Opening a Cyber Security Business - Paper Example

In the current digital revolution and age, the protection of intellectual property is gradually becoming an essential and critical management agenda to countries, companies, and individuals (Liu et al., 2015). The proposed business will focus on fending off threats and protection of sensitive information of its clients. It will position itself to preventing cyber attacks, protection of customer information, mitigating strategies to reducing risks, and prioritization of investing in technologies to address cyber crime. The firm will thus put in place appropriate measures to respond adequately to rising cases of cyber security while at the same time improving on its workforce skills to addressing the sophisticated cyber security threats.

Threats

Due to lack of funding, implementation of the firms strategies may be slow. It may thus come with the challenge of getting resourceful and skilled personnel. On the other hand, in the market, many business companies and individuals may be reluctant to hand over their systems for scrutiny while the company is carrying out a feasibility study on its risks to cyber attack.

Trends

As the world gradually adapts to internet connectivity and integration of its services, the digital landscape is slowly becoming bumpier. Future trends show-concerted efforts to developing faultless strategies towards cyber security. However, the future looks unpredictable as cyber criminals take on new approaches and strategies for circumventing through security measures (Liu et al., 2015). Nevertheless, cyber security firms are coming up with sophisticated measures to counter the threats and attacks. The future is still looks challenging, but technological measures are being developed to counter the same.

Internal Strengths

Reliable and competent workforce

The firm will focus on hiring and retaining a highly stable workforce highly talented in IT security. With a strong team, the business will be placed solidly to address and counter challenging cyber threats and security issues. Despite its technology-oriented approach in the market, the firm will focus on its business concept that will form its main driving force. In utilizing this strategy, the company will position itself to protecting customer data perimeter instead of only protecting the data. The firm will also invest heavily in sophisticated capabilities that will form its underlying principle to data protection and responding to vulnerabilities. Many years in the cyber security business may stand out as an added advantage for the entrepreneur whose experience in cyber surety spans 15 years.

Internal Weaknesses

Despite the broad focus on technologies and skills to mitigating cyber security, the firm may lack in enough financial resources to implementing some of its strategies such as the acquisition of VPN control systems. Due to unavailability of funds too, the business may suffer in deploying and executing some of its progression plans such as keeping up to date with technologies essential to data protection.

Strategic Goals

A Regional Cyber Partnership

The firm aims at developing long-term cooperation with governments, business entities, and private individuals for the implementation and design of its strategies. The partnerships will span to neighboring nations and international organizations with the key objective of becoming a global player in cyber securities, growth, and innovation.

Global Responsibility and Authority

The firm will join hands with international organizations and bodies to the promotion of secure, free, and open internet and at the same time work towards termination of the cyberspace, which in most cases gives hackers and criminals a hiding ground.

Innovation and Growth

In initiating and bringing about innovation and invention in the cyber security, the firm will work towards establishing a development and research unit responsible for empowering its cyber security dealings. Additionally, through innovation and growth, the business will promote, build, and export cyber safety products and services.

Business Level Strategy

A business level strategy involves steps that a business entity takes to offer value to customers while gaining a competitive advantage by utilizing its unique products and services (Drnevich & Croson 2013). The firm's business-level strategy will aim at establishing a long-term working relationship with its customers in addition to expanding beyond the contemporary market. The firm will focus on clients primary issues that include:

Understanding cyber threats to Customers organization as a critical element in business activities

By use of risk-based approach, the firm will endeavor to a level of acceptance amongst its potential customers to the understanding of the cyber threat. As most organizations move to adopting flexible strategies to mitigating risks, the firm will take on acceptable policies towards tackling and preventing cyber risks amongst its customers.

Incorporate across personnel, security experts, and physical safety

It will involve strategic measures and smart interventions in parts and spots that stand out as more vulnerable to cyber attack. It will work towards putting together key strategies such as process control safety, network security, and dynamic defense mechanism that will work across organizations towards strengthening its cyber security measures.

Overall and Functional Unit Objectives and Strategies

The principle objective of the firm is to enhance cyber ecosystem in which it will endeavor to create awareness amongst its customers to develop a robust cyber security technology and workforce. Additionally, the firm will develop methodologies of generating significance in technology, science, engineering, and math's amongst key players in the IT industry. The company will endeavor to build a strong base of distributed security systems amongst its customers with the aim of fostering the growth of security apparatus for individual clients and organizations. Strengthening a strong cyber security network amongst its customers will come with the need to offer continued training to the workforce to mitigate and reduce threats and opportunities that may be exploited by cyber criminals.

On the other hand, the firm will identify and solidify vital information infrastructure through and by integrating support systems with its customers. It will thus implement a comprehensive risk management strategy in its applications and security measures. At the same time, to succeed in hardening information infrastructure, the firm will widen its services to include the best practices and safety standards for both data and networks.

To effectively avert threats and offer up to date security, another objective that will form the basis of the firm towards cyber security is the development of proactive approaches that will aim at managing cyber threats and risks. It will also form part of the company's research effort towards coordinating its customers' needs and the firm's development strategy. Its principal objective towards adopting a comprehensive response to threat will include continued study and investigation in internet usage by customers and their connections to the outside world. The firm will thus expand its information infrastructure to accommodate technical assistance and general operational plans prevalent in cyber attacks.

According to Cavelty (2014), to improve and promote data safety and information security, deployment, and use of proven measures and strategies are essential to cyber security. In addition, to keep customer's data and systems safe, the firm will focus on technical and operations across a customer's usage of technology. The objective will enable the business to weigh in on the most customers usability and vulnerability in the use of technologies about data and information safety. The firm will thus aim at working towards developing the appropriate strategies and methodologies towards reducing risks customers may face while using the Internet.

Additionally, the company will also work towards building distributed systems that provide information and toolkits to its customers to address security measures that its staff needs to adopt while working online. The strategy will encourage innovative actions in the workplace as the firm focuses more on selling its commercial services aimed at the same measure in the workplace. It will thus help foster closer ties and growth of security strategies amongst users in the customer's organization and network. The above action and strategy will additionally work towards the development of tailor-made approaches in dealing with individual user's demands and any future eventuality such as new threats and risk environments.

Future Prospect and Direction

The firm looks forward to strengthening a secure cyber network, effective cyber defense, and deployment of technical solutions to threats. Due to the dynamic field of cyber security, Cavelty (2014) maintains that it is important to look forward to enhancing technical solutions and approach to problem solving. Additionally, its future prospect will entail deeper and stronger cooperation with its customers as it works towards strengthening its cyber security strategies and objectives. Additionally, the firm will endeavor to come up with new and strategic measures that effectively address new challenges posed by cyber criminals lacking behind computers waiting for a chance to cause disruption and harm to data. It will thus adopt an integrated approach that addresses both an organization's demands and the workforce in the organization. The prospect will enable the firm to develop a proactive approach towards reducing threats and helping its customers initiate successful cyber security strategies.

References

Cavelty, M. D. (2014). Breaking the cyber-security dilemma: Aligning security needs and removing vulnerabilities. Science and Engineering Ethics, 20(3), 701-715.

Drnevich, P. L., & Croson, D. C. (2013). Information technology and business-level strategy: Toward an integrated theoretical perspective. Mis Quarterly, 37(2).

Liu, Y., Sarabi, A., Zhang, J., Naghizadeh, P., Karir, M., Bailey, M., & Liu, M. (2015, August). Cloudy with a Chance of Breach: Forecasting Cyber Security Incidents. In USENIX Security Symposium (pp. 1009-1024).