Cyber Risk Cannot Be Managed With Fragmented Security Strategies
Posted: Wednesday, Oct 02

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Cyber Risk Cannot Be Managed With Fragmented Security Strategies

The sheer number of cyber threats organisations face today is staggering, as demonstrated by the MediSecure hack earlier this year, which compromised the data of about 12.9 million Australians, marking it as one of the largest cyber breaches in the country’s history.ย 

In response to such threats, cybersecurity teams are constantly on high alert, deploying various threat detection and incident response solutions to safeguard their assets.

However, while these solutions aim to strengthen defences, they have also inadvertently contributed to a fragmented cybersecurity landscape, where unifying risk metrics and effective communication have become significant challenges.

The Fragmentation of Cybersecurity Tools

The rapid deployment of specialised cybersecurity tools has resulted in a patchwork of solutions, each addressing a specific facet of security. As organisations grow and evolve, they often find themselves managing a diverse collection of products from various vendors, each with its own dashboard, reporting metrics, and alerting mechanisms. While each tool may individually bolster security, the lack of integration between them creates confusion and inefficiencies.

The Communication Conundrum

The fragmentation of cybersecurity tools also disrupts effective communication within and across teams. Each tool generates its own alerts and reports, making it difficult for security teams to prioritise and respond to threats. This disjointed communication can result in critical threats being overlooked or addressed too late.

Moreover, the lack of standardised metrics across different tools complicates communication with non-technical stakeholders. Executives and board members need clear, concise reports to make informed decisions. When security teams are overwhelmed by fragmented data sources, translating complex technical information into actionable insights for leadership becomes a daunting task.

Exposure Management: A Proactive Solution

The traditional focus on responding to and recovering from cyber incidents is gradually giving way to a more proactive stance. Organisations are now prioritising prevention by addressing the shortcomings of reactive threat detection. Exposure management offers a solution by integrating security visibility, insight, and action across the entire attack surface. This approach not only protects various assetsโ€”from IT to OT and the cloudโ€”but also provides business and security leaders with the clarity needed to answer a vital question: “Are we exposed, and are we at risk?”

Preventing Fragmentation

Scattered products and siloed views have left organisations struggling to hold back threats across a fragmented attack surface. Exposure management addresses the issue of siloed views by providing a holistic perspective on the organisationโ€™s security environment. Instead of relying on a disjointed collection of tools, exposure management platforms integrate various data sources into a single, unified system. This comprehensive view gives organisations a single, unified view of risk truth across all types of assets and attack pathways. It connects the dots between the lethal relationships that span solution silos, rapidly finding and fixing the priority exposures that drive up business risk.

Overcoming Data Overload

A key challenge in cybersecurity is the overwhelming volume of data generated by multiple tools. Exposure management tackles this issue by contextualising data, filtering out noise, and highlighting the most critical risks. This allows security teams to focus on the vulnerabilities that matter most, rather than being bogged down by irrelevant or low-priority alerts. By prioritising risks, exposure management platforms empower teams to make faster, more informed decisions.

Risk Management Cuts Insurance Premiums

The financial implications of robust cybersecurity measures extend beyond direct cost savings and operational efficiencies. A recent Tenable survey revealed that 44% of cybersecurity and IT leaders observed a remarkable reduction in insurance premiums, ranging from 5% to 15%, following the implementation of proactive risk management strategies. This statistic not only underscores the financial benefits of such programs but also highlights the broader impact of preventive cybersecurity practices.

Cyber risk cannot be managed with divided security strategies and fragmented solutions. As threats continue to escalate and evolve, organisations must urgently adopt exposure management as a key strategy to unify their threat detection and response efforts. The challenges of relying on disjointed solutions are significant and dangerous, but they can be overcome by taking a proactive approach to exposure management. Failure to do so leaves organisations vulnerable, while embracing this strategy strengthens security posture, improves communication, and provides better protection against the relentless surge of cyber threats.

 

Scott McKinnel
As country manager for ANZ at Tenable, Scott is responsible for expanding the companyโ€™s presence in the enterprise security market and spearheading strategic initiatives that are instrumental to Tenableโ€™s continued growth. A seasoned veteran with over 25 years in the technology sector, Scottโ€™s cybersecurity and operational experience plays a significant role in helping organizations understand their security posture in the evolving threat landscape.
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