoMT devices
  • Encourage secure collaboration with partners

It is estimated that 95% of Life Science cyber attacks were aimed at stealing intellectual property, which can make up anywhere from 80-100% of the value of a Life Science company. Hackers see value in the way of pharma and life science ultimately making them a hot target for threats.

UTILITY AND ENERGY

  • Mitigate IT/OT integration risks
  • Increase visibility into OT and protect critical assets
  • Ensure data security and regulatory compliance
  • Prepare for and respond to targeted attacks
  • Develop organizational wide culture of security

If a hacker were to introduce widespread power outages by breaking into power grids, the health and safety of millions could be at risk. While this industry is heavily regulated, hackers are creating new ways to commit cyber crimes every day.

Frontier Technologies leverages expertise in IT infrastructure and cybersecurity, combined with decades of personal experience, to bring you the specific technology needed to solve your IT challenge — no matter the industry.

We invite you to schedule a 30-minute consultation to talk with our experts about what solutions we can design for your unique organization.

READ MORE:

THE BIGGEST BREACHES ARE PENETRATING BUILDING SYSTEMS AND IOT

CYBERSECURITY COMPLIANCE FOR FINANCIAL SERVICES

Tags: