The Cyber Security Threats and the Role of Chief Information Security Officer - Sybrid MD

The Cyber Security Threats and the Role of Chief Information Security Officer

The threats to cyber security are getting higher with every advancing year and we are witnessing an increased number of cybercrimes over the time. This year, a huge amount of healthcare data breaches have badly mired the integrity of healthcare organizations. In fact, you will see advancement in such cases as predicted by The Information Security Forum (ISF), a worldwide independent information security organization which takes into account the cyber security and risk management of information.

“As a consequence of an increased number of data breaches, the healthcare industry will have to face compromised health records.”

In the light of the forecast by ISF, elevated levels of data breaches will bring about the below mentioned 5 worldwide security risks for industries in 2018:

1) Expansion of the equipment and services of Crime-as-a-service (CaaS)

2) Increment in uncontrolled threats for the internet of things (IoT)

3) Insufficient or negligible contribution of the supply chain with regard to risk management

4) Increase in the convolution of critical asset control by the regulatory body

5) Exposure of unaccomplished board prospects through noteworthy happenings.

Crime as a Service (CaaS)

According to the prediction of ISF, CaaS will be increasing with illicit groups, hence, fostering intricate social stratums, joint ventures, and alliances that would target giant organization of the private sector.

The Internet of Things (IoT)

There is an increased trend of adopting IoT appliances by many healthcare organizations. Anyhow, a large number of IoT devices lack structural protection. Moreover, ISF indicated that the quick budding up of IoT environment will lead to the utilization of private information in an inappropriate and unwanted manner. Adding to it, the industries will find it hard and even unsolved on how to protect the personal data to avoid its misuse by devices such as tablets, smartphones etc.

Compromised Information

The supply chain is turning out to be very risky with regard to the protection of data as indicated by ISF many times. It has been observed that a whole heap of important and highly personal data is frequently shared with the partners. In this way, one becomes unable to control the shared data directly. It causes lack of privacy, reliability, and accessibility.

To handle this situation, every industry must need to detect the weakest regions within their supply chains. Furthermore, the risk can also be managed by implementing robust, measurable and revised relevant procedures. There should be the implementation of fitting supply chain risk management strategy for data security within the organizations.

Intricate Issues by the Regulatory Bodies

ISF bring into the light that the regulatory bodies contribute to intricate issues with regard to data security. For this reason, it is recommended to pay heed on the investment of improved compliance and expenses of data management.

Unaccomplished Prospects and Responsibility

Due to the improper functioning with regard to the handling data, there will be an increased data security threat in 2018. Therefore most of the healthcare organizations would nominate chief information security officer (CISO) to completely control the process of data security. However, security of the data cannot be controlled only with one portfolio rather it is deemed a shared responsibility across the board. The board needs to acknowledge the fact that data moves from various devices to various in-house and outsourced resources. Therefore, CISO should not be the single person to consider responsible for improper or unexpected functioning regarding information security. It requires extensive training and compliance of security checks at every department of an organization. Most of all, examples of data breaches should be shared to educate on how to responsibly handle private data of consumers.

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