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Security and Risk Management Trends 2022

Security and risk management have become increasingly complex, thanks to the continuously expanding digital footprint of modern organizations. Currently, there are seven trends that impact cybersecurity and risk management practices. Here are the key areas to watch out for along with ways on how they can adapt their security approaches to the evolving needs.

  • Attack surface expansion. Using cyber-physical systems along with the internet, social media, and cloud applications, among others, can result in a wide range of security exposures. Organizations need to look beyond conventional approaches to security detection, monitoring and response. These services will help visualize internal and external business systems and automate the discovery of gaps in security coverage.
  • Identity threat detection and response. Misuse of credentials is now the main attack vector. Organizations have spent so much effort in improving identity management capabilities. However, most of it is focused on technologies aimed to improve user authentication, which only increases the attack surface for cybersecurity infrastructure. These tools can help protect identity systems, detect if they are compromised, and perform efficient remediation.
  • Digital supply chain risk. Almost half of the organizations worldwide will experience attacks on their software supply chains in a few years. Digital supply chain risks demand new mitigation approaches involving more deliberate risk-based vendor or partner segmentation and scoring, a shift to resilience-based efforts and thinking requests for security best practices and evidence of security protocol, and efforts to stay ahead of regulations.
  • Beyond awareness. Conventional compliance-centric approaches to security awareness training have been deemed ineffective by experts. Instead, they advise investing in holistic culture programs and security behavior that foster new ways of embedding and thinking about new behavior to provoke secure ways of working in the business.
  • Distributing decisions. The scope, complexity, and scale of digital business require the need to distribute cybersecurity decisions, accountability, and responsibility away from a centralized function and across organizational units. Because of this, the cybersecurity leader’s role should evolve from sole decision-maker to facilitator. In a few years’ time, a centralized cybersecurity function will not be good enough to meet the needs. Organizations should restructure their matrix to empower CEOs, boards or directors, and other business leaders to make their own risk decisions.
  • Vendor consolation. There is an increasing need to reduce administrative overhead and complexity while increasing the effectiveness of converging security technologies. For instance, for most businesses, cloud-delivered web gateway, zero-trust network access, brand office firewall, and cloud access security broker might all be given by the same vendor. Consolidation of security functions will lower the cost of ownership and improve operations efficiency in the long run, all for better overall security.
  • Cybersecurity mesh. A cybersecurity mesh structure helps provide a common and integrated security posture to secure all assets, whether they are on the premises, in the cloud, or in data centers. This is crucial in defining consistent policies, exchanging data, and enabling workflows among security solutions.

These trends build on and reinforce one another. When done together, they can meet future security and risk management challenges, while continuing to elevate their standing in their organizations.

About Security Hire Melbourne:

Security Hire Melbourne is a trusted provider of security solutions for your premises and assets. They boast a highly skilled security team and the use of high-end methodologies and techniques to ensure that people, assets, and the environment are protected.

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