Cybersecurity and Digital Businesses Transformation

In a special report on digital business transformation and cybersecurity, Gartner affirms that as organizations migrate their business to digital, a lack of directly-held infrastructure and services outside of IT’s management can ought to be self-addressed by cybersecurity. “Gartner predicts by 2020, 60% of Digital Businesses will suffer major service failures due to the inability of IT Security Teams to Manage DigitalRisk

As Digital Transformation initiatives gain pace across the world, the threat of cyber-attack grows in tandem. Further risks stem from the evolving business and regulatory requirements and technology trends that are posing new cybersecurity challenges and endangering the success of digital programs.

 

We all know today’s business depends on technology and digital systems are now lifeblood of an organization. With that being said, Paul Proctor, vice president and distinguished analyst at Gartner, affirms that “Cybersecurity is an important part of digital-business with its new challenges in an open digital-world“.

Organizations leaders must realize that it’s time for a fundamental rethink of how cybersecurity is positioned and understood within their organizations and which innovation they must do to survive digital risks.

 

Let’s have a look on 5 key areas of focus, identified by Gartner, to address successfully cybersecurity in digital business:

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Hard to admit, but the perfect protection is not feasible. Gartner states that 60% of cyber security budgets in the companies will be dedicated to the early detection of threats in 2020. This is less than 30% in 2016. “Organizations need to detect and respond to malicious behavior and incidents, because even the best preventive controls may not prevent all incidents, “says Gartner.

 

  1. Improve the leadership and governance : Improving leadership, getting governance right, making security a board-level priority, measuring leading indicators to catch problems while they are still small, is more important than the development of tools and skills when it comes to cybersecurity and technology risk in digital business. Governance, data infrastructure, decision making, prioritization, budget allocation, awareness, budget allocation, reporting, transparency and accountability are key features to protect and run any business.
  2. Adapt to evolving threats: In today’s connected, information-heavy world, organizations across all sectors are facing not simply escalating risk, but the near-certainty that they will suffer an information security breach. IT department must overcome the challenge to prevent all threats and risk management. Gartner predicts that companies will spent 60% of cyber security budgets to early detect threats in 2020 instead of waiting for the last minute. Only a sharp focus on business structure, culture and risks will let you better safeguard the data essential to your organization’s survival and success and prevent all nightmares.
  3. Alignment of cybersecurity at the speed of digital business: Organizations that adopt digital go at a faster pace than traditional companies. So the same logic must go for security systems, with that being said, the traditional security system will stop working in the new era of digital innovation. Organizations must invest in their security system in order to innovate them to avoid all obstacles. Companies are increasingly reliant on digital data to drive their growth. The “bad guys” have recognized this, have fortified their techniques and are enjoying significant success; while the “good guys” are still trying to fight a modern war! Having a well-defined security program can help management make an informed choice about how to invest in security. All organizations able to successfully establish an ecosystem that protect and grow business will remain competitive.
  4. Explore the new era of cybersecurity: Before it was perhaps easier to protect data because they resided exclusively in the data center. New technologies are now overflowing data outside via the cloud and mobile etc. For example, in 2018, 25% of company’s data will come directly from IOT (=from mobile to the cloud), and by circumventing enterprise security controls. Organizations must now respond to the issues of cybersecurity and risks of technologies and assets that they no longer own or control.
  5. People and Process – Cultural Change: As companies support productivity through the rapid integration of bring your own device (BYOD), cloud computing and other aspects of total mobility, there is a corresponding increase in the risk to which the information located on or accessed via these channels is exposed. With the acceleration of digital business and the power technology gives individuals, it is now critical to address behavior change and engagement from employees to customers. Internal threats to information security run from the inadvertent (simple user error, loss of mobile devices) to the malicious (internal fraud, data theft). Cybersecurity must meet the needs of people through the process of change. People-centric security gives each person in an organization increasing autonomy in how he or she uses information and devices — and what level of security adopted when he or she uses it. The individual then has a certain set of rights in using technology and is linked to the group in the entire enterprise. The individual must also recognize that if things go wrong, it will have an impact on the team, group and business.

 

Sources: Special report – Cybersecurity at the Speed of Digital Business

Top 12 Cloud Computing Security Threats

cloud computing security

Due to cloud computing exponential growth, its benefits are now obvious.The most notable are, reduction of maintenance costs of its IT infrastructure, Reduction of energy consumption, the rapidity of sharing data with one or more other users of CC. Possibility of creating a collaborative virtual platform.

 

However, front all the possibilities offered by this new concept, cloud computing has created new security challenges. Still some enterprises are reluctant to in CC adoption mostly because of the safety factor which is still a challenge.

 

Just to remind, cloud computing is an IT approach that operates over the Internet (or any other WAN). It’s a type of Internet based computing where different services such as servers, applications, storage, collaboration and administration tools, etc. are delivered to any organization’s computers and devices through the Internet.

 

Seeing both the promises of cloud computing, and the risks associated with it, the Cloud Security Alliance (CSA) and the Information Systems Audit and Control Association (ISACA) has created several studies in which they have identified 12 points which are the major threats to data security and cloud applications. Let’s have a look to it.

 

  1. Leakage of that kind of information which wasn’t intended for public due to the existence of Data Breaches.
  2. The fragility in Identity, Credential and Access Management, although some providers prioritize authentication interfaces with other ways such as certificates, smart cards, OTP technology phone authentication, and many others;
  3. Using Insecure interfaces and APIs that customers can use to interact with cloud services
  4. Exploit of System Vulnerabilities in operating systems on servers in clouds or even in hosted applications
  5. Accounts or services Hijacking via software vulnerabilities
  6. Risk caused by Malicious Insiders are not new. It can be a person of management team who has enough access to privacy or secured data that he can easily to misuse it.
  7. Advanced Persistent Threats (APTs) consist of a form of attack where the hacker manages to install somehow a file in the internal network of an organization and can put his hands on important or confidential data of the organization. This type of attack are really difficult to detect for a cloud service provider.
  8. Data loss can be caused by a virus attack of Datacenter, a physical attack (fire or bombing), natural disaster, or even just to a human factor in the service provider, eg in case company’s bankruptcy. The thought of losing all data is really terrifying for both businesses and consumers!
  9. The shortcomings in the internal strategies of adoption or transition to the cloud technologies. Companies or organizations often doesn’t take into account all the safety factors related to their operation before subscribing to a cloud service.
  10. Abuse and Nefarious Use of Cloud Services via accounts created during the evaluation periods (most ISPs offer free 30-day trial) or purchased fraudulently access.
  11. Denial-of-Service is the kind of attack that is meant to limit the acces on data or services by excessive consumption of resources such as processors, memory or network. The idea for the hacker is to succeed in overloading Datacenter resources to prevent other users to use services.
  12. The faults related to the Shared Technology issues can cause problems in the internal architecture of the cloud and eternal interface architecture with users.

 

These twelve points, as mentioned above, could further reinforce the paranoid in their doubt regarding cloud, but will mainly encourage users (individuals and businesses) to be more demanding on service levels (SLA: Service Level Agreement) conclude with suppliers.

 

Sources:

 

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