Threats to Cyber Security

A meeting of European telecommunications ministers is being held in Paris this week to discuss cyber and technology strategy in light of the war in Ukraine. One proposal being discussed is that 10% or more of both public and private sector IT budgets should be dedicated to security.

With this in mind, we have reproduced this advice from the University of St. Gallen Executive School of Management Technology and Law’s VISTA blog—followed by details of a forthcoming program being run online in May:

The expert’s tip: cyber security is an investment

Since the pandemic, the number of cyber-attacks has soared. Remote working, WFH, unsecured networks and internet connections, digitalization that is not oriented towards cyber security, and primarily employees’ improper behaviour are constantly throwing the doors wide open to cyber criminals. Samir Aliyev from the University of St. Gallen is convinced of this. “Cyber security is the main issue for many firms,” he continues. “We think and act in a way that is insufficiently focused on cyber security and are unaware that cyber security is an investment and an important market competence in an environment characterized by fierce competition.” He advises executive staff to take this issue seriously and arm themselves with the requisite weaponry. “Draw up a strategy to counter the danger of cyber risks before it is too late.” There is also the option of taking out insurance cover against cyber-attacks. Samir Aliyev thinks this is a good idea, too, for such an attack can soon cost a great deal of money or even result in the company going bankrupt.

Cyber Security for Leaders – Executive Program

The constantly evolving nature of cyber-attacks is the most problematic element of digitalization. To mitigate the risk of attacks, organizational leaders need to adopt a holistic cyber security strategy and implement risk mitigation plans that considers the latest technologies, expertise of people, processes, and procedures.

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Join St Gallen’s five-day ‘Cyber Security for Leaders’ program with Program Director Samir Aliyev

Dates: 18 May/25 May/1 June/8 June/14 June      Format: Online

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This Cyber Security for Leaders one-week program provides you a hands-on and non-technical approach to this topic. One of the goals is to provide both an overview and a detailed understanding of how to recognize and manage cybersecurity threats. The program’s further learning objectives are to explain how to identify and mitigate security risks to an organization’s network, system, and data, as well as how to respond to a cyberattack. Professionals will be able to gain knowledge and abilities necessary to safeguard the integrity and authenticity of their organization, and they will learn how to design and implement a cyber security risk mitigation plan.