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Business Management Review | Tuesday, January 04, 2022
Machine learning(ML) and Artificial intelligence have made data entry and collection an easy task. However, many sophisticated networks and devices like IoT (Internet of Things), SaaS, cloud-based workloads, and more are accessible to cyber threats and attacks. The idea of cyber attacks and hacking concerns the different business industries to create a universal cybersecurity management framework.
The cybersecurity management framework requires the coordination of efforts through an information system:
APPLICATION SECURITY
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Security in software, hardware, and procedural methods is needed to protect applications from external threats.
Disaster Recovery Plan (DRP)
DRP is a documented and structured method with instructions for responding to unplanned cyber threats or incidents.
DRP is a step-by-step process in minimizing the threats with a recovery strategy considering problems like data, different technology services or network systems, budget planning, management’s position on cyber risks, and more.
Operational Security (OPSEC)
OPSEC is an analytical process that organizes and determines information assets and controls necessary data assets for protection.
Network security and end-user education are the other two cybersecurity measures for managing company data and information from breaches like ransomware, malware, etc.
Cybersecurity management frameworks always protect the business mission and objectives and align with preferences like monitoring and analysing company data systems (applications, networks, servers, data storage, etc.).
As a result of using and implementing a cybersecurity management framework, the investments in cybersecurity technologies and services are increasing. Based on an industrial source, worldwide spending on information security products and services would reach $83.4 billion, a 7% increase from 2016.
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