The Cyber Defense eMagazine March Edition for 2024

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Why 97% of US CIOs are Concerned with Cybersecurity By Tracy Collins, VP of Sales, Americas, Opengear Cybersecurity has always been top-of-mind for business leaders – namely, CIOs. Cybercriminals constantly search for network vulnerabilities, like system errors, misconfigurations and out-of-date or unpatched software. Due to the rapid rate of digital transformation, these vulnerabilities continue to increase, resulting in a higher frequency of breaches and network downtime, compromising critical operations. According to a report from Radware, an application-distributed denial-of-service (DDoS) attack can cost an organization $6,130 per minute on average. Last year, a global and comprehensive study conducted by Censuswide on behalf of a leading Out of Band management solutions provider discovered that an overwhelming 97% of surveyed US-based CIOs expressed serious concerns about at least one cybersecurity threat – including malware, spam and phishing, social engineering and insider threats. While these threats aren’t particularly new, current cybercity concerns are through the roof among CIOs. The obvious question is: why are CIOs so concerned? Cyber Defense eMagazine – March 2024 Edition 202 Copyright © 2024, Cyber Defense Magazine. All rights reserved worldwide.
The Cybersecurity Implications of Talent Shortages and Inadequate Network Investment As business leaders, CIOs must ensure company-wide adherence to security programs that help promote uptime and decrease downtime. Nevertheless, it is challenging to maintain best security practices when there is a lack of experienced network engineers. Technology professionals, like network engineers, are so high in demand they exceed the supply; according to Gartner, almost 86% of CIOs reported facing more competition for qualified candidates. Additionally, network engineers are retiring at a worrying rate. The global study of CIOs found that 86% of US-based CIOs predict that at least 25% of their network engineers will retire in the next five years. The lack of personnel will likely increase the mismanagement of networks, thereby allowing cybercriminals to exploit vulnerabilities easily, negatively affecting business continuity. In fact, 95% of US CIOs stated that a lack of engineers resulted in a greater inability to manage networks. At the same time, inadequate network investment – such as not implementing proper software and network upgrades – can expose businesses to more cybersecurity threats. That same study, which also surveyed network engineers, revealed that 59% of US-based network engineers felt insufficient investments increased the risk of cyberattacks and/or downtime. Alarmingly, 27% of US network engineers are currently looking to leave their organizations because of inadequate funding. Understaffed Teams Can Combat Cyberattacks with Out of Band Management CIOs are rightfully concerned about the cybersecurity implications of talent shortages. However, there are several solutions, like Out of Band management, that CIOs can deploy to help their limited teams more effectively manage business networks. Out of Band management provides a secure connection to IT network environments, enabling engineers to access and manage networks from local and remote sites, even during an outage caused by a cyberattack. In fact, by setting up serial console servers, engineers will have an alternative path via a separate management plane to perform remediation on physical or virtually connected network devices. Should malware or ransomware cause a breach, engineers can use Out of Band management to isolate the incident by locking down network elements and prohibiting access to impacted equipment through a console port. Likewise, engineers can leverage these network solutions to temporarily disconnect WAN connections and shut down servers to protect private data. Should network assets remain inaccessible, leading Out of Band solutions permit engineers to power off using remote PDU control capabilities and rebuild device configurations via the console port. Out of Band solutions empower shorthanded network and IT teams to do more with less, helping them not only streamline remediation processes but also optimize everyday management. Specifically, it gives network engineers the visibility to make more informed decisions in real time. Also, best-in-class offerings include automation features, such as automatic configuration and preemptive failover, which help reduce time-consuming processes while preventing downtime for under-pressure engineers. Likewise, some Out of Band solutions will send automated SMS alerts to employees concerning IT infrastructure, ISP or – most importantly – cybersecurity-related incidents. Cyber Defense eMagazine – March 2024 Edition 203 Copyright © 2024, Cyber Defense Magazine. All rights reserved worldwide.
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Unlocking the Power of Governance i
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Bridging The Gap: Diversity Cyber C
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Reality War -----------------------
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Cyber Defense eMagazine - March 202
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How does this translate to practice
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Cybersecurity or Cyber Resilience:
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Why Cyber Resilience Aligns with Ze
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To effectively counter fraud, busin
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About the Author Kimberly Sutherlan
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for Civil Rights. That figure is up
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6 Factors to Consider When Choosing
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activity tracking is a critical com
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A changing regulatory landscape The
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This is the year for organizations
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Digital Transformation and Legal Se
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About the Author Robert Scott is Ch
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workforces to recognize internal th
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inventorying network devices and so
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endpoint security solution, that ma
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Becoming Resilient to The Cyber Inc
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Bringing it all Together The cyber
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But which one should you choose? We
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You can use Nordpass’ password ge
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AI's role in uncovering complex pat
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diverse backgrounds in the tech wor
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Building AI on a Foundation of Open
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esource. While the would-be travele
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crucial. Tech companies have a prof
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By fostering inclusive workplaces a
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In fact, this is already happening.
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Full Drive Encryption Only a Half-M
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Addressing the Challenge of Rogue D
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The Benefits of Cross-Team Collabor
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About the Author Tony King is NETSC
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could make changes to the databases
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CTI for M&A Active dark web Intelli
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focusing on threats originating out
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Ongoing portfolio monitoring Timing
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Regardless of their size, organizat
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About the Author Mike Caralis, Vice
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But we will soon start to see AI us
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Relying on the Unreliable The Hidde
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About the Author Tinglong Dai is th
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Almost as a chilling reflection of
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What Individuals Get Wrong About Bu
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Adversary in the Middle: Transparen
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About the Author Matt Kiely is a Pr
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conducting behavioral analysis to b
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Crypto Kaleidoscope: Investing in C
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The Art of Timing and Patience Like
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Cryptographic Protocol Challenges B
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delivered such information, so far.
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Below are answers to the two most c
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Securing The Stars: Addressing Cybe
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Navigating the Challenges of Space
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standards, such as those undertaken
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Your Company Culture Can Become a P
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Companies are not required to share
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Cybersecurity Forecast Navigating t
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counter AI-driven threats, as defen
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Decoding the Cybersecurity Implicat
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Business Logic Errors Business logi
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Department of Defense Publishes Lon
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C3PAO itself will submit the necess
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Edge Computing Market Worth Over US
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How Cybersecurity Supports Business
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Most organizations have experienced
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How Large Language Models Can Be Us
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To enhance protection, individuals
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Page 185 and 186: strategy, and encouraging cross-fun
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