Internal breaches on the rise

SECURITY

|
Image: John Mc Loughlin. By J2
John Mc Loughlin

There has been an unprecedented surge in the number of information security breaches coming from inside companies, says J2 Software.

J2 Software managing director John Mc Loughlin says events across the globe over the past 18 months have forever changed corporate consciousness in the security landscape. Companies must urgently address the situation to protect their information assets and the privacy of their electronic identity, he says.

Mc Loughlin says as the complexity of data and ease of access keeps increasing, now more than ever, companies have a golden opportunity to push information security to the top of their agenda.

“ It is more important than ever to ensure that information is protected and risk is minimised, especially considering the ever-changing business environment. Information drives businesses and has become the lifeblood of modern organisations, without it they die.”

According to a number of recent studies, the ‘ Insider Threat’ has loomed to become the most feared information security risk in most organisations today. Regardless of the technologies and software solutions that an organisation may deploy to mitigate the risk of information security breaches, the critical factor is always people.

He says the only solution is to build information security into the DNA of the organisation and its employees.

Building information security into the DNA of any organisation is the key to achieving compliance and mitigating risk, but it also presents the biggest challenge, especially for large and complex organizations, says Mc Loughlin.

There must be a balance between business risk, business operations and business competitiveness. This also requires the organisation to use tools which are proactive as opposed to reactive.

The importance of the IT Security Policy document and how it is communicated and enforced is a crucial issue. Most of these documents are too bulky and unmanageable, making them likely to remain unknown and unnoticed. Keeping it ‘ live’ and relevant, while communicating the relevance throughout the organisation is the key to achieving the objectives of the document. This proves to be a difficult task, especially when even the authors of the policies can sometimes forget what it contains.

He notes there are examples where risk has been communicated, but has been purposely ignored when it is financially advantageous to do so. In these cases, the audit department ‘ red flag’ certain suspicious activity to management but is somehow ignored. Reluctance to escalate a known irregularity is highly likely if the irregularity is generating large sums of money.

‘ Compliance Fatigue’ can result from the constant updating and revision of regulatory compliance requirements.

All of these factors must be taken into account when considering the implementation of a long term Governance, Risk and Compliance strategy.

Driving down the cost of compliance is not only the key to competitive advantage, but also to compliance being taken seriously and becoming part of a cost effective executive risk management strategy, he says.

“ If compliance is too time consuming and complex it will be ignored or short cuts will be taken.”



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE SECURITY NEWS

DDoS protection: A broad and multi-faceted approach for financial institutions

With Distributed Denial of Services (DDoS) attacks becoming more complex and sophisticated, so must any defensive strategy that attempts to fully protect a financial institution, says Arbor Networks.  Read More

Frost & Sullivan presents Arbor Networks with 2015 global DDoS Mitigation Market Leadership Award

Arbor Networks Inc., the security division of NETSCOUT, has announced that, for the second consecutive year, Frost & Sullivan has awarded the company the Global distributed denial-of-service (DDoS) Mitigation Market Leadership Award.   Read More

Cybercrime, the new reality

2015 was possibly the year that changed the impact of cybercrime from being “bothersome” to being an “epidemic”, says Networks Unlimited. Read More

Don’t skimp on cyber security

With cyber risks increasing daily, and threats evolving to evade even the most advanced security measures, executives must avoid skimping when it comes to the IT security budget. Read More

Kaspersky Lab: Social Network Sharing Makes Users an Easy Target for Cybercriminals

A Quiz from Kaspersky Lab has found that almost a third (30%) of social network users share their posts, check-ins and other personal info with everybody who is online – not just their friends.  Read More

Institute of bankers brainstorms on cyber fraud

Cyber risks, such as the threat of data theft and fraud, came under discussion at the Botswana Institute of Bankers (BIoB) symposium. Read More

‘Tis the season to be hacked

As retail stores ramp up their online offerings to entice shoppers, companies need to be on guard against ransomware. Read More

IP: Keeping your secret recipe a secret

From large pharmaceutical organisations to small family-run businesses, all now operate with business critical IP at the core of their operations and need to protect it.   Read More

DDoS reality check: It can happen to you

The Distributed Denial of Service (DDoS) threat has changed to one where the attack types are more diverse and nefarious than before.  Read More

Kaspersky Lab: 63% of companies affected by internal information security incidents

63% of companies have been affected by internal information security incidents, and the largest single cause of confidential data losses are employees, says a new study.  Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks Unlimited

FEATURED STORY

Viber Spreads Good Vibes in Africa with the introduction of public chats Viber Spreads Good Vibes in Africa with the introduction of public chats

Viber, one of the leading messaging and calling apps with more than 664 million unique users worldwide, has opened its latest social channel ‘Public Chats’ to partners in Africa and the Middle East. 

IN DEPTH

Poised for greater heights – Roshi Motman, AfricaCom CEO of the Year WinnerPoised for greater heights – Roshi Motman, AfricaCom CEO of the Year Winner

Roshi Motman is not your average CEO. Since taking up the reins as the first female CEO of Tigo Ghana in 2014, she has led the Tigo brand through a remarkable transformation.