MIT Sloan’s cybersecurity research team reveal five effective practices to make cybersecurity a way of life
In May 2017, a malicious cyberattack brought a large part of the UK’s National Health Service to its knees. Two years on, one would hope organizations large and small had got the message and cyber defences were winning the battle. Sadly, a recent report from the insurers Hiscox suggests otherwise.
The firm surveyed more than 5,400 SMEs and large businesses from the US, UK, Germany, Belgium, France, the Netherlands and Spain, and found that 60% of the firms reported one or more attacks – up from 45% in 2018. What is more, despite this, the insurer found the percentage of firms scoring top marks on cybersecurity had fallen.
In a recent article for the Wall Street Journal, Stuart Madnick, Founding Director of the Cybersecurity at MIT Sloan (CAMS), highlighted the growing danger from cybercrime and warned that the weakest link in the defence against it is people.
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Dates: Jul 16-17, 2019 and Nov 14-15, 2019 │Format: In-class study
Location: Cambridge, Massachusetts
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While too many companies assume cybersecurity is a technology issue, Madnick’s warning suggests otherwise. It is people that fall for ‘phishing’ scams (emails or messages asking for the reader to take some action, like download a file or click a link), people that send confidential files via email without password protection, download software not approved by the IT department, or share network passwords with colleagues.
Consequently, the key to building a cybersecure organization is to ensure the active engagement of non-technical managers and staff and to build a ‘cybersafe culture’ across the organization.
Madnick, his colleague, Dr. Keri Pearlson, and the Cybersecurity at MIT Sloan research team have interviewed many companies working towards just such a culture. Here are five of the approaches and actions that they have found most effective.
In an environment of rising cybercrime, in order to get ahead of the hackers, cybersafety best practices need to part of everyone’s daily work processes. Success stories should be highlighted and encouraged. Cybersafety effectiveness should be valued and expected of employees and incorporated explicitly into performance and bonus reviews, and, to be well managed, cybersafety levels need to be measured.
In other words, say the MIT Sloan experts, “Cybersecurity needs to be a way of life.”
MIT Sloan is uniquely positioned at the intersection of technology and business practice, and participants in our programs gain access to MIT’s distinctive blend of intellectual capital and practical, hands-on learning.