The increasing adoption of hybrid cloud – a mix of public cloud services and privately owned data centers, already in place for 70 percent of companies on a global level – is giving rise to new security challenges and prompting CISOs to adopt different technologies to fight zero-day exploits, advanced persistent threats, and other devastating types of cybercrime.
We are entering a period of time when we are going to see an uptick in the number of security threats, both physical and in cyberspace. There is an increasing global unrest. Over the past few months what we’ve seen electorally, in the U.S., but also in Europe and in other parts of the world, has been a manifestation of that.
Developing budgets that make sense, support the mission of the enterprise, are thoroughly justified and garner the support of the C-suite is a challenge that security executives have faced for ages. Why is this the case? Is it that the C-suite doesn’t recognize the importance and value that an effective security program provides to the enterprise? Is it because security executives have not done an effective job of developing and documenting the inherent value to the enterprise of an effective security program?
Ninety-four percent of large businesses in the U.S. have a cybersecurity policy, according to the 2017 Cybersecurity Survey by Clutch, and most of them have had a policy for more than three years. U.S. enterprises are more likely to have a cybersecurity policy than most global organizations (two-thirds of which lack a formal cybersecurity policy), and policies most commonly include required security software, backups, scam detection and security incident reporting protocols.
A breach results in loss of trust, proprietary information, trade secrets and consumer confidence. On the other hand, investing in cybersecurity and breach preparedness creates trust, boosts consumer confidence, and incites innovation – all generators of revenue.
There’s a shift taking place in the boardroom: With the recent high-profile cyberattacks like WannaCry and NotPetya, cybersecurity has been placed in the spotlight, making it a much more prominent topic than it was five years ago.
Every day we are updated about the latest cybersecurity breaches – whether it's Yahoo, Dropbox or LinkedIn, how many records have been stolen, or how much companies have paid in result from ransomware or financial fraud.
With thousands of employees and passengers in the air every day of the year, as well as having to comply with a variety of regulations and being accountable to both travelers and the government, United Airlines’ Managing Director of Global Security and Compliance, Rich Davis, has a big job.
Our August issue cover story features Steve Baker, CSO at State Street Corporation. Also in August, how did a Guidewell Security team member save a life? And learn how digital technology and IoT devices can combat both physical and cyberattacks.