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It surrounds us. From the moment we wake up until we go to sleep, we are influenced by and interact with the technology around us. Even the mundane actions such as hailing a cab (rapidly being replaced by Uber), buying groceries (Amazon to the rescue), or scheduling a doctor's appointment (hello Teladoc) now have technology built in. The digital transformation has transformed our lives in unimaginable ways.
Transformation affects not only our personal lives but also how businesses operate. With the digital tsunami of change, businesses have learned to adapt and adopt or be left in the dust by the competition. They have transformed by redefining processes and leveraging a wide variety of technology. With this change, new vistas of opportunity are within reach, but it has also opened a new area of exposure: the data breach.
Enterprises and other organizations are plugged in and interconnected like never before. While widespread connectivity provides access from anywhere, it also offers cyber-criminals more avenues for exploiting vulnerabilities. But hacking is not new, nor is IT security. When the threat of cyber-hacking first started, early security companies built products to keep the bad people out; thus, the concept of perimeter security (e.g. firewalls, VPN etc) was born. With the growth and adoption of new technologies such as virtualisation, cloud, and mobility, the notion of perimeter-based security is increasingly outdated. Moreover, the richness of data that can be extracted and sold on the black market has made hacking a highly lucrative venture. The rush by organisations to deploy new technology has in fact opened huge vulnerabilities – which has in turn put some companies out of business.
The good guys and bad guys leapfrog each other with their advanced security solutions and super sophisticated hacking techniques. A boon for the hacking industry, this virtual arms race has also created a multi-billion-dollar security industry. This led enterprises to question how they can put an end to the cat and mouse security game, and more importantly, if it's possible to stay protected.
Hacking is increasingly sophisticated; there is virtually nothing that can keep a cyber-criminal out if they are motivated enough. Ultimately, it's not a matter of "if" an organization is going to get hacked, but "when". In lieu of this unfortunate reality, enterprises should first identify their most valuable assets and then come up with a cyber-security game plan.
With the advent of big data and the Internet of Things (IoT), it's safe to say the true value of an organisation is defined by its data. Data may include new schematics, a new game-changing product, or a treasure trove of customer data. Fortunately, protecting data doesn't have to be an impossible feat. Here are a few ways to keep your data safe:
The digital transformation is upon us, and with it comes new security threats and compliance regulations such as GDPR, eIDAS and much more. Do you know where your sensitive data resides? How secure is it? Start your journey to get ready for GDPR and the new regulations.
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