Security has become the most important aspect of an organization. From leading to a drastic financial loss, to spiralling the business down to the tunnel of customer/client mistrust, Security breaches have destroyed many successful businesses. This demands a constant reworking of the Security Framework by the CISO to stay a step ahead of the hackers.
In 2006 when Clive Humby coined the phrase, ‘Data is the new oil’, he couldn’t possibly have imagined the turn Security would take in the second decade of the twenty first century. From being the by-product of business, Data has gone on to become the cornerstone of an organization.
With the evolution of Internet, there has been a substantial shift in not just the idea of a business, but also the way business is undertaken. So much so, that it has simultaneously allowed the emergence of a village in Romania, notoriously called Hackerville.
HOW HAS INTERNET MADE DATA THE MOST VALUABLE ASSET OF AN ORGANIZATION?
Businesses in 2019 are fundamentally dependent on the Data that they collect and collate through their operations. Customer information, employee details, internal business formulas, there is no end to the confidential information that the business needs to keep secure. This information if leaked, will not only lead to the loss of personal and professional data, huge financial risks, but can also potentially wreak havoc on the market reputation of the brand. How many of us would dare to get into a business relationship with a company that has had its security breached in the past?
Yes, Technology has been incredibly conducive to the modern marketplace. It has revolutionized all industries beyond recognition. But it has also led to a very real, exponential increase in the risks faced by a business. It has fallen on to the CISOs to protect the organization from the same Technology that has allowed it to thrive in the enterprise market.
THE CISO’S STRUGGLE IN THE MODERN ENTERPRISE
This story is from the April 2019 edition of Enterprise IT World.
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This story is from the April 2019 edition of Enterprise IT World.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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