Risk and innovation dance in cybersecurity’s tightrope

March 22, 2024
1 min read


TLDR:

  • Successful cybersecurity requires balancing innovation with risk assessment.
  • Strategies shared at Africa CISO Summit include security by design, regular risk assessments, cyber awareness education, addressing business outcomes, leveraging emerging security capabilities, being adaptive, and fostering collaboration.

During the Africa CISO Summit, Celia Mantshiyane, Chief Information Security Officer of MTN South Africa, highlighted key strategies for organizations to balance risk and innovation in cybersecurity. These strategies include:

Implementing security by design from the beginning and embedding security into the innovation process.

Continuously assessing risks associated with new technologies and understanding their impact on existing business systems through regular evaluations.

Raising cyber awareness education across different stakeholders in organizations to empower them.

Addressing business outcomes using business metrics for senior decision-makers and boards to emphasize the tangible benefits of cybersecurity measures.

Leveraging emerging technologies like AI, IoT, and blockchain to enhance cybersecurity defenses.

Adapting cybersecurity strategies as innovation evolves by adopting an adaptive mindset and continuously monitoring and adjusting security measures.

Fostering collaboration between security teams and innovators to achieve common goals.

Overall, a balanced approach to cybersecurity that incorporates technology solutions, policies, procedures, and human factors is essential for organizations to effectively navigate the ever-changing cybersecurity landscape and safeguard their assets.


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