Related Topics: @CloudExpo, Java IoT, Microservices Expo, Cloud Security, @DXWorldExpo, SDN Journal

@CloudExpo: Article

What Today’s Hyperconnected World Means for the Enterprise Security

Thoughts on the Report from McKinsey

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.
At PerspecSys, we've long championed this idea as an important part of any cloud security strategy. It enables a smooth, risk-based strategy for protecting the corporation and helps prioritize IT activities on the most impactful security technologies/processes. It is amazing how quickly things can happen when risks are well understood (see #6 below). Which leads directly to the next tenet...

2. Provide differentiated protection based on importance of assets.
This is especially relevant when choosing where and how enterprises select their cloud computing environment (public, private or hybrid cloud) and what obfuscation technologies to deploy (tokenization, encryption, location and ownership of keys, etc.).

3. Deeply integrate security into the technology environment to drive scalability.
This strategy helps better protect assets while staying a step ahead of both cybercriminals and competition. And as I stated in my predictions of what we'll see this year, the solutions that pull ahead in the marketplace will provide strong security, leverage existing data center investments and scale without disrupting usability of the cloud.

4. Deploy active defenses to uncover attacks proactively.
No organization can afford to wait for evidence of attacks. Technologies and processes should be in place to preemptively search out and stop any vulnerability. For example, an enterprise can proactively keep its most sensitive assets out of the cloud without adversely impacting their end user's cloud experience, by using a product such as ours.

5. Test continuously to improve incident response.
Testing is a key part of cybersecurity and we've seen with recent attacks that response matters - led by the IT department, but including all major departments. Solutions like those from Co3 Systems can help an organization be prepared if and when the time comes.

6. Enlist frontline personnel to help them understand the value of information assets.
The end users often feel the impact of cybersecurity choices the most and need to be up to speed on what is at stake with certain data assets - especially important with the rise of mobility and BYOD in the workplace.

7. Integrate cyber-resistance into enterprise-wide risk-management and governance processes.
Cybersecurity is clearly not just an IT department issue, but a decision and process that should involve multiple teams within the enterprise.

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.

Read the original blog entry...

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

More Stories By David Canellos

David Canellos is a security veteran who is now President and CEO of PerspecSys. An entrepreneur specializing in bringing innovative security and privacy solutions to market, he has been instrumental in establishing PerspecSys as the leader in the Cloud data Protection Gateway market.

Before joining PerspecSys, David held executive positions at Irdeto Worldwide, which acquired the company he led, Cloakware, which was a pioneer in encryption and digital rights management. Before joining Cloakware, he was the General Manager and Vice President of Sales for Cramer Systems (now Amdocs), a UK-based company, where he was responsible for the company’s revenue and operations in the Americas. Prior to his work with Cramer, David held a variety of executive, sales management and business development positions with the Oracle Corporation, Versatility and SAIC.

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.

Latest Stories
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
DXWorldEXPO LLC announced today that Dez Blanchfield joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Dez is a strategic leader in business and digital transformation with 25 years of experience in the IT and telecommunications industries developing strategies and implementing business initiatives. He has a breadth of expertise spanning technologies such as cloud computing, big data and analytics, cognitive computing, m...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve fu...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...