Week after week, data breaches continue to make news headlines. Despite this, companies are reluctant to make the changes to their IT environments and security practices that would help them respond to various threats, making them susceptible to having their data compromised. Even when these security adjustments are relatively simple, such as installing software updates on endpoint devices, some companies still fail to take the necessary steps.
Let's take a look at why companies are reluctant to learn from their peers' mistakes and what they can do to avoid similar fates.
Why Companies Won't Change
· Lack of knowledge and expertise: IT security professionals must continue to develop their skills in order to keep pace with the rapid evolution of technology. One of the biggest challenges for companies is finding qualified individuals who can help them to protect their sensitive data. According to (ISC)² research, the shortage of cybersecurity professionals is now 2.93 million globally.
· Lack of resources: While companies need to reserve funds for general IT purposes, they must also invest in the proper tools and technologies that can protect them against modern threats. Unfortunately, organizations typically have large sunk costs associated with prior investments into on-premises infrastructure, which can make them more reluctant to spend the extra funds needed to adopt additional, necessary security solutions as they migrate to the cloud.
· Fear of change: Some organizations are set in their ways and might underestimate the need to adopt relevant security tools and practices in the cloud. While on-premises tools and best practices are necessary in the vast majority of organizations, the misguided impression that they extend perfectly to cloud and bring-your-own-device (BYOD) environments can be very costly. The truth is that leveraging the cloud is a fundamentally different way of doing business and requires different security solutions.
· Illusion of safety: Some organizations have a misguided belief that they are not likely to be a target for hackers and consequently assume that they don't have to worry about cybersecurity. There is a misconception that larger or more widely known organizations represent a more lucrative target and that hackers are more likely to focus on them. However, companies that have inadequate protections are prime targets for hackers, no matter how "under the radar" they may believe themselves to be.
Organizations can no longer have a lax cybersecurity posture if they want to defend sensitive data such as their customers' personal information and accounts. Below are seven steps that companies can and must take in order to prevent data breaches:
Organizations have witnessed the aftermath of data breaches and the costs associated with failing to keep sensitive data secure. They regularly see their peers face hefty fines, lawsuits, loss of revenue, and damaged reputations. Thinking "this could never happen to my company" is inaccurate and dangerous. Breaches can be the result of misconfigurations, malware attacks, phishing, malicious insiders, and countless other threats — any of these can cause massive damage to companies and their stakeholders. It's time for organizations to heed the warnings in the news and take a more proactive approach to cybersecurity.
Check out The Edge Dark Reading's new section for features, threat data and in-depth perspectives. It's like a Sunday magazine in a daily newspaper with a variety of value-add content. Today's edition features You Gotta Reach ’Em to Teach ’Em.As Chief Technology Officer of Bitglass, Anurag Kahol expedites technology direction and architecture. Anurag was director of engineering in Juniper Networks' Security Business Unit before co-founding Bitglass. He received a global education, earning an M.S. in computer ... View Full Bio