Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of the Economic Times – ET Edge Insights, its management, or its members

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The era when only large enterprises had access to modern tools and technologies is far behind us today. Today, even small and medium enterprises can effectively leverage cloud computing and use these revolutionary technologies for the success of their businesses.

Analysing market trends, ensuring operational excellence, improving resource management, and optimization of resources are now made possible with the cloud.  Higher reliability, better accessibility and scalability, and automated backup are a few other advantages of cloud migration.  Furthermore, the security benefit is another critical aspect here, as cloud providers have better expertise and access to security solutions.  For its security, the shared responsibility model is leveraged, where maintenance and security are divided between the cloud provider and the customer.  Cloud security is a discipline of cyber security that revolves around securing cloud computing systems.

Growing importance of Cybersecurity Risk ManagementWith digital technologies influencing our everyday lives and cloud computing enabling digital transformation, the threat landscape is continuously expanding, and cybersecurity risk management has become extremely critical.  Its processes help to analyse the intensity of new risks and mitigate them.  This includes risk assessments considering several variables and then categorising them from the most to the least impacting ones.  No threat is left undetected in this management process.  Cyber risk management also includes the implementation plan and an incident response strategy in the case of breach occurrence and extends the length of security across all business functions. By implementing a cyber risk management plan, attacks can be detected, prevented, and mitigated, while keeping the system and the brand protected.  The cyber risk management plan should have clarity with the strategy defined, providing analysts a guide for reference during a crisis.

Leveraging Intelligence Automation (IA) is no longer an optionThe cyber risk management strategy must include proactive measures with cybersecurity solutions leveraging IA to eliminate human oversight. With this, the tedious tasks of access management, monitoring, incident response, analysis, vulnerability scan, and patching can be done efficiently.  Threat intelligence and compliance with data protection increase, and the average time in detecting threats can be brought down significantly.

In today’s digital era and ever-evolving threat landscape, having a robust cybersecurity strategy without automation does not serve much purpose in a perimeter-less environment that is vulnerable to attacks.  Exponentially growing sophisticated and frequent cyberattacks and the widening gap between the supply and demand for skilled cybersecurity personnel have led to leveraging IA extensively.

The many benefits of IA in cybersecurityThis ever-expanding landscape necessitates the use of automation to boost cybersecurity implementation which can help analysts effectively manage the growing volume of security attacks with continuous software delivery.  As a combination of numerous technologies, IA consists of Robotic Process Automation (RPA), Artificial Intelligence (AI), and business process management tools.  It automates various business processes from end to end that think, learn, and adapt on their own and integrates with other systems as well.  This enables the creation of resilient and flexible business operating models.

Automating laborious tasks frees security analysts to focus on those that bring innovation, thereby establishing new business value.  In this case, sustainable practises can be introduced to the process framework, which is scalable too.  Productivity is enhanced and efficiency is increased due to the elimination of unnecessary processes and related costs. The Security Operations Center’s (SOC) fast-evolving needs are easily addressed with IA.

Authored by : Rajarshi Bhattacharyya, Chairman and Managing Director, Process IT Global

 

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of the Economic Times – ET Edge Insights, its management, or its members