The document discusses the critical relationship between cyber security and digital transformation, highlighting that businesses must consider security from the start of transformation initiatives to avoid significant risks. It outlines the rising costs of data breaches, challenges faced by cyber security teams, and emerging threats associated with rapid technological changes. Recommendations include aligning security strategies with business goals, adopting secure-by-design principles, and fostering a secure culture within organizations.

1. Transforming your Security Team
Keeping Security relevant
amid Digital Transformation
WEBINAR

2. 2
M.Sc., B.Sc.
A b o u t M e
RYAN MEEKS
MANAGER,
CYBER SECURITY SERVICES

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T H E
AGENDA
What is Digital Transformation?
Cyber Security & Digital
Transformation
Cost of Security Breaches
Cyber Security Threats
Aligning Cyber Security with
Digital Transformation

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DIGITAL TRANSFORMATION
▪ Digital Transformation is centered around the implementation of new technologies, talent,
and processes to improve business operations and satisfy customers
▪ The pandemic and the rapid evolution of technology has increased the need for digital
transformation. Companies now need to transform to remain competitive and profitable.

5. Cyber Security
& Digital
Transformation
Cost of Security
Breaches
Cyber Security
Threats
Aligning Cyber
Security with
Digital
Transformation
HOW DOES CYBER SECURITY PLAY A PART
IN DIGITAL TRANSFORMATION?

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CYBER SECURITY & DIGITAL TRANSFORMATION
▪ IOT devices and cloud technologies are on a rapid rise which means the internet presence is
increasing and this means more sophisticated ways for individuals to attack.
▪ A common mistake during digital transformation initiatives is leaving security as an
afterthought which can introduce new risks into the business which inadvertently creates
weaknesses that can be exploited by cybercriminal

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CYBER SECURITY &
DIGITAL TRANSFORMATION
▪ According to EY’s Global Information Security Survey 2021
more than 1,000 senior cybersecurity leaders were grappling
with inadequate budgets, struggling with regulatory
fragmentation, and failing to find common ground with the
functions that need them the most.
▪ In other words, many cybersecurity teams are working
for the business, rather than in the business. If security
continues to be an afterthought, companies are always
going to be behind the threat.

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CYBER SECURITY &
DIGITAL TRANSFORMATION
Only 19% of cybersecurity
teams are involved in at the
start of new business
initiatives.
19%

9. Cybersecurity &
Digital
Transformation
Cost of Security
Breaches
Cyber Security
Threats
Aligning Cyber
Security with
Digital
Transformation
WHAT’S THE COST TO BUSINESSES?

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COST OF
SECURITY BREACHES
The average cost of a
data breach globally in
2020 is US$3.86 million,
according to a report
from IBM and the
Ponemon Institute.
The average cost of each
lost record is US$146.
Companies such as
British Airways
and Marriott had to pay
US$100 million extra in
fines after breach GDPR
requirements.

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COST OF
SECURITY BREACHES
Data breaches can be significant and Catastrophic. The impact includes:
▪ Increased customer turnover
▪ Lost revenue due to system downtime
▪ The increasing cost of acquiring new business due to diminished
reputation
▪ Reputational Damages
▪ Regulatory fines

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13. Cybersecurity &
Digital
Transformation
Cost of Security
Breaches
Cyber Security
Threats
Aligning Cyber
Security with
Digital
Transformation
HOW ARE CYBERCRIMINALS EXPLOITING
DIGITAL TRANSFORMATION

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CYBER THREATS
Transforming your business digitally
can introduce security flaws and
weaknesses into your systems
▪ Fast upgrades and deployments of technology
such as those seen through the COVID-19
pandemic can create problems such as cloud
misconfigurations.
▪ Credit card breaches and sensitive data storage
▪ Poorly secured remote access connection
▪ Botnet attack
▪ Shadow IT
▪ Limited resources

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CYBER THREATS
Emerging threats include:
• Infiltration of Internet of Things
(IoT) devices
• Artificial Intelligence (AI) as a
weapon
Traditional exploits:
• Ransomware
• Social engineering attack:
phishing, vishing, smishing
• Denial of service and
distributed denial of service
attacks
• Malicious Insider
• Human error/careless
employees
• System hacking
• Password attacks

16. Cybersecurity &
Digital
Transformation
Cost of Security
Breaches
Cyber Security
Threats
Aligning Cyber
Security with
Digital
Transformation
HOW TO ALIGN YOUR CYBER SECURITY
STRATEGIES WITH DIGITAL
TRANSFORMATION

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ALIGN
STRATEGIES
A cyber security strategy is a prerequisite for
successfully running a business. It aligns its actions
with the enterprise goals and ensures the right
balance between mitigating risk and enabling
business innovation.
Security Strategies:
▪ Secure-by-Design
▪ Balance customer experience & security
▪ Evaluate your security choices
▪ Conduct regular assessments
▪ Transform your team
▪ Building a secure culture

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SECURE-BY-
DESIGN
• Cybersecurity is a central consideration right
from the start of each new project.
• One such example of secure by design is
DevSecOps where security is integrated into
development and operational activities at every
phase.

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BALANCING
CUSTOMER
EXPERIENCE &
SECURITY
• A reasonable balance should be struck between
security and experience to ensure that the
customers are offered a seamless journey while
protecting the customers from exploitative
attackers.

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EVALUATE YOUR
CHOICE OF
SECURITY
SOLUTIONS WISELY
• Ensure that the solutions you choose to protect
your business are aligned to your strategy and
provide the protection you’ll need now and in the
future.
• Do not depend on a silver bullet.

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CONDUCT
REGULAR RISK
AND SECURITY
ASSESSMENTS
• Your business must carry out risk and security
assessments in order to identify risks and how
infrastructure and system changes can affect them.

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TRANSFORM
YOUR SECURITY
TEAM
• Equip staff members with the knowledge and
understanding of industry regulations and best
practices concerning cyber security.
• Investments should be made to acquire, train
and maintain talent in the cybersecurity space.
This will ensure that the company has access to
the competencies necessary to build and
maintain secure initiatives.

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BUILDING A
SECURE CULTURE
• Developing and sustaining an effective security
culture is an essential component of a protective
security regime and helps mitigate against a
range of threats that could cause physical,
reputational or financial damage to
organizations.
• Getting security culture right will help develop a
security conscious workforce and promote the
desired security behaviours you want from your
staff.

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CONSIDER
OUTSIDE SUPPORT
• Digital transformation can create new risks that
existing team members might not be experienced
enough at identifying and addressing.
• Seek the support of professionals. Short-term skills
can be acquired through outsourcing security
functions to a managed security service providers
(MSSPs) or Consulting Company.

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Cyber Security
Services
Transformation,
Assurance and
Compliance
HOW SYMPTAI CAN
SUPPORT YOU

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