"Security by compliance is no longer working," said Pironti, who is president of IP Architects and an ISACA volunteer. "The number and impact of security breaches have dramatically increased in the last couple of years, even though companies were in compliance with standards like PCI, GLBA, FFIEC, FISMA and others."
If organizations continue to focus on security by compliance, he argues, the adversaries will continue to win as their attacks become more effective and more damaging. "Compliance can be a good starting point for securing information infrastructure and data if an organization has not put anything in place previously, but it cannot be the end point of the conversation."
"We need to change the fundamental approach to the way enterprises deal with information protection," Pironti said in his "Information Security 2.0" presentation at ISACA's conference. "We need to stop thinking about information security and start thinking about information risk management."
Information risk management requires more input from and decisions made by the business, instead of solely by security professionals and regulators.
Explaining the difference between the two, Pironti said, "Information security sets the tone for organizations that forces them to put measures in place that may actually end up preventing the business from being successful. Risk management gives the organization the power to make the security decisions that align with its business requirements and then implement appropriate controls."
Another critical change, according to Pironti, is to focus on protecting data and information instead of just technology.
"The technology is just a vessel for the data and has little value by itself. By focusing on the data, enterprises will be better prepared for the challenges that they may face from any adversary" Pironti said.
In addition to Pironti's presentation, ISACA's International Conference also featured the unveiling of Risk IT, a new IT enterprise risk management framework developed by ISACA. The framework will be publicly available as a free download in September.
About ISACA With more than 86,000 constituents in more than 160 countries, ISACA' (www.isaca.org) is a leading global provider of knowledge, certifications, community, advocacy and education on information systems assurance and security, enterprise governance of IT, and IT-related risk and compliance. Founded in 1969, ISACA sponsors international conferences, publishes the ISACA' Journal, and develops international information systems auditing and control standards. It also administers the globally respected Certified Information Systems Auditor (CISA'), Certified Information Security Manager' (CISM') and Certified in the Governance of Enterprise IT' (CGEIT') designations.
ISACA developed and continually updates the COBIT', Val IT and Risk IT frameworks, which help IT professionals and enterprise leaders fulfill their IT governance responsibilities and deliver value to the business.