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What Today’s Hyperconnected World Means for the Enterprise Security
Thoughts on the Report from McKinsey
By: David Canellos
Feb. 7, 2014 08:45 AM
A newly released report from McKinsey & Company, Risk and Responsibility in a Hyperconnected World: Implications for Enterprises, highlights the findings of a year's worth of McKinsey research conducted in partnership with the World Economic Forum. Based on the interviews with over 200 enterprises and organizations the findings highlight the importance of protecting online proprietary data and information and puts forth 7 ideas for how to protect the enterprise.
The report first observes that with the rise of new and novel ways to access information via mobile devices, data security risks have dramatically increased. Despite the billions of dollars spent to secure data, cybercriminals have proven themselves to be a highly adaptable, sophisticated, well-funded crew, equipped to take advantage of any weaknesses in an enterprise's security technology. Recent examples of large breaches at Target and Adobe could potentially really just be the tip of the iceberg.
As I mentioned, the research sets forth seven practices for executives tasked with battling cybercriminals; here is the list with a few observations on each:
1. Prioritize information assets based on business risks.
2. Provide differentiated protection based on importance of assets.
3. Deeply integrate security into the technology environment to drive scalability.
4. Deploy active defenses to uncover attacks proactively.
5. Test continuously to improve incident response.
6. Enlist frontline personnel to help them understand the value of information assets.
7. Integrate cyber-resistance into enterprise-wide risk-management and governance processes.
There was some disagreement in the survey about the issue of cybersecurity regulations and there was also some division by industry (which makes sense given the disparity in regulations already in place by industry sector). We believe regulation will continue to grow and be increasingly complex, making full awareness and compliance with any and all applicable industry regulations a must by security solution providers - whether PCI DSS, HIPAA or others.
Finally, we agree that this is a C-Suite and boardroom issue - the viability of institutions depend on proactively removing enterprise risk and threat.
I strongly recommend you download and read the full report. I look forward to future updates from McKinsey and the World Economic Forum.
PerspecSys Inc. is a leading provider of cloud protection and cloud encryption solutions that enable mission-critical cloud applications to be adopted throughout the enterprise. Cloud security companies like PerspecSys remove the technical, legal and financial risks of placing sensitive company data in the cloud. PerspecSys accomplishes this for many large, heavily regulated companies across the world by never allowing sensitive data to leave a customer's network, while maintaining the functionality of cloud applications. For more information please visit www.perspecsys.com or follow on Twitter @perspecsys
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