Pausing To Go Faster? How Are You Preparing Your Business For The Future Of Cybercrime?
In insight / By Mark Flynn / 06 June 2018
Looking to the future has always been high on the agenda in the business world, but in recent years it has become even more apparent that the preparations we make today could save our businesses tomorrow.
Cybercrime is one area in which this is becoming more and more evident. An ever-increasing threat no matter the size of your business. How you prepare can make a great deal of difference, not only in minimising the damage but in ensuring that you are GDPR compliant.
The banking industry is an interesting example of this type of preparation. Cybercrime has been likened to a never ending full scale war and the banks have started to use military tactics to give them an edge.
The first part of this change in tactics comes from the creation of fusion centres. Originally conceptualised in the wake of 9/11, fusion centres are designed to both tackle a threat and also facilitate rapid communication with multiple concerned parties.
The second key example banks are taking from the military is the concept of war games. Either alone or in partnership with law enforcement, other government agencies, and banks simulate large scale attacks to smoke out flaws in their software or respond to cyber-attacks.
Another potential way of preparing for future cyber threats was proposed by a group of cyber security experts who have advocated the creation of a global clearinghouse. One of the big issues in cybersecurity is the fact that people don’t want to admit to being hacked. Whilst this might not seem like a big problem it means cybercriminals can divide and conquer, using the same exploits many times over. The creation of a clearinghouse is designed to be a place that data on attacks can be left ominously and as such remove any potential issues.
Of course, cyber security isn’t the only thing to prepare for. One of the most interesting articles this week analyses how we prepare to meet the changing landscape of business. The pace of disruption to the way we do business only seems to be accelerating, therefore, being prepared to lead your business through these changes is incredibly important.
At times the steps needed in order to react properly and rationally can seem counter intuitive, pausing to go faster perhaps, but they are quite useful. In this case, stopping and thinking about the issues rather than giving a knee jerk reaction makes things much smoother.
My tip is to write the following on a post-it note and keep it close:
1. Pause to understand
2. Embrace your ignorance, be willing to learn
3. Turn the issue on its head to better understand
4. Remember it is all about the journey, not the destination
5. Enjoy quick failures, they are priceless if you are to avert disaster
For more information on anything in this article, please contact me.