One of the main security objective of all the organizations is to protect information confidentiality. The organizations must consider IT security and IT risk management as a part of the executive business planning. According to Gartner, the IT security objectives must be defined for the organization as a whole.
The analyst firm identified the emerging trends in cybersecurity and risk management that security leaders should harness to enhance the resilience of organization while uplifting their own position.
Top cybersecurity and risk management trends:
1. Business leaders realizing importance of cybersecurity for successful business
The senior business executives rarely considered IT security a board-level topic or a key part of digital business strategy. But the recent major cyberattacks like WannaCry and NotPetya that caused financial/brand damage and customer churn for organizations, have changed the sentiment of business leaders.
Finally, they are becoming aware of the impact of cybersecurity to achieve business goals and protect the reputation of organization.
2. Mandatory data protection practices impacting digital business plans
Personal information of customers is the lifeblood of all digital businesses. But, in the US alone, the number of companies that faced data breaches grew from nearly 100 in 2008 to over 600 in 2016.
With the rise in number of data breach incidents like Cambridge Analytics scandal or Equifax breach, the governments are issuing regulatory and legal data protection practices like Europe’s GDPR. These practices impact the digital business plans and demand more emphasis on data liabilities.
3. Cloud-first services becoming norm with advent of modern technologies
The modern technologies that require large amount of data are driving the adoption of cloud-delivered security products. These products provide more agile and adaptive solutions and can use the data in near real-time.
4. Machine learning to solve security issues
As per Gartner, machine learning will become a normal part of security solutions by 2025.
ML can efficiently address a number of security issues like adaptive authentication, insider threats, malware and advanced attackers.
5. New geopolitical risks in software and infrastructure buying decisions
Gartner identified that decisions of buying software and infrastructure are based on the geopolitical considerations of partners, suppliers, and jurisdictions. The trend is driven by rise in levels of cyber political interference, cyber warfare and government demands for backdoor access to software and services.
6. Centralized networks increasing the security risks
While there are numerous benefits of centralized networks, however, it is seriously threatening the organizational goals. Gartner said that if centralized ecosystem significantly affects the organization, then the decentralized architecture should be considered.
Suggested reading: Public cloud services revenue in India will reach $2.5 billion in 2018: Gartner
Gartner will discuss these trends at the Gartner Security & Risk Management Summit.
