Potential Practices Helping Businesses to Deal with Cyber Warfare Scenario

21 May


Key Takeaways:

  • Introduction
  • Methods to tackle cyberwarfare scenario
  • NCSC’s new services to secure small businesses in UK
  • Key acquisitions in the domain

Cyberwarfare is a series of planned cyber-attacks against a nation-state, causing significant damage, such as the disruption of crucial computer systems and potentially resulting in loss of life. It can be defined as a set of actions by a nation or organization to attack countries or institution’s computer network systems with the intention of disrupting, damaging, or destroying infrastructure by computer viruses or denial of service attacks. Cyberwarfare takes many forms which include attacks on financial infrastructure, attacks on public infrastructure such as dams or electrical systems, attacks on safety infrastructure like traffic signals or warning systems, and attacks against military resources or organizations.

Methods of combating cyberwarfare scenario by governments and private organizations

The best way to access a nation’s readiness for cyber warfare is to conduct a real-life exercise or simulation, known as cyber wargame. A wargame has the potential to test how governments and private organizations respond to cyberwarfare. It includes exposing gaps in defenses and improving cooperation between entities. It helps defenders learn how to act quickly to protect critical infrastructure and save lives.

Cyber wargames help cities, states or countries improve readiness for cyber warfare by testing different situations such as detecting attacks in early stages, or mitigating risks after critical infrastructure has already been compromised. They are also capable of detecting unusual scenarios that have never been conducted before. It includes establishing a red team that acts as attackers and trying to find creative ways to breach a target system. This enables defenders to learn how to mitigate real threats.

Furthermore, cyber wargames also teach businesses also teach private organizations to reduce the benefits of an attack on a nation-state. It provides a set of measures to ensure corporate cybersecurity. These set of measures include creating obstacles to breaching the network, using web application firewalls (WAF) to quickly detect, investigate, and block malicious traffic, responding to breaches and restoring business operations quickly, and using local hackers as a resource to help protect against foreign cyber threats.

NCSC’s new services – Helping UK’s small organizations stay safe online

In March 2023, the National Cyber Security Center (NCSC) launched two flagship new services, namely, Cyber Action Plan and Check Your Cyber Security services, designed to help millions of UK small businesses stay secure online and protect their livelihoods.  With these launches the company aimed to raise awareness of cyber security among the country’s small businesses, microbusinesses, organizations, and sole traders.  

The Cyber Action Plan can be completed online in 5 minutes, resulting in tailored advice for businesses on how they can improve their cyber security. On the other hand, Check Your Cyber Security tool is accessible via the Action Plan and helps any small organization including schools and charities, enabling non-tech users to identify and fix cyber security issues within their businesses.

According to Cyber Breaches Survey, 38% of the UK’s small businesses suffered a cyber incident over a 12-month period. The range of attacks varies widely from business email compromise to denial of services and ransomware attacks. As small businesses are the backbone of the UK, NCSC has created these services to help the nation boost their online defenses in a matter of minutes.

Prominent regions and countries fostering the industry’s landscape

The cyber warfare industry is evaluated across different regions and countries. The North America region garnered the highest revenue in 2022 and is expected to continue a significant growth during the forecast period. This is mainly due to the increased use of smartphones and robust internet connectivity across the region. On the other hand, the Asia-Pacific region is predicted to witness prominent growth during the analysis timeframe due to the increased demand for cost-effective security solutions among enterprises in this region to improve their operational efficiencies.

Based on country, India is expected to manifest the highest CAGR of 21.1% from 2023 to 2032. However, South Korea is predicted to hold the second rank in terms of growth, with a CAGR of 18.9% during the forecast period.              

Prudent moves of top players in the domain

To strengthen their cybersecurity portfolio, several leading players in the domain have made profitable alliances. For instance, in March 2024, Airbus Defense and Space, a division of Airbus SE announced its acquisition of INFODAS, a leading German company that provides cybersecurity and IT solutions in the public sector including for defense and critical infrastructures. This acquisition would support Airbus’s ambition to strengthen its cybersecurity portfolio for the benefit of its European and global customers. INFODAS was certified by the Federal Office for Information Security (BSI), an IT security service provider in information system auditing, consulting and penetration tests. Airbus aimed to use INFODAS’ SDoT Security Gateway to boost its cybersecurity portfolio.

Similarly, in April 2024, Tel Aviv, an Israel-based HUB Cyber Security acquired QPoint Technologies, an IT services company that includes a cybersecurity division. With this acquisition, HUB envisioned to enhance its capabilities in safeguarding sensitive information across various sectors. Noah Hershcoviz, HUB’s CEO said that by completing acquisition with QPoint, the company aimed to fortify its cybersecurity infrastructure, improving its operational resilience and ultimately increasing shareholder value.

To wrap up, the rise in cases of advanced cyberattacks and increased dependance on technology are the major factors expected to boost the growth of the domain in the future. Furthermore, the increase in reliance on connected systems is expected to create lucrative opportunities for the sector in the years to come.

To identify potential investment opportunities across various regions, get in touch with our esteemed analysts today! They will also help you develop new business strategies and attract new investors.

Rosy Behera

Rosy Behera

Author's Bio- Rosy Behera holds a bachelor’s degree in Electrical and Electronics Engineering and now she is a content writer by profession. She loves to portray her thoughts and ideas with a nice command of words. Grabbing an audience with her creative write-ups is one of her biggest assets so far. Apart from writing, she is a certified “Odisi” dancer and has done Gardharva in Drawing, Painting, and Arts. She always explores new things through travel and is a big foodie.


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