The greatest threat facing businesses today is the constantly changing environment itself. It has never been as difficult to maintain focus on all the threats to a business’ existence.
“Just maintaining supply chain continuity and customer relevance is difficult,” says Steve Jump, head of corporate information security governance at Telkom.
Recognising and addressing the peripheral threats, such as cyber and fraud, is often too late for the smaller business, he adds.
Speaking of the biggest security trend for 2020, Jump says identity and credential compromise will remain the biggest threat. “As more people rush to the cloud to facilitate remote working, access, protection and security practice have taken a second or third place behind survival.”
In the future, he believes that automatic detection and exploitation of vulnerable accounts and systems will become normal.
“Organisations and small businesses who cannot update software, or implement contemporary access controls – because they either cannot move away from legacy codebases or still need to maintain hybrid cloud or on-prem operating systems – will suffer disproportionate losses.”
When asked what one piece of advice he would offer organisation about cyber security, Jump says: “Get real with your access governance. Know who your users are, implement multi-factor authentication, monitor all user access.”
Jump will be speaking at the ITWeb Security Summit 2020, to be held as a virtual event from 25 to 28 August. The title of his talk is 'Carpe diem: Seizing the security advantage' and he will discuss how cyber security professionals and businesses should benefit from the ongoing transformation of security’s role in the workplace.
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