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Unless you’re under a rock, you know that the WannaCry Ransomware cyberattack swept worldwide headlines last week.
Organizations scrambled to apply the latest Microsoft security patch to their computers to prevent the spread of the attack. It’s estimated that the ransomware attack hit more than 300,000 victims in 150 countries.
According to a recent publication from The Hill, nearly half of all data breaches in 2016 were at US companies. The research by Risk Based Security notes that the US had 10 times more incidents than the second most breached country, the UK. That’s astounding. Being at the top of this list is not an easy accomplishment, and there are several factors that possibly attribute to this.
One possible attribution is that the US lacks broad cyber regulations. Aside from Federal agencies, Healthcare, and Financial Institutions, US-based companies are largely left to self-regulate or regulate amongst themselves (PCI-DSS). Another angle could be simply that the US is a healthy target with many companies to exploit.
The most likely scenario is that the speed of business within a global economy has hit break-neck speeds. Pile on the level of complexity, pressures of Wall Street, and competing in a global market and you have a formula for cyber breach opportunities aplenty. In other words, US-based companies are often at the edge of technology innovation; seeking that small edge within the global arena of the free market.
But, like any shortcut, there are often unforeseen trade-offs. With every new technology innovation, there is a tax or inherited risk that comes with it. Historically, companies could afford to adopt new technologies at a more conservative pace. Those times have passed; any new technology is often seen as essential for modernized companies.
Now enter the corporate security programs within these globally competitive digital companies. We all recognize that they are essential. But are they seen as just enough, an insurance policy, or worse yet, a bottleneck to innovation and growth?
I don’t have all the answers, just enough experiences within companies similar to those described to know that they are struggling to embrace the real investments and opportunities they have with these cyber security assets. The sooner organizations realize that the best way to navigate the risky digital waters ahead is by using a cybersecurity compass, the more competitive they will be in the long run.
Security management, of course, has a role to play in developing that compass. If you’re interested in learning how FireMon can help, contact us for a demo >>
So you’ve purchased a new firewall. Now what?
You’ve got to decide which access is allowed, which isn’t allowed and whether or not rules are compliant with internal and regulatory standards.
Things are running along smoothly and then the dreaded “change.” A user submits a new access request and the fun begins. Is this access necessary? Safe? Compliant? And what happens when it’s time to retire unused rules?
How Effective Security Management Can Help Teams Cover the Exponentially Increasing Gap between Technology & the Resources Available to Manage It
Security teams today are under tremendous pressure due to the rising frequency and impact of breaches and a business that wants to move faster and faster. The answer to both of these challenges has always been to add more technology and staff resources.
However, each new technology added creates complexity. More rules are created and more data is generated. As networks continue to evolve, this complexity will only grow. And while staff resources may increase, they will never match the exponential growth of technology.
FireMon calls this phenomenon The Complexity Gap and has set out to help security teams close it.
Join us for this webinar with Frost & Sullivan where we’ll explore the causes of “The Gap” and how workforce multipliers such as intelligence and automation help staff manage their security more efficiently and more effectively.
Helping Enterprise Security Teams Improve Resource Efficiency & Reduce Overall Risk Exposure
Firewall technology has come a long way since its initial, most rudimentary forms. Next-Generation Firewalls (NGFW) are the latest development, and organizations are accelerating adoption to the new technology. But NGFWs aren’t a fix-all solution.