Managing responsibility for cybersecurity risks in new technologies

Abstract

In modern times, it is essential for companies to effectively manage cyber security threats linked to emerging technology. This article offers a comprehensive overview of cybersecurity across several technologies. It illustrates the difficulties that organizations have while addressing these risks. The field of cybersecurity has challenges that must be addressed. Technical challenges include the protection of communication networks and the defence of data and systems against intruders. Moreover, it is important to ensure the trustworthiness and credibility of emerging technologies. Organizational challenges include the preparation and training of personnel, with the development of effective strategies to address the unique cybersecurity issues associated with evolving technologies. Regulatory challenges arise from changing compliance mandates in a global environment marked by diverse cybersecurity laws across countries. To effectively manage cyber security risks, it is crucial to follow established risk management standards, including the systematic identification and evaluation of threats. However, there are shortcomings in research and practices that need improvement. The highlighted inadequacies include the lack of frameworks for conducting cost-benefit analyses, a limited understanding of the impact of mistakes in cybersecurity incidents, and the need for comprehensive strategies to tackle the constantly evolving landscape of cybersecurity threats. Addressing these deficiencies requires study and the development of viable solutions to improve cybersecurity in emerging technologies.

Keywords: Cyber security Risks, Risk Management Strategies, Technical Challenges