A cyber-attack can cause major damage to a business as a result business leaders are becoming increasingly conscious of the impact cybersecurity can have on business outcomes. Therefore, security leaders should harness this increased support and take advantage of six emerging trends identified by Gartner, to improve an organization’s resilience while elevating their own standing.
Trend No. 1: Senior Business Executives Are Finally Becoming Aware That Cybersecurity Has a Significant Impact on the Ability to Achieve Business Goals and Protect Corporate Reputation
IT security is a board-level topic and an essential part of any solid digital business strategy. Business leaders have not always been receptive to this message, but a recent string of high-profile incidents have changed sentiment.
“Business leaders and senior stakeholders at last appreciate security as much more than just tactical, technical stuff done by overly serious, unsmiling types in the company basement,” said Peter Firstbrook, research vice president at Gartner. “Security organizations must capitalize on this trend by working closer with business leadership and clearly linking security issues with business initiatives that could be affected.”
Trend No. 2: Legal and Regulatory Mandates on Data Protection Practices Are Impacting Digital Business Plans and Demanding Increased Emphasis on Data Liabilities
Customer data is the lifeblood of ever-expanding digital business services. Incidents such as the recent Cambridge Analytica scandal or the Equifax breach illustrate the extreme business risks inherent to handling this data. Moreover, the regulatory and legal environment is getting ever more complex, with Europe’s GDPR the latest example. At the same time, the potential penalties for failing to protect data properly have increased exponentially.
“It’s no surprise that, as the value of data has increased, the number of breaches has risen too,” said Mr. Firstbrook. “In this new reality, full data management programs — not just compliance — are essential, as is fully understanding the potential liabilities involved in handling data.”
Trend No. 3: Security Products Are Rapidly Exploiting Cloud Delivery to Provide More-Agile Solutions
New detections technologies, activities and authentication models require vast amounts of data that can quickly overwhelm current on-premises security solutions. This is driving a rapid shift toward cloud-delivered security products. These are more capable of using the data in near real time to provide more-agile and adaptive solutions.
“Avoid making outdated investment decisions,” advised Mr. Firstbrook. “Seek out providers that propose cloud-first services, that have solid data management and machine learning (ML) competency, and that can protect your data at least as well as you can.”
Trend No. 4: Machine Learning Is Providing Value in Simple Tasks and Elevating Suspicious Events for Human Analysis
The shift to the cloud creates opportunities to exploit ML to solve multiple security issues, such as adaptive authentication, insider threats, malware and advanced attackers.
“Look at how ML can address narrow and well-defined problem sets, such as classifying executable files, and be careful not to be suckered by hype,” said Mr. Firstbrook. “Unless a vendor can explain in clear terms how its ML implementation enables its product to outperform competitors or previous approaches, it’s very difficult to unpack marketing from good ML.”
Trend No. 5: Security Buying Decisions Are Increasingly Based on Geopolitical Factors Along With Traditional Buying Considerations
Increased levels of cyber warfare, cyber political interference, and government demands for backdoor access to software and services have resulted in new geopolitical risks in software and infrastructure buying decisions.
“It’s vital to account for the geopolitical considerations of partners, suppliers and jurisdictions that are important to your organisation,” said Mr. Firstbrook. “Include supply chain source questions in RFIs, RFPs and contracts.”
Trend No. 6: Dangerous Concentrations of Digital Power Are Driving Decentralization Efforts at Several Levels in the Ecosystem
The internet is driving a wave of centralization, one obvious example of which is cloud computing. While there are many benefits (some outlined above), a good security team should be accounting for the risks too.
“Evaluate the security implications of centralization on the availability, confidentiality and resiliency of digital business plans,” said Mr. Firstbrook. “Then, if the risks of centralization could seriously threaten organizational goals, explore an alternative, decentralized architecture.”