GUEST REVIEW: In our ever-changing digital landscape, the rise of complex cyber risks has become a major concern for business leaders. Balancing the dynamics of innovation and growth with the growing demand for robust cybersecurity is a formidable challenge that many businesses face.
In fact, the The Australian Government’s new cybersecurity strategy relies entirely on helping businesses improve their ability to protect themselves against increasing cyber threats. However, for many organizations, implementing these increased security measures can seem daunting when you consider the current shortage of security talent in the region.
As we look to the future and consider innovative ways to strengthen security, it is clear that a collaborative, cross-border approach is essential to effectively protect organizations against the increasing sophistication of cybercrime in our AI-driven world .
Across the Cybersecurity Landscape: Strategic Investments and AI-Driven Defense
To stay ahead of the evolving threat landscape driven by cybercriminals’ increased use of AI, organizations must take a proactive stance on detection and prevention. As businesses have recognized the need to allocate more budget to security investments, the challenge now becomes determining how best to spend that money based on their organizational risk levels and what will generate the best return on investment.
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According to GartnerAustralian organizations are expected to allocate more than NZ$7.9 billion towards security and risk management products and services this year, an increase of 11.5% from 2023.
Additionally, as security breaches become more and more common, a change in mindset is required. In today’s threat landscape, it’s not a question of if an organization will be breached, but rather when. To combat sophisticated threats, detection measures must be enhanced with integrated, AI-powered attack signal intelligence.
While integrating AI into a cybersecurity strategy is a logical step, it’s important to keep in mind that the most resilient cybersecurity investments typically combine cutting-edge technological innovations and deep expertise.
Adapting to Hybrid Threats: Taking a Unified Approach to Enterprise Security
In 2023, anti-ransomware strategies have shifted from capitalizing on human errors to focusing on network infrastructure, posing a greater barrier to prevention and mitigation solutions. The widespread adoption of hybrid and multi-cloud environments has transformed all businesses into hybrid entities, and contemporary attacks now exhibit a hybrid character. This has rendered traditional threat detection and response solutions ineffective in the face of the new threat landscape, highlighting the need for new threat detection coverage across the expanding hybrid attack surface.
The LockBit incident, in which the gang quickly reorganized and restarted operations on new infrastructure following a law enforcement response, highlighted a harsh reality: cybercriminals are incredibly adaptable. This incident also highlighted the critical need for businesses to maintain up-to-date security measures. As LockBit admitted, the inability to update critical software was a key vulnerability that allowed law enforcement to infiltrate their operations. This is a stark reminder that the basics of cybersecurity hygiene, such as regular updates and patches, are fundamental to defending against threats.
Attackers usually start with the most common systems, such as Windows endpoints. As these systems become more secure and harder to exploit, they turn to network infrastructure. When it comes to the network or other attack vectors, traditional controls fail, leaving business leaders and their IT teams struggling to prevent lateral movement. To cope with new methods, the company’s infrastructure must be viewed as a unified target, just as attackers see it.
Improve cybersecurity: real-time visibility and proactive defense
Given the many vulnerabilities organizations face, it is crucial to implement solutions that not only guard against hybrid attacks, but also break down silos. By integrating with Endpoint Detection and Response (EDR) providers, these solutions provide complete visibility into the hybrid attack surface, covering both network infrastructure and endpoints.
Our client, High consumption products, understands this. CPG IT Manager Alex Chan explains: “Cybercrime is an industry-wide problem that will not go away. Businesses must take a proactive approach to securing their infrastructure and improving organizational resilience.
“Prioritizing the defense of our network means having real-time visibility so we can proactively reduce risk. Intelligent threat detection technology helps our cyber team think like an attacker, understand attacker behavior, and analyze detection patterns unique to our environment. Advanced security AI also detects potential attacks in real-time, helping us prioritize and reduce alert noise. This means our security teams can spend their time where it matters most: focusing on severity threats.
Empowering security decision-makers: prioritizing threat response
In our ever-changing competitive landscape, many organizations tout their “cloud-first” approach while maintaining substantial data center infrastructure. However, the data center footprint remains a critical area requiring robust protection. The truth is that attackers are indifferent to where innovation occurs. They exploit all available possibilities. It is therefore essential to ensure complete coverage against lateral movements within an organization. Whether it’s the cloud or the data center, it’s essential to protect all fronts.
Vectra AI recently launched the industry’s first managed extended detection and response (MXDR) solution. It provides around-the-clock support to defend against hybrid attacks and is designed to break down silos and improve visibility into the core elements of a hybrid workforce: identity, public cloud, SaaS, data center. data, cloud networks and endpoints.
We see time and time again that the best security solutions leverage technologies to amplify security policies and develop zero trust settings, backed by deep support and expertise.
Ultimately, for today’s security decision-makers, it’s about focusing on what’s urgent, having the best possible view of the entire infrastructure and the threats to it. arise, assessed according to their severity and impact. This type of attack signal intelligence ensures that security analysts can focus on responding to the most critical threats, which will reduce business risks without hindering innovation.
