Insights from KPMG Experts on Cyber Security Strategies for 2021
As technology evolves, cyber threats continue to become increasingly sophisticated. Hence, protecting businesses against cybercrime has never been more critical. The year 2020 has been marked by a sharp rise in the number and severity of cyber-attacks, leading companies to review their cyber security strategies. In this article, we will provide insights from KPMG experts on the latest trends and strategies for cyber security in 2021.
Current Cyber Threat Landscape
The current cyber threat landscape is very complex, with hackers targeting businesses with ransomware, phishing, and social engineering attacks. Many companies struggle to keep pace with the ever-changing threat landscape, and it’s essential to start with a risk-based approach. KPMG recommends that companies should conduct regular risk assessments to identify their most valuable assets and prioritize securing them.
Multi-Layered Defense Mechanisms
According to KPMG, relying on a single security layer is not enough to protect against modern cyber threats. Instead, businesses require comprehensive risk management frameworks and multi-layered defense mechanisms that provide a depth of protection across the entire infrastructure. This includes a combination of firewalls, intrusion prevention systems, web filters, and antivirus systems, among others.
Shift Towards Cloud Computing
Many businesses have recognized the benefits of cloud computing for their operations, requiring new and more effective security strategies. KPMG recognizes that the cloud represents a significant shift in infrastructure and requires its own approach to security. Companies need to understand their responsibilities as cloud users and implement policies and procedures to protect their data.
Importance of Cyber Awareness Training
KPMG experts highlight that the human factor remains a significant vulnerability to cyber threats. Therefore, providing regular cybersecurity training and awareness programs to employees should be a critical component of any cybersecurity strategy. Employees need to understand the importance of protecting sensitive information and the potential risks of failing to do so.
Continuous Monitoring and Auditing
Finally, KPMG experts recommend that businesses should monitor and audit their information systems continuously. Regular reviews and monitoring help identify potential cyber threats early, allowing for prompt action to mitigate risks.
In conclusion, cyber threats continue to pose a significant risk to businesses in 2021, and companies need to implement multi-layered defense mechanisms and risk management frameworks to tackle this evolving landscape. Additionally, cyber awareness training, continuous monitoring, and auditing are increasingly important for companies to protect their valuable assets securely. By following the advice from KPMG experts, businesses can take the necessary steps to safeguard against cyber threats and minimize the risk of being compromised.
