When we leave the office and close the door behind us, what is one of our main priorities? To lock the door and enable the alarm. What is the last thing you do before you go to bed? You lock the front door. Imagine leaving the office unlocked on purpose or sleeping with your front door wide open. Doesn’t make much sense now, does it?
Cybersecurity and locking your front door can easily be compared. With cybersecurity, the goal is to “lock your door” and block as many intrusions as possible.
Protect your data
2019 set the record for number of data breaches. According to a recent report, the number of breaches increased by 54% compared to the same time last year.
Regardless of the size of your organization, it can be affected by data breaches due to lack of awareness and lack of capability to invest in protecting data. In a world that becomes increasingly digital, data has become an essential aspect of many organizations. Simultaneously, protecting our data has become a crucial task.
But how can we protect ourselves and our organization from cyberattacks? Cybersecurity strategies are frequently discussed across boardrooms and the goal is clear: create a bulletproof cybersecurity risk management plan.
Cybersecure IoT in Danish Industry
As cyberattacks have become a more integrated part of both office lives, many organizations’ security concerns overshadows the numerous benefits that storing your data in the cloud can provide.
Being a company that develops IoT solutions, we discuss cybersecurity daily. We want to ensure that our customers feel safe and secure when using our solutions. Thus, we have already implemented a strong variety of safety mechanisms.
However, when it comes cybersecurity, you can never rest on your laurels. Therefore, in order to strengthen our security even more, we decided to team up with the Alexandra Institute. The Alexandra Institute is a Danish non-profit company that helps public and private organizations apply cutting-edge IT research and technology.
Together with the Danish Industry Foundation and other partners, the Alexandra Institute has commissioned a project: CIDI – Cybersecure IoT in Danish Industry. The purpose of CIDI is to help Danish companies put IoT security on the strategic agenda to gain (and maintain) competitive advantage.
In our opinion, CIDI is a unique opportunity to get advice on how to strengthen your IoT security. Although we have strong skills internally to bulletproof our security, we would not let this golden opportunity pass us by.
Our approach to cybersecurity
The Alexandra Institute analyzed our IoT solutions based on an assessment of risks. Possible scenarios of attacks were analyzed and calculated according to a risk assessment model. This model calculated the attacks based on how probable the institute assessed them to be: Very low, low, medium, high, and lastly, very high.
The result of the analysis was an in-depth report. In this report, the Alexandra Institute provided us with an assessment of each individual possible attack (for instance how scalable the attack is) and a description of the various safety mechanisms we have already implemented to prevent such attacks. The Alexandra Institute concluded their report with their recommendations. The purpose of these was to either reduce the probability, scalability or the consequences.
The report made by the Alexandra Institute has provided us with a valuable understanding of how to further improve our cyber security. It has enabled us to create a cybersecurity risk management plan in which any possible attack is counted for. We have assessed our risk, implemented the appropriate technical tools and put the right procedures and training in place for our team.
This is the approach we have chosen to take to increase our cybersecurity. There are many ways to do it, and our way might not apply to you. How you choose to approach your cybersecurity is up to you.
The fear of cyberattacks lurks in the background within many organizations. The best way to get peace is by taking an active approach and do something about it. By implementing a cybersecurity risk management plan, you will be able to limit the damages caused by a potential cyberattack.
If you want to know more about our cybersecurity process, feel free to reach out.
- The Alexandra Institute: Strategic initiative to boost cybersecurity in Danish IoT products
- RiskBased Security: 2019 on track to being the “worst year on record” for breach activity