State-of-the-Art in Cyber SecurityProtection Nowadays, numerous cyber-attacks posethreats to organizations, ranging from individuals working alone to highly organized well-funded teams capable of penetrating the most sophisticated cybersecurity systems, target individuals, corporate or state secrets. Cybersecurity today must include a rethinking of the nature of security, and a shift from an approach that stresses protecting vulnerable assets to one based upon strengthening assets, making them more resilient and part of a holistic cybersecurity process that delivers greater value to the enterprise.This document is an overview of the state-of-the-art in the economics of Privacy and Cyber-security (PACS).IT security products and services are a downstream market of the IT industry, because they enable the functioning, integrity and reliability of computing resources and IT systems.These emerging technologies are very broad and may encompass several different basic technologies or types of threats. These emerging technologies are expected to have a high penetration and high impact in the near future.Cybersecurity needs to be part of a larger value framework that includes both risk management and the development of digital trust. Digital trust is not a technology, nor a processâ€”itâ€™s an outcome exemplified by secure, transparent relationships and engagement between the enterprise and its employees, partners, and customers. Attainment of digital trust is driven by how information and data assets are both secured and used, and it helps keep a digital brand memorable and successful. But how can a company achieve digital trust in an environment where state-of-the-art technology and tactics are often at a disadvantage against adversaries engaged in asymmetrical cyber tactics? Organizations should focus not on technology state-of-the-art, but instead on state-of-the-art cybersecurity as an organizational mindsetâ€”one that continually evolves and adapts to counter changing threats. Attainment of digital trust requires a leadership-driven cybersecurity culture throughout the enterprise. And it requires a holistic security approach that results in shared â€œdigital trustâ€ and greater value for all stakeholders. Research shows a number of gaps that both cybersecurity professionals and business executives must close to build a successful digital enterprise in the trust-based economy. These gaps consist of deficiencies in five key areas: talent, technology (detection and response), organizational parity, budgets and funding, and management.While organizations are making investments in basic technology defenses such as firewalls, and new technology such as behavioral analytics tools, they simply do not have enough skilled professionals to leverage security technology properly. There are clearly gaps between where most enterprises are and where they feel they need to be. And yet, 36 percent of respondents believe that executive management views cybersecurity expenditures as an unnecessary cost. Many cybersecurity teams are attempting to close the gaps, experimenting with advanced cognitive and other artificial intelligence (AI) technologies, while still struggling to find the security talent to execute on the basics effectively. Establishing digital trust, which is seen as crucial to competitive success, clearly requires a new mode of working, not simply incremental improvement.Key finding of a study: Data theft of corporate information by outsiders and the theft or corruption of personal information by corporate insiders dominate the discussion, with 35 percent of respondents indicating they were strongly or critically concerned about these two threats over the past 12 months. But moving forward, overall data loss or destruction becomes a top rated concern, with 41 percent of respondents indicating strong or critical concern over the coming 12 to 18 months. The threat sources of most concern to enterprise security
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