California-based Saket Modi , Co-Founder and CEO at Safe Security , explains why cybersecurity is no longer just the concern of IT departments but has become a dominant issue for the boardroom itself .

With cyberattacks disrupting Business Continuity , they pose a direct impact on the top and bottom line of an organisation ’ s balance sheet . Thus , making cybersecurity one of the top priorities of every organisation .

Saket Modi , Co-Founder and CEO , Safe Security

Challenges with traditional cybersecurity approach

The evolving breach trends verify that complying to frameworks alone can no longer holistically safeguard organisations .

The board and business executives are expected to incorporate the management of cyberrisk as part of their business strategy .

Frameworks such as ISO , NIST , PCI DSS and others are used as reference checklists for cybersecurity and risk management practices , however , they provide limited visibility .

Cybersecurity must be aligned in every organisation ; threats and missioncritical business needs , provided by products that deliver holistic and actionable insights . The Frameworks approach to risk-posture assessments is subjective , labor-intensive and only offers point-intime snapshots / assessments .

They rely on a qualitative scale without any objective and quantitative measure to assess the security posture of an organisation . Similarly , Security Rating Services represent an independent source of publicly accessible data to support some use cases . However , these services don ’ t provide a complete assessment of security controls , as their information is primarily sourced from publicly accessing Internet IP addresses , honeypots , analysing Deep and Dark web content , and individual proprietary data warehouses .

38