The security breach has been a significant concern for all the companies. Most organizations have had anti-virus software and firewalls in place for decades. Yet, even the most prominent organizations- Yahoo, Uber, eBay, WhatsApp – have fallen victim and suffered a data breach.
Companies are investing more in cybersecurity to prevent themselves from falling prey to data breaches. Despite this data, breaches are only becoming more frequent. What’s wrong with what they are doing?
Investing more in cybersecurity isn’t enough; the problem is that technology isn’t utilized correctly. Companies need to build security into IT solutions rather than incorporating it later as an after-thought.
As more and more business operations are coming online, the surface area for attacks is expanding and becoming more complex. It is difficult to rely on a single technology to deal with new security threats emerging every day.
A company’s digital footprint is continually shifting. The cybersecurity technology in use today might not be fit to use in the future. A company should safeguard applications by developing design patterns for modern DevOps, which will keep the app up to date with security standards.
Read More: Is Automation Making Facebook’s Cybersecurity Staff Redundant?
Data breaches have a considerable impact on a company’s digital reputation. Data breaches can cost companies just under $4 million apiece. But over-sensitivity to security could keep senior executives and board members from optimizing financial returns from business analytics and big data.
Companies need to factor security into their decision making and adopt new skill sets:
- Cloud security
- Secure development life cycle
- Integrating threat Intelligence into the protection platforms
The business world is taking cybersecurity seriously, but securing the digital landscape would need a holistic and highly strategic approach.
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