Enterprise security is a big issue today because cyber criminals are focusing on the targets where they know they can earn the most profit and do the most damage. It’s taken a little while, but companies are learning that the risks of poor digital security can have a huge impact on their businesses.
While it might seem from the news that enterprise security isn’t meeting the growing need based on big name hacks like LinkedIn and Dropbox, even Sony and Target. But it’s these high-profile cases that are convincing enterprise level companies that taking security seriously is the only way forward. Here are a few reasons why we’re seeing this shift in the attitude of the enterprise market.
The big hacks of the recent past showed companies what the worst-case scenario really looked like for businesses who suffered the consequences of insufficient security. The cost of big data breaches like those suffered by Sony and Target ran up the bill to millions of dollars in lost revenue and response cost. Worse yet, the Sony hack resulted in a prolonged shutdown of services and public exposure of embarrassing emails and even intellectual property theft. The Target hack resulted in a change of the company’s CEO and CIO, and seven board directors were almost shown the door completely due to their failure to protect their customers from the breach. These examples showed companies that a lack of preparation and insufficient security has profound consequences to the company itself and its leadership. As such it makes sense that enterprise companies are taking strides to improve security across the board.
Identity as a Key Security Issue
Digital security is shifting in terms of top priorities. As many companies move to the cloud, the important data that they need to protect is exposed to a wider variety of threats. To protect against those threats, identity has clearly become the center of attention. If a hacker can steal a legitimate user’s login and password, then there’s nothing companies can do to protect against the breach. But that’s changing. Companies are learning that to protect against identity threats, technologies such as two-factor authentication is stepping into the spotlight. Requiring users to prove who they are before they can access the sensitive information companies need to protect adds that extra element of security that many enterprise level businesses need.
Increased Data-Driven and Behavior-Based Solutions
As hacker technology improves, so too does security technology. We are living in a new age of data-driven and automated computer security defense. Security analytics is critical to helping to identify threats, and initiate a response. Many of these new solutions are behavior-based and can constantly look for signs of malicious intrusion. While in the past, such programs delivered an overabundance of false-positives, but with time the technology has improved and users are finding more value in the solutions.
For more advice on how your business can benefit from the latest improvements in data security technology, connect with the business advisors at Happy Faces Records Management.