An analysis of a recent report released at the Davos Economic Summit in January 2010, and posted on the Gerson Lehrman Group website on February 7th, claims that nations across the globe have low levels of preparedness to meet cyber attacks which have the potential of devastating impact.  This report further states that countermeasures against denial of service attacks, network intrusions, etc., must include appropriate legislation, budgetary support and enforcement activities working primarily through security governance frameworks to be totally effective.

An additional point to note is that while this report is primarily focused on nations across the globe, we believe that there is a strong message as well for the many public and private sector organizations within the United States, and in particular for the many security and risk managers who visit and read the postings on this website.

The basic conclusion by the writer of this report is that countermeasures to cyber security threats have to include a combination of regulatory requirements, government-industry collaboration, security awareness, security governance framework, organizational structures and budgetary support for implementation of effective security practices.  The analysis also is concerned that the current focus of critical infrastructure has been on reliability and availability and not on security – that has to change.

If you too have found that making a case for receiving budgetary support to control cyber security is a major challenge facing your security risk management team, then we believe that reading this article and analysis may provide with you a new and more effective argument to present to your management in order to receive their support to better protect your organization from this ongoing and growing cyber security risk.

CLICK HERE to read this analysis report.

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