In September 2023, MGM Resorts International was hit by a massive cyberattack that caused $100 million in damages, highlighting the vulnerability of traditional cybersecurity approaches that focus on fortifying network perimeters. Dr. Jaushin Lee, founder and CEO of Zentera Systems, emphasizes the need for organizations to shift from a reactive cybersecurity posture to a proactive and comprehensive one by identifying valuable digital assets, assessing vulnerabilities, and implementing measures to mitigate risks.
Many cybersecurity programs face challenges such as misalignment with strategic objectives and operational realities. Dr. Lee points out factors that hold back cybersecurity evolution, such as a ticket-based approach to IT operations, a failure to go beyond basic security principles, and a lack of balance between security controls and operational productivity. However, organizations can overcome these challenges by adopting a more robust, proactive cybersecurity approach.
To enhance cybersecurity posture, organizations should expand their incident response strategy, devise tailored protections for critical assets, back up critical assets, validate resilience, identify assets to protect based on criticality, strengthen segmentation, enable adaptive controls, remain agile, and secure stakeholder buy-in. These elements, derived from Dr. Lee’s industry experience, can help organizations better defend against cyber threats and ensure business continuity.
Looking ahead, Dr. Lee emphasizes the importance of taking a proactive and resilient approach to cybersecurity by prioritizing strategic cybersecurity controls, focusing on defense in depth, and engaging stakeholders across the organization. By investing in initiatives that promote a deeper understanding of cybersecurity risks and challenges, businesses can not only address current threats but also prepare for future opportunities in the evolving cyber landscape. With a proactive mindset and strategic investments in cybersecurity, organizations can navigate the growing cyber threats of today and be well-prepared for tomorrow’s challenges.
