The evolving role of the CISO: How digitisation brings the fight to security threats

It's a simple fact that data makes the modern economy turn. Being the first business to act on insights gained from pivotal pieces of information gives businesses a distinct competitive advantage. However, it's also quickly becoming a fact that the same data is being targeted by skilled cybercriminals intent on causing damage to infrastructure.
 
Sophisticated cyber attacks

With the world facing sophisticated attacks such as the likes of WannaCry, Petya and NotPetya in 2017, cyber threats are the biggest modern technological fear. Although sectors such as financial services are most at risk, there have also been numerous high-profile attacks on utilities, oil and gas and food manufacturing environments in recent years.
 
On 27 June 2017, confectionary manufacturer Cadbury was hit by a cyber attack, which halted production at its Hobart factory in Australia. Computers were infected with the Petya ransomware virus and displayed a message on the screen demanding payment in cryptocurrency.
 
Later that same day, NotPetya — a variant of the Petya virus — further damaged facilities across Europe. NotPetya exploits a backdoor in the update system of a Ukrainian tax-preparation programme running on Windows and used by around 80 per cent of all Ukrainian businesses.
 
The new CISO

It should come as no surprise then that the advice of IT and security experts is now being sought at the highest levels of business. The role of the chief information security officer (CISO) is also changing in response. Acting as the head of IT security, the CISO has traditionally been responsible for things like operational compliance and adherence to ISO standards as well as performing IT security risk assessments and ensuring that the business is using the latest technologies.
 
Increasingly, the CISO must also drive IT security and strategy, guiding everyone from the shop-floor staff to the most senior officials on how best to prevent cyberattacks. The modern CISO now takes a seat at the boardroom table, ensuring business continuity, come what may.

End-to-end digitalisation

For industrial businesses, this change cannot come soon enough. The desire to integrate manufacturing networks with the outside world and the increased use of smart data is driving efficiencies in sectors from food and beverage, and automotive to utilities. At the same time, it's also leaving them vulnerable to attacks that can lead to extended periods of downtime.
 
Part of the reason for this is that many businesses have traditionally operated in silos, with information technology (IT) and operational technology (OT) experts not historically well aligned to the same objectives and outcomes. However, as we increasingly use more internet-connected devices such as PLCs, HMIs, intelligent motor control centres and smart meters — all relaying millions of data points to centralised and often remote SCADA and ERP systems — it will become crucial to take a joined-up approach to industrial operations. Cue end-to-end digitalisation.
 
For many businesses, replacing hardware and software to allow functionality such as real-time cloud data, analytics and centralised control across every aspect of their operations is neither a cheap nor fast-acting undertaking.
 
After all, most plant managers have built up a complex system over many years, retrofitting new components and modules to existing equipment. This is driving the need for end-to-end digitalisation, moving away from fragmented system control, maintenance and upgrade towards a holistic approach that encompasses system-wide analytics that can deliver actionable insights to improve process efficiency.
 
At Boulting Technology we're helping our customers introduce cybersecurity measures to retrofitted equipment in existing industrial setups. Our range of control systems, networking products, intelligent motor control centres and more, form an integrated system that gives engineers easy and secure access to their operation around the clock. Ultimately, end-to-end digitalisation will help companies respond to attacks and breaches in minutes rather than hours or days.
 
So, while we come to the realisation that cyber attacks are simply a normal part of doing business, take heed of your CISO's advice and rethink your end-to-end digitalisation strategy.

https://www.iottechexpo.com/northamerica/wp-content/uploads/2018/09/all-events-dark-text.pngInterested in hearing industry leaders discuss subjects like this and sharing their use-cases? Attend the co-located IoT Tech Expo, Blockchain Expo, AI & Big Data Expo and Cyber Security & Cloud Expo World Series with upcoming events in Silicon Valley, London and Amsterdam and explore the future of enterprise technology.

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