Adopting Security-by-design Mindset is Way to Combat Cyberthreats of Future

As the threats of the future get more sophisticated, evolving our approaches to tackle them is the only way forward. Cyber attackers are not only getting successful in penetrating our systems, but the detection of these attacks also go un-noticed for long periods of time.

The loss of data and vulnerabilities of our systems can be a huge cost to company. Owing to these threats, Capt. Raghu Raman states: “In an exponential world, the boundaries between individual, corporate and national security are irrelevant. The risks that will face us in the future haven’t yet been assessed or protected against, simply because they haven’t even been imagined yet.

"The recent WannaCry attacks have opened the dialogue on “cyber security” once again. Once again we are talking about “fixing” what is broken. Ransomware has been a highly discussed topic by IT professionals and a nagging issue in the security landscape for years. In the real world the loss caused due to cyberattacks is usually more than the budgets allocated or the contingencies accounted for. We need to talk about security-by-design which means that security should be one of the early considerations when designing and building products.

"It is time to talk about “Cyber-hygiene”. Critical industry verticals like banking, insurance, telecommunications, and retail need to account for security in the planning stages of initiating new products or services in the market, this applies to government entities as well."

Understanding the legal liabilities and reputational damages caused due to data loss or theft is also a crucial function for these industries. Citing these vulnerabilities, the 3rd Edition CISO Summit Mumbai scheduled for 14th July 2017 at The Lalit addresses the dynamic changes a CISO’s role has undergone within an organization. The CISO Summit is organized by The International Council of E-Commerce Consultants (EC-Council).

Adv. Prashant Mali, says: “CISO Summit looks different to me as it has shaped after mulling on practical cyber security issues which different Industries across the board and world face today in these challenging times."