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Cybersecurity Becoming a Higher Priority for U.S. Businesses

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Cybersecurity: A hot topic

The theme of increased cybersecurity throughout the U.S. is an amplified topic of discussion for businesses. Cybersecurity is even a hot topic on the presidential campaign trail this year. Yet, when looking at cybersecurity as a priority within companies, where cybersecurity ranks as a priority often varies widely.

Realigning priorities

Bay Dynamics and Osterman Research recently joined forces and conducted a survey of board members of large U.S. companies. According to the survey, hackers now use increasingly sophisticated tactics to invade and gain unauthorized access to company’s data.

The survey also outlined how companies are prioritizing cybersecurity alongside legal, financial, regulatory, and even competitive risk.

Changing the culture

Often, in order to protect an organization from cyber attacks, the current culture must change to ensure that measures become reality. Board members, and those who make the decisions and set company agenda and goals, must maintain the same belief that these types of threats are of great concern.

In 2014, a survey showed that only seven percent of board members considered cyber-related risk to be a high priority. In the Bay Dynamics and Osterman Research survey conducted this year, this number rose drastically to 30 percent. And that number could reach 44 percent by 2018.

Driving force

According to the survey, there are two top driving forces for why companies recently increased focus on cybersecurity.

One is recent intrusions of companies around the country. Breaches of companies IT systems can be seen in the news increasingly throughout the past several years. Examples include the 2014 intrusion of personal information from Target databases and the 2013 illegal access to background information held by the Office of Personnel Management.

The number one driver for change, however, has been the attempt to meet regulatory requirements. Ryan Stolte, co-founder and CTO at By Dynamics, stated that he was uplifted to see that board members are taking regulations and frameworks seriously and are attempting to implement them, rather than being driven by fear.

Adam Herndon Adam served ten years in the United States Army primarily in the Operations and Physical Security realm. His tour allowed him to serve in the DC Metro area as the Operations for a Military Police Company and a Sniper/Observer team member for the Military District of Washington's Special Reaction Team, Hawaii as Operations for a Brigade Combat Team, and Fort Leavenworth as the Operations for the Department of Emergency Services as well as a Physical Security Specialist. Adam now works for the University of Foreign Military and Cultural Studies, where Critical Thinking and Group Think Mitigation are taught in hopes of bettering the decision making process and the development of better plans and ideas.