Make Cybersecurity your IT Asset Management Superpower!

Your IT assets are more than the ‘sum of their parts’

The digital assets of your business are not limited to just tangible entities like hardware and software alone.

They also include business data, service contracts and intellectual property. These technology-related assets are the lifeblood of your business and, if compromised, can lead to irreversible damage.

What is more, as the digital imperative has become the norm for business, the range and complexity of IT assets has proliferated, while the risks of incomplete understanding and ineffective management of them have also grown.

A cybersecurity-centric asset management approach provides a robust system to protect these assets and align them with your business priorities. By keeping track of all assets and their vulnerabilities, whether tangible or not, Cybersecurity Asset Management (CSAM) helps minimize the risk of cyber threats, creating a secure digital environment where the full range of your IT assets are visible, fully understood and well-protected.

Complying with Regulatory and Industry Standards

As the global economy becomes ever more digital, the laws and regulations around data protection and cybersecurity are becoming more stringent and more relevant to businesses. Hefty fines, legal consequences, and irreparable damage to the organization’s reputation are all potential risks from non-compliance.

CSAM helps businesses stay compliant with these standards. It ensures that all digital assets are managed and protected as per regulations and policies, whether cross-industry like GDPR or specific to a sector like HIPAA. Its also recognised that its not enough to be compliant. Your business must be able to demonstrate its compliance posture by documenting clear policies and measures, a crucial capability in response to audits and inspections.

The Building Blocks of Effective Cybersecurity-centric Asset Management

A successful CSAM approach is built on several key components:

  • Your asset inventory: Identifying and listing all digital assets owned by your organization. The asset inventory should include details like asset type, owner, location, and the data it contains as well as commercially relevant data like costs and associated contracts.
  • Asset classification: Categorizing assets based on their sensitivity and importance to the business. The classification helps in prioritizing assets for security measures.
  • Vulnerability assessments: Identifying potential threats and vulnerabilities in the digital assets. The assessment helps in understanding the risk level of each asset and planning the security measures accordingly.
  • Patch and update management: This involves regularly updating the software and systems to fix any identified vulnerabilities. Patch and update management is crucial for maintaining the security of digital assets.

The Challenges in Cybersecurity-centric Asset Management

The Ever-Evolving Threat Landscape

Just like your business, cyber threats are not static; they evolve constantly, becoming more sophisticated and potentially damaging. As technology continues to advance and harness more business value, so do the methods employed by cybercriminals. From ransomware and phishing attacks to DDoS and code injection, new threats emerge every day, making it increasingly difficult for organizations to secure their assets, not just in the short term but for the future.

The rise of emerging technologies like IoT, cloud computing, and AI has expanded the attack surface, giving cybercriminals more potential entry points. This rapid evolution of threats necessitates a proactive and continuously evolving approach to CSAM. Failing to keep pace with these changes can leave an organization vulnerable to data breaches, financial losses, and damage to its reputation.

Everything, Everywhere, All at once!

In today’s digitally distributed work environments, decentralized or remote assets are the norm. With the growing trend of remote work and the increasing use of cloud-based services, assets are no longer confined to the physical boundaries of an organization and its facilities. This poses a new set of challenges for CSAM. Without effective management, remote assets with limited visibility become a weak link in an organization’s cybersecurity defense, providing an easy target for criminals.

Information Technology never stops growing

Large organizations in particular face the challenge of keeping up with the vast and growing number of assets in the digital economy. With thousands, or even millions, of digital assets to track and manage, the task can be overwhelming. Each asset represents a potential vulnerability that could be exploited by cybercriminals. Therefore, failing to discover, identify and account for even a single asset can have serious consequences.

Moreover, the complexity of large organizations’ IT infrastructure makes it difficult to form a clear and complete inventory. This lack of visibility and control can lead to gaps in the cybersecurity defense, making the organization susceptible to cyber-attacks.

Comprehensive coverage. No redundancy or wastage.

Every asset needs to be protected, but at the same time, there should be no redundancy in the security measures. Excessive overlaps can lead to wasted resources, while gaps in coverage can leave assets vulnerable.

Striking the right balance requires continuous monitoring and a thorough understanding of the organization’s assets and the threats they face. It also requires effective coordination among different teams to ensure that all assets are covered and no resources are wasted.

Strategies for Effective Cybersecurity-centric Asset Management

1.   Adopt a Centralized Asset Management System

A centralized CSAM provides a unified platform for tracking and managing all assets, regardless of their type or location. This not only improves visibility into the assets but also makes it easier to detect any anomalies or threats.

A centralized system can also facilitate better coordination among different teams and departments, ensuring comprehensive coverage without overlaps. Moreover, it can provide valuable insights into the organization’s assets, helping to identify potential vulnerabilities and prioritize security measures.

2.   Integrating CSAM with Other IT and Security Processes

Another important strategy is integrating CSAM with other IT and security processes. Rather than treating CSAM as a standalone process, it should be part of a holistic approach to IT and security management that embraces industry standards, corporate policy and recognised best practice.

For instance, CSAM can be integrated with risk management to assess the vulnerability of different assets and prioritize security measures accordingly. It can also be integrated with incident response to ensure quick and effective action in case of a cyberattack. Such integration can enhance the effectiveness of CSAM and contribute to a robust cybersecurity defense.

3.   Leverage Automation and AI-Driven Tools

Given the scale and complexity of CSAM, automation and AI-driven tools can be invaluable. These tools can automate routine tasks, reducing the workload for IT staff and minimizing the risk of human errors that characterize current manual and siloed approaches.

More importantly, they can provide real-time monitoring of assets, detecting any anomalies or threats as they occur. This can enable quick response, preventing or minimizing damage from cyber-attacks. Moreover, AI-driven tools can learn from past incidents, improving their detection capabilities and contributing to a proactive approach to CSAM.

Cybersecurity-centric IT Asset Management with aithentic

Our IT asset management platform delivers an integrated solution to not only manage your on-premise hardware and software assets but also your cloud infrastructure and software assets. Our integrated capabilities gives you 360o view of all your technology investments to manage your audit & compliance needs and also delivers out of box visibility into cloud threats and AI enabled solutions to remediate any potentials threats and solid insights against industry compliance standards of your own cloud infrastructure.