Why Cybersecurity needs to be a priority for the Entertainment Industry ?

Media and Entertainment companies are one of the primary targets for cyberattacks ‎worldwide. Businesses in this sector are most vulnerable to cybercrime as most of ‎these businesses are pivoting towards an internet-led model to deliver their services ‎and media content on the go.

The media industry is also highly reliant on third-party vendors, which gives ‎cybercriminals more opportunity to trespass and have a disaster across the network. ‎Most of the CIOs in media and entertainment firms are skeptical about the third-‎party vendors and are not sure about the security standards they follow.

Businesses can risk their intellectual property and digital assets by partnering ‎through dubious third-party vendors. Until and unless the partner is audited, ‎businesses can’t figure out if the company has been hacked in the last 12 months. ‎This lack of transparency requires cybersecurity parameters to ensure a secure ‎business.‎

Business Risk

Why Industry is a target for cybercrime

The entertainment and media industries play a key role in shaping public opinion and ‎even national image, making it a valuable target for APT groups and hacktivists ‎seeking influence.

The entertainment industry is a profit powerhouse, with revenues now over 2 trillion ‎worldwide. Unfortunately, the industry’s high-profile content, reliance on digital ‎systems, and growing supply chain of partners make the sector an attractive target ‎for hackers. Whether intended to steal consumer information, hold content to ‎ransom or distribute propaganda, data breaches are taking their toll on the industry.

In 2020, almost half of firms in the sector reported at least one incident, and took an ‎average of 224 days to identify a data breach, two weeks longer than the global ‎average.‎

‎Cybersecurity in Media is a priority.‎

If delayed can ‎become a liability.

Technical Threats

How Industry Is Targeted

Content is an entertainment or media company’s most valuable asset, meaning the ‎industry is a goldmine of data and intellectual property that can be monetized. ‎Whether targeted by hackers chasing monetary gain or nation-state actors causing ‎deliberate disruption, extortionists can hold materials for ransom or steal data and ‎threaten to leak it in the case of non-payment.‎

The challenges Industry is facing

The publicity in entertainment industry is the ‎result from compromising communication and other information about high-profile ‎individuals, and their associated businesses. For example, in the weeks leading up ‎to the Game of Thrones final episode, HBO was hit with hacks, leaked episodes, ‎and ransomware attacks, all stemming from a breach of online security. Such can ‎cause harm to the financial success and reputation of both the show and the ‎network. In addition, a company’s failure to adequately safeguard the confidential ‎information of individuals or affiliated parties may result in costly legal review, ‎security remediation, forensic investigation, and litigation, all which can negatively ‎impact public relations.‎

Experts Tips

Top tips for securing Media Industry

Upskilling your staff

This ensures they understand the risks is an important way to ensure that everyone ‎in the organization is up to date on the latest threats. While you may well outsource ‎your cyber security, your application security or your IT, this does not mean your ‎staff can afford to be uninformed about the kinds of real threats that they might face ‎regardless of their involvement in website or app management.

Know where your weaknesses

Make sure to identify where the risks are in your digital and online assets. ‎Conducting a thorough risk assessment is essential to understand what risks are ‎insurmountable, which can be avoided and how to mitigate any risks that your ‎company and clients face. Knowing when you are most likely to be attacked will ‎ensure you are able to bolster your security at those points. Whether this is during ‎the pre-release phase of a major product or data generated from ticket sales, ‎understanding the risks allow you to anticipate and prevent those attacks.

Protecting your online assets

You can do this through constant and consistent monitoring is essential. Whether ‎your business relies on websites, social media accounts, blogs, web apps or other ‎digital online assets, whether you are using cloud-based technology to minimize ‎dealing with hardware and servers, making sure that all your assets are protected is ‎important.‎

Wanna make your media business secured?

Entertainment industry has numerous chances to ‎strengthen its cybersecurity.