Cybersecurity: The Insights You Need from Harvard Business Review.
So let’s start with the end in mind to avoid all misunderstandings: this is targeted to every leader and board member regardless of market or industry. They simply must fully comprehend why cybersecurity has been and always will be an ongoing risk.
This is a well written, high level and most importantly a non-technical overview of cybersecurity. This risk can no longer be overlooked by organizations and delegated like it was 1994. Today more than ever before cybersecurity impacts your bottom line, including non-technology based organizations.
And in 2024 we can simply cut to the chase. If your organization’s cybersecurity service is not AI based, it is time to pivot to a vendor that deploys machine learning services to protect your organization, your data and most importantly, your customer data. Just query your insurance carrier for a list of approved vendors that deploy AI cybersecurity services. For the most part the pandemic made this pivot mandatory.
In fact, cyber risk management can no longer be isolated to your organization’s CIO and CISO. This is simply an organization-wide issue. Today every organization’s technology services group have become the key component for organizational success.
IT is changing
This book does provide for IT teams a realization that your team’s workflows and communications must move wider and deeper across your organization. And make it transparent. The current state of cybersecurity requires IT to collaborate closely with Legal, Risk Management, and Finance leaders to re-define risk and solidify in 2024 what is most important to your workflows.
Business is changing
Will your organization adapt or be left behind? There are good lessons for readers to learn. Perhaps the most important: we all have biases but when it comes to cybersecurity avoid them. Today it is clear that organizational leaders are not understand cyber risk management. The focus must be risk management rather than on risk mitigation. In addition, the advice is solid: major threats are not technological, but rather they are human behavior. Every organization’s employees are in fact the weakest link when it comes to threats. However with training and education your colleagues can in fact become your organization’s most important defense when policies are well crafted.
Financial cost of attacks
The financial impact of cyber attacks continue to rise. Today insurance underwriters are dropping policies when organization fail to fully attest to required controls within their coverage. All of a sudden the attack becomes a multi-million dollar expense. This has in fact resulted in companies closing their business and laying off employees.
So, how is your organization avoiding the pitfalls of Gen AI data privacy, bias, and misinformation? Has your organization adopted guidelines to deploy Gen AI tools? And most importantly, what new value will Gen AI bring to your organization?
In conclusion, HBR’s Generative AI is a short valuable resource for everyone. Organizational leaders take note: start with the last three chapters to avoid the growing number of failed AI deployments since the launch of Gen AI.