Today’s commercial world requires businesses to use a broad range of technology and IT equipment, the Internet, as well as mobile devices for conducting commercial. Hence, it is usual that with the increasing use of expertise and high-tech resolutions, virtually 8 out of every 10 businesses today have faced a cyber breach at some point of time or the other. Thus, there is a growing need for your commercial to learn to be cyber buoyant, manage these hazards and protect your commercial. When you think of a cyber-attack, you need to look at it with a holistic view, which comprises loss of revenue, downtime, the cost of retrieval and getting back online, loss of reputation, and legal consequences due to private data leakage. In this blog, we discussed some simple and easy ways to prevent unnecessary cyber risks and avoid human errors that can lead to attacks on your company.
Cyber-attacks can significantly hamper commercial operations as businesses greatly rely on technology, social media, and the Internet to manage costs and maintain a competitive advantage. Being cyber resilient can help a company prevent loss of revenues, commercial downtime, several unforeseen costs, and legal liabilities that come bundled with a cyber breach.
Businesses, whether small or large or of any industry, can become a target of a cyber-attack. It is thus imperative that commercials take preventative measures and adopt a serious approach to cyber security to help minimize risk. Efficient cyber resilience can enhance your commercial’ reputation, its brand image, protect from losses and much more. Read the full story.
Different Faces of Cyber Threats
Cyber and data security breaches are carried out with a malicious intent by the attackers. In fact, the main causes of a data breach may be a malicious or criminal attack, system glitch, or even a human error.
However, commercials, as well as employees, need to understand that whatever causes the breach, there is a strong need for cyber resilience, as the ramifications of such cyber-attacks and breaches can be broad and very costly.
Some of the main categories of cybercrime are:
Distributed Denial of Service attacks (DDoS)
Intellectual property/confidential data theft
Unauthorized network access by outsiders/employees
Virus or malicious software infection
Advanced Persistent Threats (APTs)
IBM has launched a range of new machine learning-based security tools that it says can help firms identify and fight off cyber-attacks.
The company has unveiled its next-generation Resilient Incident Response Platform with ‘Intelligent Orchestration’, which is aimed at helping enterprises respond to breaches more quickly and effectively.
From a single platform, businesses can access case incident management, orchestration, automation, intelligence, and “deep two-way partnership” features, alleged IBM in an announcement.
Big Blue alleged its experts spent around 200,000 hours in research and development to create the software.
Manage User Privileges and Media Controls:
It is imperative that you control the user access and limit them appropriately while monitoring their activity diligently. It is also important that you control and limit the users’ administrative capabilities for systems and social footprints. A basic ground rule to follow is that the fewer the people who have access to sensitive information, the better. Also, you should control access to removable media. It is crucial that before importing any removable media onto your system, you scan it to check for malware.
Detecting advanced threats
In a bid to combine machine and human intelligence, the firm has also launched X-Force Threat Management Services, a new artificial intelligence-driven solution that automates threat detection.
Thanks to its three AI engines, the software can analyse new threats by comparing them to 600,000 historical use cases.
According to IBM, the software “can help automate certain steps in the threat management process, which would normally require human intervention”.
Tackling complex threats
IBM takes the view that AI and machine learning technologies should be combined with human knowledge to tackle complex issues, rather than simply automate or replace human tasks.
In this case, the company is combining machine and human intelligence to “work together in highly complex environments” and “solve” sophisticated cybersecurity threats, it alleged.
The company’s security arm, IBM Security, alleged the new solutions “provide the full context of the incident”, which means that humans can “focus on complex and priority threats”.
Changing every industry
Marc van Zadelhoff, general manager of the firm, believes that businesses can achieve more if they encourage their employees to work with AI tools. “The collaboration between humans and intelligent machines is going to affect every industry,” he alleged.
“In security, we see this manifesting itself first in the security operations centre where the data only keeps growing. Businesses have an opportunity with breakthroughs like AI for active threat management and Intelligent Orchestration to rewire incident response procedures for the age of intelligence.”
The announcements come as IBM releases a report, with research from Harris Poll, which examines how consumers feel about data privacy.
In the UK segment of the report, 84 percent of customers alleged that lackluster security daunts them from buying some businesses’ products, and 83 percent of them expect the government to do more to regulate these firms.
By using its new AI and machine learning security solutions, the firm hopes that clients can implement better safeguards to stop hackers from preying on their customers and products.
“Increasingly, we are seeing businesses around the world trying to poise providing personalised amenities to consumers, while maintaining privacy,” added John Kelly, senior vice president of Intellectual Solutions at IBM.
• In IBM’s Q1 2018 results, its Cognitive Solutions revenue was $4.3 billion, up two percent year on year in constant currency.
Internet of Commercial says
IBM’s recent focus has been on the critical mix of cognitive services and enterprise security. Speaking last year at the World Economic Forum in Davos, IBM chair and CEO Virginia Rometty stressed that AI and machine learning are about augmenting and complementing human ingenuity, not replacing it.
She alleged, “For us, the reason we call it ‘cognitive’ rather than ‘AI’ is that it is augmenting human intelligence – it will not be ‘Man or machine’. Whether it’s doctors, lawyers, call centre workers, it’s a very symbiotic relationship conversing with this technology. So, our purpose is to augment and to really be in service of what humans do.”
With the comprehensive choice of chances that Internet has opened for you also arises the risk of cyber-attacks. Invaders are on the lookout to try to steal your money, data, or even disturb your commercial. It is time to fight these attacks, as most of such cyber-attacks can be banned or detected with basic safety practices. Being assiduous about cyber security at the workplace as well as at home can make an enormous variance towards efficient cyber flexibility.