New Cyber-Security Model Spurs Innovation

 
 
By Karen A. Frenkel  |  Posted 12-20-2016 Email
 
 
 
 
 
 
 
 
 
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    New Cyber-Security Model Spurs Innovation
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    New Cyber-Security Model Spurs Innovation

    A new model for cyber-security acts on analytic inputs and adapts to evolving threats. It includes analytics, real-time monitoring and advanced authentication.
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    Ways to Address Threats and Create Value
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    Ways to Address Threats and Create Value

    Run the IT function in the cloud: 63% Use managed security services: 62%, Employ biometrics for authentication: 57%, Use open-source software: 53%, Employ big data analytics for cyber-security: 51%, Invest in security for the internet of things: 46%,
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    Cyber-Security Spending Priorities for the Next 12 Months
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    Cyber-Security Spending Priorities for the Next 12 Months

    Improved collaboration among business, digital and IT: 51%, New security needs related to evolving business models: 46%, Security for the internet of things: 46%, Digital enterprise architecture: 46%, Biometrics and advanced authentication: 43%
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    Trusting the Cloud
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    Trusting the Cloud

    63% of the survey respondents run IT operations in the cloud. They view cloud-centric cyber-security as a dynamic approach to both internal and external risk.
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    Business Functions Run in the Cloud
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    Business Functions Run in the Cloud

    IT: 63%, Operations: 36%, Customer service: 34%, Marketing and sales: 34%, Finance: 32%
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    Dealing With Security and Privacy
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    Dealing With Security and Privacy

    62% of the respondents use managed security services (MSS) for cyber-security and privacy because of a dearth of skilled cyber-security specialists.
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    Using Managed Security Services
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    Using Managed Security Services

    Authentication: 64%, Data loss prevention: 61%, Identity and access management: 61%, Real-time monitoring and analytics: 55%, Threat intelligence: 48%
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    Modeling Threats, Identifying Incidents
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    Modeling Threats, Identifying Incidents

    51% of respondents said they use big data analytics to model cyber-security threats and identify incidents. This helps them deal with the scarcity of cyber-security pros and budget constraints.
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    From Passwords to Authentication
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    From Passwords to Authentication

    Authentication technologies like biometrics are adding a next layer of security to passwords. 57% of respondents use biometrics, and 46% of them said it's made online transactions more secure.
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    Enhancing Cyber-Security
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    Enhancing Cyber-Security

    53% of the respondents use open-source software, and 49% of them said it has improved their cyber-security program.
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    Benefits of Open-Source Software
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    Benefits of Open-Source Software

    Easier to develop and deploy IT projects: 51%, Improved cyber-security: 49%, Enhanced scalability: 47%, Better interoperability with applications and middleware: 45%, Easier to customize infrastructure: 41%
 

Forward-thinking organizations are adopting a new model for cyber-security that acts on analytic inputs and adapts to evolving risks and threats, said a new report from PwC. As a result, cyber-security is leading to innovations. The new approach includes data analytics and real-time monitoring, managed security services, advanced authentication and open-source software. The study, "Global State of Information Security Survey 2017," finds that more products and services connected to the internet are driving new approaches to cyber-security and risks to privacy. Another driver: Data privacy and trust have become critical business requirements as more consumer and business information is generated and shared. These trends and the cloud are having an impact on the bottom line. "The fusion of advanced technologies with cloud architectures can empower organizations to quickly identify and respond to threats, better understand customers and the business ecosystem, and ultimately reduce costs," said David Burg, PwC's U.S. and Global Leader, Cyber-Security and Privacy. "We’re seeing more and more that cyber-security can actually become a remarkable way to help a company innovate and move faster.”

 
 
 
 
 
Karen A. Frenkel writes about technology and innovation and lives in New York City.

 
 
 
 
 
 

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