Vanguard Magazine

CYBER CYBERSECURITY COMES OF AGE BY SAJITH NAIR 32 JUNE/JULY 2021 www.vanguardcanada.com At a glance • Accelerated digitization will continue to be one of the key impacts of COVID-19, but as new business models interact with new technologies, cybersecurity strategies across industries, including defence security, will need to shi to meet changing demands. • As organizations digitize, getting the most value out of every cyber dollar spent will become even more critical, not just because of our current economic climate, but also because every new digital process can become a vulnerability for cyberattack. • In the next year, many organizations, including those in defence and security, will increase cyber budgets and add full-time cyber personnel, and they're looking for a mix of so skills, such as critical thinking and communication, and technical skills, such as familiarity with cloud solutions. A LOOK AT CANADIAN DIGITAL TRUST INSIGHTS 2021 J ust decades after coming out from under IT's wing, the cy- bersecurity profession has ma- tured. Cyber teams are now armed with the insight and fore- sight only experience can provide. And the timing couldn't be better, as many of the industries, organizations and people they serve are at a pivotal moment. The findings from PwC's Global Digital Trust Insights 2021 survey of more than 3,000 business and technology executives around the world, tell us what's changing and what's next in cybersecurity. In brief, organizations' expectations of their security leaders continue to rise. No longer focused just on technology, al- though it's very much in the picture, cy- ber's real role now and into the future will be strengthening and increasing the resil- ience of their organizations. 1 Reset your cyber strategy 2 Rethink your cyber budget 3 Level the playing field with attackers 4 Build resilience for any scenario 5 Future-proof your security team 1. Reset your cyber strategy The survey found that 44 per cent of Cana- dian respondents (40 per cent globally) say they expect accelerated digitization to be a likely outcome of COVID-19. Many are taking on business strategies they hadn't imagined before, including new markets, new business models, remote working and automation. And 15 per cent of Canadian respondents (21 per cent globally) are changing their core business model and redefining their organizations. What's the primary aspiration for your enterprise-wide, tech-driven business transformation or major digital initiatives?

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