The Importance of Cybersecurity and Sustainability

Comprehensive Overview: The Importance of Cybersecurity and Sustainability

Presented by Chad Kymal - CTO & Founder • Omnex Inc

From this important session at the recent Virtual Customer Conference, Chad Kymal, CTO of Omnex, highlighted the criticality of cybersecurity and sustainability in today's interconnected and environmentally conscious business landscape. His presentation emphasized the increasing risks of cyberattacks, the strategic importance of supply chain security, and the urgency of achieving sustainability goals like net zero emissions.

Cybersecurity: Challenges and Solutions

Chad explained the evolving nature of cybersecurity threats, noting how they have shifted from direct attacks on organizations to sophisticated supply chain breaches. He provided real-world examples, including the SolarWinds attack and recent breaches in telecommunications, to illustrate the vulnerabilities businesses face.

Key Cybersecurity Challenges:

Supply Chain Vulnerabilities:

• Cloud-based services and SaaS models expose organizations to risks dependent on their providers.
• Attackers exploit weak authorization protocols and insufficient vulnerability analysis.

Types of Attacks:

• Phishing: Accounts for 39.6% of all email threats.
• Malware: Delivered via email in 94% of cases.
• DDoS (Distributed Denial of Service): Disrupts organizational operations.

Impacts of Cybersecurity Failures:

• Data breaches cost companies an average of $4.5 million per incident.
• Business disruptions, IP theft, and ransomware demands are common outcomes.

Recommended Cybersecurity Strategies:

1. Implement Standards:

• ISO 27001 and SCS 9001 for information security.
• ISO 21434 for product cybersecurity.

2. Supply Chain Security:

• Flow down security requirements to suppliers.
• Adopt Zero Trust Network Architecture and secure development lifecycles.

3. Integrated Management Systems:

• Combine ISO 27001 with TISAX for automotive-specific needs.
• Align cybersecurity measures with broader operational controls.

Sustainability: Achieving Net Zero

Chad shifted the focus to sustainability, emphasizing the urgency of addressing climate change. He explained that surpassing the 1.5°C threshold poses significant risks, and global efforts must center on achieving net zero emissions by 2050.

Why Sustainability Matters:

Environmental Impact:

• The world surpassed the 1.5°C threshold in 2024, intensifying the need for action.

Corporate Leadership:

• Companies like General Motors are setting interim targets to decarbonize operations.

Sustainability Strategies:

1. Adopt Standards:

• ISO 50001 for energy management to reduce carbon footprints.
• Integrate ISO 14001 with net zero initiatives.

2. Carbon Border Adjustment Mechanism (CBAM):

• Applies to carbon-intensive products like steel, aluminum, and hydrogen exported to the EU.
• Encourages cleaner production and GHG verification for compliance.

3. Decarbonization Projects:

• Invest in renewable energy, electric vehicle infrastructure, and sustainable materials.
• Implement carbon offset programs like reforestation and waste management.

4. Business Model Evolution:

• Develop products and services with positive environmental impacts.
• Incorporate circular economy principles to reduce waste.

Key Takeaways

Chad summarized the session with the following insights:

• Cybersecurity: Organizations must adopt integrated systems and secure supply chains to mitigate risks effectively.
• Sustainability: Achieving net zero is a collective effort requiring operational changes, adherence to standards, and innovative decarbonization strategies.

Attendees were encouraged to leverage Omnex’s expertise in cybersecurity and sustainability by:

• Implementing Integrated Standards: Tailored solutions for ISO 27001, ISO 21434, SCS 9001, and ISO 50001.
• Consulting on Decarbonization Projects: Guidance on achieving net zero through customized strategies.
• Ensuring Supply Chain Security: Comprehensive assessments and mitigation plans.

Contact Omnex for tailored solutions that align with your cybersecurity and sustainability goals.