Topics In Demand
Notification
New

No notification found.

Path to Cyber Maturity: Importance of Cybersecurity Governance
Path to Cyber Maturity: Importance of Cybersecurity Governance

47

0

When it comes to ensuring cyber safety and resilience across organizations, there is no one- size-fits-all solution. Achieving cybersecurity maturity requires careful planning, prioritization, and coordination throughout the business. Although it may seem daunting, remember that developing a mature security program is a journey rather than a destination. It is a gradual process that involves creating a solid foundation and adapting to the constantly evolving threat and regulatory landscapes. Many organizations already have well-defined enterprise-level security policies that outline their approach to securing data and information systems. However, once these policies are endorsed by senior leadership and disseminated throughout the organization, significant cybersecurity governance challenges still exist. These challenges can be categorized into three fundamental areas:

Insufficient cybersecurity strategy and goals

Developing a long-term cybersecurity strategy is essential for organizations to maintain a strong risk management approach. Many companies struggle with this because they fail to understand the relationship between Cybersecurity risk and business operations

  • Identify their specific cybersecurity needs
  • Define the scope and objectives of the program
  • Allocate the necessary resources
  • Determine their risk appetite

A well-defined cybersecurity strategy forms the foundation for effective governance.

Lack of repeatable, standardized processes

Standardized business processes are crucial for the consistent management of risks throughout the organization. Without standardized processes, the cybersecurity governance program becomes ad-hoc and ineffective, increasing the vulnerability of an organization to cyber threats. Establishing clear protocols and procedures that are consistently followed ensures a cohesive and efficient approach to cybersecurity.

Deficiency in resources, enforcement, oversight, and accountability

Adequate resources are vital for establishing a strong governance model and an effective security program aligned with the organization's cybersecurity strategy and goals. However, talent shortages, limited funding, and poor resource planning often create challenges in this regard. Additionally, lacking senior leadership support can undermine risk management and governance efforts. Organizations must enforce governance measures and foster accountability across all levels to ensure the program's success.

Therefore, thoughtful cybersecurity governance can enable organizations to align IT strategies with business objectives, establish effective oversight mechanisms, integrate risk and control activities, and optimize resources for streamlined business and auditing processes.

To establish effective cybersecurity governance, organizations can adopt a risk management approach that divides responsibilities into three lines of defense:

  • The first line of defense involves individuals responsible for operational aspects of cyber risk, such as business processes, technical monitoring of IT systems, incident detection and avoidance, risk analysis, vulnerability assessment, and tool monitoring. They act as a point of contact between the first and second lines.
  • The second line of defense consists of managerial roles responsible for internal cyber risk management and legal compliance. This line defines policies, processes, and standards, and monitors the actions of the first line of defense. Key roles within the second line include the Chief Information Security Officer (CISO) and Data Protection Officer (DPO).
  • The third line of defense comprises internal and external auditing, which independently validates the first and second lines of defense. High-level management typically conducts this validation every six months or annually.

By leveraging these three lines of defense, organizations can collaboratively establish robust IT security governance policies and procedures. This collaborative effort aims to effectively detect, prevent, and respond to cyber incidents, thereby minimizing potential damage. Implementing cybersecurity governance based on this framework provides a strong foundation for risk management practices within an organization.


That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.


images
Aashish Kumar Goela
Associate Manager – Operations

GRAMAX Cybersec, a subsidiary of the GMR Group, has been founded with the goal of becoming a trusted partner for customers across multiple business verticals by leveraging the diverse experience of managing cybersecurity for critical infrastructure such as airports, power, and utilities. GRAMAX’s mission is to provide a comprehensive cybersecurity solutions and services offering that fosters “Trusted, Secure Partnerships” with customers and business partners in order to drive productivity, efficiency, and agility. GRAMAX is in a unique industry position to leverage GMR Group’s cross-functional expertise, which ensures security with professional manpower, techno security, and specialised services to address organisations’ comprehensive end-to-end security requirements. We strive to create the best environment for our customers to partner with us in securing their enterprise and protecting against any cyber or physical threat using our driving values “P.E.A.R.L” - Partnerships, Expertise

© Copyright nasscom. All Rights Reserved.