The Business Mindset of Cyber-Criminals

Dateline: July 21, 2017

Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend.

Cyber-criminals are organized, smart and well-funded.  If we think of cyber attacks as the ‘service’ of a ‘well-organized business’ then we can come up with strategies to ‘compete’ against it.  By compete, we mean become more cyber-resilient, not go into the cyber-crime business, of course.  That is the premise behind a recent article at Harvard Business Review titled To Guard Against Cyber Crime, Follow the Money, written by columnist and cybersecurity strategist at Mimecast,  Matthew Gardiner.  He suggests,

To fight this myriad of possible attacks, you need to adopt a competitive mindset. Consider how someone would go about making money from attacking your organization. Ask yourself:

  • In the case of an attack, what data or systems could someone demand the highest ransom for? What could they most readily monetize on the black market?
  • Which employees have the most financial power, influence, and access? Whom do they work with? How could someone trick them or use them to trick others? What information is available about them on social media?
  • What systems, data, or business processes can your organization least afford to live without?
  • What suppliers or partners have access to your digital assets?

How does taking a ‘competitor mindset’ change the way you think about cybersecurity for your organization?

That’s a WRAP! Have a great weekend!

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