Cyber Security- Current And Future Challenges

Hanan Szwarcbord, Vice President & Chief Security Officer, Information Technology, Micron Technology USA.

Hanan Szwarcbord, Vice President & Chief Security Officer, Information Technology, Micron Technology USA.

Cybersecurity is an ongoing process that requires continuous adaptation to new threats and technologies, besides combining technical measures with legal frameworks, international cooperation, and public awareness efforts can be an effective strategy against cybercrime, said Mr, Vice President & Chief Security Officer, Information Technology, Micron Technology USA at AIMA’s #LeaderSpeak Session.

[Excerpts below…]

I first started when I was 14 and started as a child hacker, testing the boundaries and playing with scripts and trying to see where I can get access to spend a few years in the Israeli Force doing counter intelligence, and that is where I’ve learned what’s the right way of managing security.

Companies were stationed to one place earlier, but they are cross-functional and international now, and unless a secure and an efficient data security system is not in place, there are chances of the wrong buttons to be pressed. Besides, the security of the company is also mostly breached due to lack of hygiene.

While the Security Team tries to form a bulwark for data protection, the other departments must also be alert, otherwise a lot of things will be at risk. The best way is also to create a firewall, whose primary purpose is to establish a security perimeter that prevents unauthorised access and protect the networks from potential cyber threats.

Most of the cyber attacks and companies are routed through users when they use unsafe websites and apps by clicking fraudulent links to let malware into the company systems. Indiscriminate sharing of corporate information to save cost and work has become a new threat to intellectual property and business data. While digitisation has allowed us to do more with less effort, it has brought with it the risks of dangerous levels of information loss, theft and manipulation.

Cybercrime has attained a colossal form of being a million-dollar business now. Companies are no longer about liquid cash, but they are well footed on crypto currency, bitcoin etc, which paves more way for their cyber security to be breached. Adversaries are looking for ways to get into anything that victims use daily, including the phone, laptops, the uses of very common social media and communication apps like Facebook, WhatsApp etc trough pop ups or malicious ads etc.

However, what is most important is, to protect the Intellectual Property (IP) by staying vigilant and proactive in safeguarding your creations and innovations, and for that IT professionals must be trained. And most importantly, the Security Team must be mindful of focussing on the business risk more than the IT risk.

The ways I would suggest for cyber security are- promoting cyber hygiene, developing advanced tools and techniques to detect and mitigate cyberattacks; strengthen digital forensics capabilities; implement continuous monitoring of networks and systems.

As for individuals to protect themselves from cybercrimes, I would advise securing their personal information, being cautious about sharing sensitive data online and not be lured by apps that are not genuine or registered.

Watch the full Session- 

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