Internal breaches on the rise
SECURITY| Oct. 12, 2010, 2:58 p.m.
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.”
MORE SECURITY NEWS
Kaspersky Lab: Ebola hook in “Nigerian” spamIn September spammers produced topical new versions of the old “Nigerian Letter” scam, this time based on the Ebola virus. Read More
Cisco warns of unprecedented growth of malicious trafficThreats designed to take advantage of users’ trust in systems, applications and personal networks have reached startling levels, a new report by Cisco reveals. Read More
Users cover webcams due to spying fearsKaspersky Lab research has found a large proportion of computer users cover up their webcams for fear of being spied on. Read More
Growing African focus on data securityBeachhead Solutions’ new SA and Mauritius country manager explains the challenges and solutions around securing customer data and compliance with new personal information legislation. Read More
Costly kids: families lose money or data due to children on the netAccording to joint research by Kaspersky Lab and B2B International, 18% of users in South Africa have lost either money or important information as a result of their children’s online activity. Read More
No silver bullet for securityFor too many businesses, the idea of a security ‘quick fix’ is tempting, and they learn the hard way that there is no such thing, says Intact Security. Read More
Every fifth Android user faces cyber attacksAccording to the results of the “Mobile cyber-threats” survey carried out by Kaspersky Lab and INTERPOL between August 2013 and July 2014, every fifth Android-based device protected by Kaspersky Lab security solutions was a target of malware at least once during the reporting period. Read More
Risks of cyber attacks hard to defineIt is extremely hard to apply to the risks caused by the myriad cyber threats out there, as they are hard to define, harder to prevent, and it is almost impossible to accurately assess the cost and damage of a breach once it has taken place, says Intact Software Distribution. Read More
Cyber Security Africa set for EthiopiaThe 2nd Annual Ethiopia Banking & ICT Summit will take place in November 21st, 2014 at Sheraton Hotel, Addis Ababa, Ethiopia. Read More
FEATURED STORYGrowing African focus on data security
Beachhead Solutions’ new SA and Mauritius country manager explains the challenges and solutions around securing customer data and compliance with new personal information legislation.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.
COMPANY NEWSVMware reports third quarter 2014 results
VMware, the global leader in virtualization and cloud infrastructure, today announced Year-over-Year Revenue Growth of 18% to $1.52 Billion in its financial results for the third quarter ...