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11 May 2022

Increased threats make companies have to strengthen their contingency plans

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The exponential increase in risks and threats of all kinds mean that companies are having to implement new contingency and mitigation plans, or to strengthen the ones they had, as explained by the Escuela de Organización Industrial and OBS Business School. Cybercrimes alone are increasing at a rate of over 35% annually.

The coronavirus pandemic accelerated the digitalisation of companies and remote working, but it also uncovered holes both in processes and procedures, which became worse with the increase in threats and the various degrees of maturity of each sector, as explained by Joan Barcelo, professor at the OBS Business School.

A rise in cybercrimes

Cybercrimes are constantly increasing, growing at a rate of over 35% annually, according to Emilio Cabanes, Director of ICT Projects and Digital Economy with the Escuela de Organizacion Industrial. “These are very challenging times and companies must be prepared to face the new challenges and threats in the digital world. Therefore, an effort should be made to increase security in these scenarios, as well as to implement all steps that will allow us to minimise risks”.

Cabanes believes that the Cybersecurity Operations Centres (COC) are the answer to this paradigm. “They provide horizontal prevention services, detection, cybersurveillance, protection and response in all areas of an organisation and against any type of threat”. In his opinion, “implementing COC should be a strategic priority, and it should involve company management in creating cybersecurity management committees”.