With cyberattacks on the rise, IT Security has become increasingly important for enterprises of all sizes. “IT Security of Critical Infrastructure,” a new white paper published by TÜV SÜD provides an overview of cyberthreat levels and regulatory differences in major markets and highlights the importance of developing and implementing an effective security strategy.
IT Security Threats, Regulations Increasing
According to the white paper, international accounting firm PwC pegged the number of reported cyberattacks in 2014 at nearly 43 million, nearly 117,000 incidents per day. And that number may only be scratching the surface, as it’s estimated that nearly 71% of such cyberattacks go undetected.
Cyberattacks are no longer limited to large organizations or critical infrastructure industries. In fact, small and midsized businesses may actually be more vulnerable to cyberattack, as they are less likely to have an effective security strategy and may be at greater risk of large-scale, automated cyberattacks.
In response to the increased threat of cyberattack, the number of IT security regulations has also increased. These regulations vary by country and industry, but generally countries with a higher-level of cyberthreat–such as the USA, Germany, and the UK–and industries considered critical infrastructure–such as government, technology, and banking–are subject to higher level of security and data-protection regulations.
A Broader, More Effective Approach to IT Security
The white paper also discusses the importance of developing an IT security framework that covers more than just the areas most likely to be targeted by cyberattack, such as online payment systems.
The potential vulnerabilities created by increasing integration of IT systems with other infrastructure elements of an organization call for an enterprise-wide framework to cyber security, including:
- Organization-wide data-security policies and procedures
- Threat assessment
- Use of threat detection software programs
- IT security audits to ensure compliance with regulations and standards
- Risk analysis
This framework should be implemented using a structured approach, starting with management commitment and including an awareness and accountability for IT security issues throughout an organization. The white paper recommends making use of cyber security experts and leveraging industry knowledge through trade associations or other industry groups.
Download the a copy of this free IT Security white paper at the TÜV SÜD website.