Big Business Faces Cyber Challenge

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To say cybersecurity issues have created new management challenges in today’s business world is an understatement. Not only do companies need to ensure their own networks and information are secure – they’re also tasked with keeping track of the security of others. High-profile incidents involving companies like Target and Lenovo have brought these issues to the forefront. Millions of consumers were affected by a 2013 credit card breach that has been linked to a refrigeration systems vendor. 

More recently, Lenovo customers were surprised to learn that their computers had been preloaded with Superfish software that created security vulnerabilities.

According to Paul Rohmeyer, department chair of the Master of Science in Information Security and Assurance at Embry-Riddle Aeronautical University — Worldwide, organizations must look at breaches from two major perspectives – vendor and systems / technology.

In evaluating vendor-related matters, Rohmeyer said companies need to ensure business partners and service providers are taking appropriate steps to protect their own networks and, therefore, prevent breaches that may affect your company’s information.

One way to accomplish this is by making information security a topic of discussion when engaging with a vendor, he said. It will take effort from both parties to ensure that information security remains intact throughout the life of the relationship – and beyond.

Internally, businesses also need to view information security from a systems/technology perspective. Being aware of flaws and potential flaws in the technologies they use and staying vigilant to maintain a state of security are key to a safe and secure enterprise.

Rohmeyer believes companies must have the organizational capabilities to detect attempted and actual breaches and respond to them – regardless of the root cause. An inability to detect breaches is a significant problem.

To help executives combat these challenges, the U.S. Department of Homeland Security has developed a Cyber Risk Management Primer for CEOs. Companies such as Raytheon also offer cybersecurity insight and enterprise solutions.