May 2018 smartGOV_eMagazine_May2018 - Page 12

Smart Governance LeadLine from 15 percent, comparatively, in 2017). Interestingly, only 15 percent of undetected breaches are found through law enforcement, which is down from 32 percent the previous year. On average, respondents said only two-thirds (67 percent) of their organization is actively protected by their cybersecurity program. And, while external incidents continue to pose a serious threat, the survey reveals that organizations should not forget about the enemy from within. Two of the top three cyberattacks with the highest frequency and greatest impact are internal attacks and accidentally published information When asked which capabilities were most needed to fill gaps in their cybersecurity solutions, the top two responses were cyber threat analytics and security monitoring (46 percent each). Organizations realize the benefits derived from investing in emerging technologies. A large majority of respondents (83 percent) agree that new technologies such as artificial intelligence, machine or deep learning, user behavior analytics, and blockchain are essential to securing the future of organizations. For the 2018 State of Cyber Resilience study, Accenture surveyed 4,600 enterprise security practitioners representing companies with annual revenues of $1 billion or more in 15 countries. The purpose of the study is to understand the extent to which companies prioritize security, the effectiveness of current security efforts and the adequacy of existing investments. More than 98 percent of respondents were sole or key decision-makers in cybersecurity strategy and spending for their organization. For the purposes of this research, a cyber resilient business applies fluid security strategies to respond quickly to threats, to minimize damage and continue to operate under attack. It can therefore introduce innovative offerings and business models securely, strengthen customer trust, and grow with confidence. Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance Steps organizations can take to achieve cyber resilience  Build a strong foundation. Identify high value assets and harden them. Ensure controls are deployed across the organizational value chain, not just the corporate function.  Pressure test resilience like an attacker. Enhance red defense and blue defense teams with player-coaches that move between them and provide analysis on where improvements need to be made.  Employ breakthrough technologies. Free up investment capacity to invest in technologies that can automate your defenses. Utilize automated orchestration capabilities and advanced behavioral analytics.  Be proactive and use threat hunting. Develop strategic and tactical threat intelligence tailored to your environment to identify potential risks. Monitor for anomalous activity at the most likely points of attack.  Evolve the role of CISO. Develop the next generation CISO — steeped in the business and balancing security based on business risk tolerance. 12 | May 2018 | www.smartgovernance.in