5 principles for security leaders
One of the time-worn challenges of leadership in cyber security is balancing making proactive improvements to security with short term knee-jerk reaction to events. We often see tactical considerations divert attention from tackling longer term strategic issues. But with the COVID-19 pandemic, there's been a hard reset.
Business leaders have rightly focused on remaining resilient through operational and financial pressures. Only now are some clients taking the time to step back and ask — what does the new reality look like over the coming months and next few years, and how do I prepare for it?
The dust is still settling. But some major themes are emerging. We're already seeing rapid expansions of digital commerce channels as consumer behaviors shift dramatically.
Enterprises will have to evolve. Working to improve their supply chain resilience, adapt to geopolitical challenges and tensions impacting the global market and adjust to new labor force models and working practices. They'll have to do all of that in the face of a seismic shock to the global economy and, for many sectors, ongoing liquidity and debt challenges.
The pandemic has also shone a light on the resilience of our businesses as companies struggle to pull together a country-level approach that links together cyber security, technology resilience, people, supply chain and property issues — while also focusing on what really matters to the business — critical assets and services. In the wider ecosystem, the pandemic has outlined the need for greater cooperation and collaboration across both public and private domains, as we all tackle the challenges of COVID-19, including ruthless entrepreneurial cyber criminals who exploit the situation for gain.
KPMG professionals have been working with the World Economic Forum's Center for Cyber Security on these challenges, helping put together a set of five principles to help cyber security leaders prepare for the new landscape. The paper by the WEF, which outlines these principles in more detail, is a collective effort across the WEF C4C's public and private partners to help clients get through this digital phase shift and transition into the new reality.
Balancing tactics and strategy has never been harder than it is now. This pandemic has been unique in living memory, and certainly during the period that cyber has been part of enterprise leadership consciousness.
Now is the time to think about whether we should do things differently, going forward.
If you have any questions or would like additional advice, please contact us.
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