Digital Transformation with Cyber Risk programs – Combination for Safe and Secure Business Practices

Companies around the globe, either big or small have been truly embracing the power of digital transformation thanks to the lockdown and the work-from-home situation. According to recent research conducted by Capgemini and MIT

such organizations are the ones that are performing far better in their respective industry. However, to keep up with the technology that changes rapidly, companies require sustained investment and innovation in new digital technologies. Resulting in, businesses exploring digital opportunities and top-notch capabilities for fierce competition and accelerated growth.

Now that these businesses have digitized, the threat of losing crucial data, money, and trust from clients and stakeholders has become a major concern because of cyber-attacks. As companies assemble their digitization plan there are certain measures to take care of to improve the cybersecurity programs. The C-Suite executives of the firms are faced with this challenge to prepare and adapt to proficient planning and tools to safeguard from such hacks/cyber-attacks.

Types of Attacks

Advanced Persistent Threat (APT), is a particularly difficult attack to spot and action. Here, the intruders can invade into an organization’s network, linger around for a long time and wait until the right moment to strike on some highly sensitive data. Making it complicated to detect within the right time and stop. Then there is the “breadth of attack vectors” which is a simple language that means the “attack surface” which has also substantially increased as digital transformation has come to the forefront, making it tough to tackle.

Along with these, various types of other attacks happen, like Malware – a vulnerable network breach that is “planted or disguised” within links or email attachments, used to install malicious software into a system. Virus, Trojan, Spyware, Ransomware, etc. are some common types of malware that are notoriously famous. Phishing, DOS Attacks (Denial of service), Man-In-The-Middle, SQL Injections, Zero-day Exploit, Password Attacks are also very well known to the world.

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Manohar Parakh

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