On the horizon: Eight cyber security priorities

Looking beyond the digital shifts created from the pandemic — remote, secure work environments, digital engagement, and customer service — this hyperconnected world will likely face expanding cyber risks on multiple global fronts. Cybercriminals are using increasingly sophisticated tools and technologies, extending the challenge organizations face in securing and building tailored cyber defense and support.

KPMG’s annual Cyber security considerations report identifies eight considerations that leaders should prioritize to help mitigate and minimize the impact of cyber-attacks while protecting customers, data and sustainability in a digital world.

A single data breach or malware attack has the insidious capacity to incapacitate real-time transactions and network interactions, and ultimately disrupt business and impact revenue growth for days, if not weeks and months.

Some key actions to consider for 2022

  1. Transition from traditional security thinking around confidentiality and availability of data and begin thinking about striving to ensure integrity and resilience
  2. Engage key organizational stakeholders to commit to a security strategy that can protect organizational and customer data, manage risk, and is sensitive to short- and long-term business priorities
  3. Reformulate thinking in the executive suite as it relates to security by focusing on practical enterprise risk rather than expense and speed
  4. Think less about operational key performance indicators (KPIs) and key risk indicators (KRIs) and focus on themes and trends in the underlying data: types of incidents, internal and external program-gaps, and data-related activities that are in progress, planned or awaiting approval
  5. Build relationships with key business areas by increasing awareness of how quickly they can achieve objectives by embedding security versus what they may lose in the event of a breach.