Attention all cybersecurity professionals! When was the last time you assessed your cybersecurity strategy? Given today’s ever-changing security landscape, it’s probably been too long and in this world of constant cyber threats, organizations can’t afford to be complacent.
Yet, despite the near constant stream of data breaches making headlines, far too many organizations insist their current cybersecurity model is good enough, giving one of the following reasons…
Reason #1: We’ve never been hacked before, and I’m confident I know where my organization’s critical or sensitive data is at all times. Why change something that’s working today?
No business can ever be 100% sure where its data is or that it hasn’t been compromised in transit. Failure to recognize this issue is a board-level responsibility.
Reason #2: We tick the boxes when it comes to GDPR, PCI DSS, HIPAA (and other regulations) so my organization is secure. No company that has met their compliance requirements has ever been hacked, right?
Taking a compliance-led approach to securing customer data will cause a fundamental vulnerability within the cybersecurity infrastructure, simply waiting for hackers to exploit. Compliance is important, clearly, but it should be a subset of the overall, continuously evolving security strategy, rather than an end-point goal in itself. Organizations are understandably concerned about the financial penalties associated with failing to achieve regulatory compliance. But take a step back and consider the financial implications of a data breach, of high profile customer data compromise. That is a far more significant cost and an event that will have long-term repercussions on customer perception and loyalty.
Reason #3: I’m happy that our WAN provider has the necessary controls in place to keep our data secure as it moves between locations. They said we could trust them, so why wouldn’t we?
WAN providers can’t guarantee the security of their environments, and the security of your data is ultimately your responsibility. What’s needed is a security-first ‘Zero Trust’ mindset that protects data before sending it to the carrier network.
Reason #4: My board is telling me that IT costs need to be reduced, so the easiest thing is to cut the security budget; it reduces cost without reducing functionality. But, just in case, we’ve increased our cyber insurance coverage.
Cybersecurity insurance policies require customer diligence. You cannot buy a security policy, not deploy security and then expect a post-hack payout. More significantly, think about the cost and loss of earnings associated with the fallout of a data breach. Now rethink cutting your security budget.
Reason #5: My network is secure so I don’t need to secure our data in motion. After all, we own the entire infrastructure end to end, wherever our data goes.
When 70% of all breaches are as a result of internal user compromise, this is a false sense of security. Not only are current security models broken, current trust models are too so they must be realigned and rebuilt. The only way to do that is to change the emphasis. Shift the focus from infrastructure to the user and it doesn’t matter how complex technology has become, or becomes in the future; the security model remains simple and hence both manageable and relevant. Moreover, whether the environment is owned by the business, third party, or in the cloud, when access is based on users and application, only a user with cryptographic keys and credentials gains access. It is that simple.
Have you ever been guilty of not innovating your cybersecurity strategy? Take a look at our innovative Layer 4 encryption solution, which enables your organization to have encryption without compromise, and check back in for five more reasons in our next blog post.