{"id":46897,"date":"2022-05-31T00:00:00","date_gmt":"2022-05-31T00:00:00","guid":{"rendered":"urn:uuid:89f4cf1d-fa5e-dfdd-60dd-1c4f865753ff"},"modified":"2022-05-31T00:00:00","modified_gmt":"2022-05-31T00:00:00","slug":"managing-cyber-risk-the-people-element","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/managing-cyber-risk-the-people-element\/","title":{"rendered":"Managing Cyber Risk: The People Element"},"content":{"rendered":"

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Blink and it seems a new ransomware group has taken an enterprise hostage. With ransomware and other cyber threats evolving and the attack surface constantly expanding<\/a>, CISOs and security leaders are acutely aware of the need to minimize risk across people, processes, and technology. Trend Micro\u2019s Jon Clay, VP of threat intelligence and Ed Cabrera, chief cybersecurity officer, discuss the importance of addressing the people element of security to minimize cyber risk.<\/p>\n

Top infrastructure risk: people<\/span><\/p>\n

It\u2019s common knowledge that it\u2019s not if but when your organization will be the target of a cyberattack. CISOs and security leaders seem to share the same opinion\u2014according to Trend Micro\u2019s latest Cyber Risk Index (2H\u20192021)<\/a>, 76% of 3,400 respondents across four global regions said its very likely they will experience a cyberattack in the next 12 months.<\/p>\n

It\u2019s important to note that while ideal, avoiding a cyberattack isn\u2019t the main goal\u2014companies need to address critical challenges across their growing digital attack surface to enable faster detection and response, therefore minimizing cyber risk.<\/p>\n

It’s commonly assumed that security efforts should be largely focused on protecting critical servers and infrastructure, and while this is certainly important, the human attack vector shouldn\u2019t be so quickly forgotten.<\/p>\n

The Cyber Risk Index (2H\u20192021) also found that CISOs, IT practitioners, and managers identified \u201cmobile\/remote employees\u201d as the top infrastructure risk; \u201ccloud computing infrastructure and providers\u201d came second.<\/p>\n

In a recent discussion, Trend Micro\u2019s Jon Clay, VP of threat intelligence, and Ed Cabrera, chief cybersecurity officer, dig into the report\u2019s findings and discuss strategies to better manage people to minimize cyber risk.<\/p>\n

Managing people to manage cyber risk<\/span><\/p>\n

Security leaders have good reason to be concerned about the risk mobile\/remote employees pose to their infrastructure.<\/p>\n

\u201cThe people part of the equation is overlooked so much,\u201d Cabrera said, \u201cYou can look at any breach out there\u2026and you see people and the breakdown possibly of someone either being exposed to a social engineering attack, be it phishing or smishing.\u201d<\/p>\n

With remote\/hybrid employees accessing applications, networks, and servers via the cloud, oftentimes from multiple devices sharing an unsecure home network, enterprises are rightfully concerned with risk exposure. Factor in the dramatic 65% increase in business email compromise (BEC) scams<\/a> since 2019, it\u2019s paramount to secure the human attack vector to prevent malicious actors from accessing critical infrastructure.<\/p>\n

Cabrera also noted that people are involved from a vulnerability standpoint as well. Even if an employee doesn\u2019t physically click a malicious URL, there is a people component when it comes to proper vulnerability management. For example, are security personnel staying informed of the latest tactics, techniques, and procedures (TTPs) of prominent threat actors? Are they trained to optimize the security stack for investigation, detection, and response?<\/p>\n

Evidently, managing people should go beyond user awareness training regarding business email compromise (BEC) scams, phishing, smishing, etc. CISOs and security leaders must also ensure they have the right teams within their cybersecurity program with the right skill sets and that those skills are properly maintained as threats evolve.<\/p>\n

However, hiring the right staff can be challenging due a growing cybersecurity workforce gap<\/a> and the fact that some enterprises may not have the resources to recruit a large team. Choosing a vendor that offers managed services is an effective way to augment teams while maximizing security posture.<\/p>\n

Beyond general cyber hygiene, skills training, or leveraging managed services, Cabrera suggests drilling down into processes since it\u2019s \u201cpeople that actually create and manage these processes.\u201d<\/p>\n

Enhancing cybersecurity processes<\/span><\/p>\n

After establishing a strong security team, the focus should shift to cementing processes that keep people in check. This is especially crucial with remote\/hybrid workforces<\/a>; with users more widespread and left to their own devices (pun intended), it can be challenging to know who you need to secure. As the adage goes: \u201cyou can\u2019t stop what you can\u2019t see.\u201d<\/p>\n

To identify the users within your network, you\u2019re essentially identifying the attack surface<\/a> according to Cabrera. After security teams have achieved comprehensive visibility across the attack surface, they can establish processes to manage and monitor users\u2019 identities by deploying a zero trust model<\/a>.<\/p>\n

Leveraging a zero trust approach ensures that access is validated and continuously monitored for suspicious activity to prevent cybercriminals from using legitimate credentials to move undetected across the network.<\/p>\n

Cabrera suggests taking a risk-based approach to security is more effective than a compliance-based approach.<\/p>\n

\u201cCompliance is the starting line,\u201d Cabrera said, \u201cIn other words, you\u2019re not just thinking about \u2018hey, what are we doing about compliance?\u2019 We need to identify that risk\u2026what are the basic elements of that risk. So, we can actually mitigate it before it gets out of control or to make it more manageable.\u201d<\/p>\n

Next steps<\/span><\/p>\n

Now that we\u2019ve covered how to effectively manage people and processes, CISOs and security leaders need to consider that even the best and well-intended teams can come up short if the right security technology isn\u2019t in place.<\/p>\n

Look for a unified cybersecurity platform like Trend Micro One<\/a> that is designed to help security teams better understand, communicate, and mitigate cyber risk across the enterprise. Its capabilities and features, like automation, third-party integrations, customizable APIs, detailed reports and risk insights, were purposefully created to simplify security for users while maximizing protection.<\/p>\n

To learn more about managing and minimizing cyber risk as well as the benefits of leveraging a unified cybersecurity platform, check out these resources:<\/p>\n

Read More HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Explore the latest findings from Trend Micro\u2019s Cyber Risk Index (2H\u20192021) and how to better manage people to minimize cyber risk across the digital attack surface. Read More HERE…<\/p>\n","protected":false},"author":2,"featured_media":46898,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[61],"tags":[9528,9549,9550,9527,9529,9660],"class_list":["post-46897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trendmicro","tag-trend-micro-ciso-article","tag-trend-micro-ciso-cloud","tag-trend-micro-ciso-detection-and-response","tag-trend-micro-ciso-expert-perspective","tag-trend-micro-ciso-risk-management","tag-trend-micro-ciso-skills-gap"],"yoast_head":"\nManaging Cyber Risk: The People Element 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security & Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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