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Cybersecurity protection is a corporate social responsibility – especially during times of war

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Cybersecurity protection is a corporate social responsibility – especially during times of war

Failing to protect your organization against cyberattacks does not only endanger your enterprise – it also puts your business partners and broader society at risk, especially during times of war like the ongoing war in Europe

By Jesper Zerlang, CEO, Logpoint

Through cyberspace, all organizations are potentially part of the war. In an effort to prevent detrimental cyberattacks, US president Biden recently signed legislation requiring critical infrastructure entities to report any cyberattacks within a specific timeframe, and the same goes for the EU which has had similar legislation in place. However, organizations in other industries are not immune and should be preparing for similar threats. It’s no longer a question of ifa business will be targeted but when.

Critical infrastructure or not. Intentionally or not. Voluntarily or not. State-operated cybercriminals, state-sponsored hackers, and cyber groups, publicly announcing support for Russia, are already preparing to deploy cyberattacks to wreak havoc and disrupt vital services, government functions, and communication to the public.

Organizations have a corporate social responsibility (CSR) to implement strong cybersecurity defenses and prepare for a scenario in which Russia deploys cyberattacks on an unprecedented scale. There are many ways an organization could become hostage in a global cyberwar.

The threats

A favored method of state-sponsored threat actors is the supply chain attack in which the attackers target a trusted partner or a third-party to deploy their attacks. For example, Toyota recently had to shut down 14 factories and 28 production lines for an entire day because of an attack through a sub-supplier.

In this threat landscape, organizations risk becoming the gateway to supply chain attacks on critical infrastructure organizations, like electricity, financial services or hospitals.

Another widely used vector is DDoS attacks aimed at disrupting services by overloading servers and infrastructure, which we have seen in both Ukraine and Russia. Attackers need so-called botnets to deploy these attacks and hijack unsecured devices, such as IoT devices, to amass the traffic needed to cripple vital services.

Imagine Russian state-sponsored actors taking control of your network and infiltrating key components of your product or service – making you unknowingly appear as the aggressor against your own business partners.

Ransomware attacks have drawn headlines throughout the last years, with high-profile attacks on Colonial Pipeline, JBS, and Kesaya. CNA Financial reportedly paid 40 million dollars to regain access to files and get their operations back up. The ransomware threat has proven widespread and destructive. And last week the US indicted Russian nationals that are allegedly part of sophisticated attacks on critical infrastructure.

Considering cybersecurity protection as CSR 24/7

Several ransomware groups have declared allegiance to Russia. Falling victim to a ransomware attack by these groups could cause organizations to lose access to critical data forever or pay the ransom and potentially contribute financially to the continued hybrid war.

The list of ways to neglect CSR through poor cybersecurity goes on. And it’s important to note that the responsibility is not just relevant in times of war. Cybersecurity has always been a corporate social responsibility. But it has never been as evident as now.

At all times, organizations without proper cybersecurity are assuming a significant risk on their customers, employees, partners and surroundings behalf because of the ever-present threat of supply chain attacks, data theft, ransomware attacks, DDoS attacks with real human and societal impact.

The ransomware attack on the Colonial Pipeline, leaving Americans without gas for weeks; the supply chain attack on Kesaya forcing COOP to close supermarkets in Sweden; the cyber intrusion that enabled cybercriminals to change the sodium hydroxide levels in the water supply to dangerous levels in Florida – all attacks occurred because guards were down.

Now is the time to act if you haven’t yet put cybersecurity at the top of your corporate agenda. It’s crucial for businesses to be able to mount a robust cybersecurity posture capable of defending against known and unknown cyber threats.

Taking initiative

During the cybersecurity labor shortage, hiring enough competent employees can be difficult. Businesses can instead look to AI and automated solutions or partner up with a Managed Security Service Provider that provides 24/7 cybersecurity with sufficient capabilities to detect and respond to cyber threats.

Further, businesses must do away with the mindset that cyberattacks won’t happen to them and stop assuming that securing only the outer perimeter keeps them safe. It just takes a single cybercriminal to succeed once in slipping through the cracks and gain access to your IT environment and make your organization part of a bigger cyberattack or jeopardize the operation of your company.

The current war has sparked Western organizations to pledge their support to Ukraine, with many businesses halting engagements with Russia, in the form of sanctions, corporate responsibility standards or to manage their reputation. However, overlooking how cybersecurity acts as a form of CSR puts organizations, their clients and their employees at risk of becoming tools to aid Russia in their cyber warfare, contradicting their original good intentions to denounce Russia.

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Maimouna Corr Fonsbøl

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About Logpoint

Headquartered in Copenhagen, Denmark, with offices across Europe, the USA, and Asia, Logpoint is a multinational, multicultural, inclusive cybersecurity company. LogPoint bolsters organizations in the fight against evolving threats by giving them a single source of truth — an intuitively designed platform with the powerful capabilities needed to ensure their safety. Powered by machine learning and backed by an industry-leading support team, Logpoint’s cybersecurity operations platform accelerates detection and response, allowing organizations to respond to tomorrow’s threats.

Logpoint’s core belief lies in creating software that empowers security teams to make confident decisions, feel justified in their choices, and more efficiently protect their organizations. That principle has earned them the trust of more than 1,000 organizations worldwide, as well as a place in Gartner’s Magic Quadrant.

The company’s culture prioritizes passion, innovation, team spirit, and client satisfaction. Together, these values fuel Logpoint’s success across cybersecurity technologies: from SIEM, UEBA, and SOAR to SAP security, converged into an integrated security operations platform, created to protect the digital heart of organizations.

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