5 strategies to address cybersecurity challenges and accelerate growth
By applying the following strategies, metals leaders can gain more confidence in their cybersecurity measures and move faster with new technologies.
Evaluate risks
Metals leaders should evaluate how they address cybersecurity challenges. Simply implementing preventive measures such as multifactor authentication is not sufficient. Metals companies must also have incident response plans in place to help mitigate issues when – not if – they arise. Companies can start by identifying potential risks, evaluating specific areas of concern, and increasing security measures where necessary.
Every company is different, and determining where to invest can help establish new security measures or improve ones already in place while keeping costs in check. For example, many people think about cybersecurity as it relates to data. While data security is critical, metals companies in particular also need to pay close attention to operational technology (OT). Taking inventory of the company’s digital assets and being aware of industry regulations and standards should also be considered in risk assessment.
Segment the network
One of the most important points of security for metals companies lies in OT. As machine connectivity increases, it’s critical for companies to make sure security measures are in place to prevent one cyberattack from taking down the entire production process.
Segmenting the network can help isolate security events when they happen. For example, if an employee clicks a malicious link in an email, proper segmentation can reduce the risk that an incident with an end-user workstation completely halts production. Segmentation also helps contain information and restrict users from gaining unauthorized access.
Secure cloud technologies effectively
As cloud connectivity increases for metals companies, cloud security becomes more critical. Organizations must manage user access and authentication, enable appropriate logging and monitoring capabilities, and back up data for recovery in the event of an incident.
Using platforms from companies that prioritize cloud security can help metals companies be more confident in using cloud technology. For example, the Microsoft Azure™ platform uses a variety of built-in security tools, identity and access management solutions, and compliance certifications. While technology helps with monitoring and alerting companies about security threats, leaders should also perform regular security audits, train employees, and develop response plans to enhance and maintain cloud security.
Increase endpoint protection
Ransomware is still a top risk in the metals industry. In response to the increase of remote work and employees having offsite access to information, metals leaders should implement endpoint protection strategies.
Further, in addition to multifactor authentication and employee training, companies can use solutions like endpoint detection and response, which can monitor activity in real-time, detect suspicious behavior, and respond to security incidents. Companies can also use mobile device management to make sure devices are continually updated and that they comply with security policies.
Enhance threat detection and mitigation with AI
While some might view artificial intelligence (AI) as a security risk, it can enhance security measures when used responsibly. Because AI extends beyond the limits of human capabilities, it can help detect and mitigate risks more efficiently than even the most diligent team.
Machine learning algorithms, for example, can be trained to identify anomalies in employee behavior, equipment usage, or environmental conditions that might indicate a security threat. Automated responses can also help neutralize threats faster than a human response and reduce the impact of security incidents.
