The internet has become a ubiquitous presence in society, connecting people and things at an unprecedented pace. More and more businesses are engaging with the power of the internet and the Information of Everything (IoE) that it can create. IoE is an emerging system of technology that uses strategies and technologies to link data from a variety of sources in order to derive deeper meaning from it. This creates enormous potential to enhance business performance and enable better decision making based on advanced analytical insights.
IoE however can also pose a real threat to businesses if not implemented properly. The sheer volume of sensitive data and personal information that is flowing between devices, and throughout the entire internet, can create vulnerabilities in business information security.
As businesses increasingly invest in technology trends like cloud and mobile, the number of connected devices, and amount of shared data grows. Therefore, CIOs are faced with the challenge of managing cyber risks. It is therefore essential that businesses are able to analyse and understand potential weaknesses in their digital security, and be prepared for an attack, should it ever happen.
Cyber-attacks on companies are becoming increasingly sophisticated and frequent, so security solutions need to not only be advanced, but also aligned with changing business models to support new technologies.
For many organisations, the existing security defences are under increasing pressure. Point solutions, in particular antivirus software, IDS, IPS, patching and encryption, are some of the key methods used for avoiding attacks. Effective cybersecurity is becoming increasingly complex to deliver however, as many solutions become less effective over time as hackers find new ways to circumvent controls. Organisations must continuously revisit security policies if they are to capitalise on IoE, and CIOs have to formulate a security strategy that can deal with the most modern risks.
As businesses and people use a wider selection of connected devices, the perimeter or possible area of attack is becoming ever larger. Cybersecurity professionals therefore need a system that will show them a real-time representation of all devices and data in use, and the relationships between them. This will enable them to track and monitor potential threats, such as unsecure connections or suspicious downloads.
From a business perspective, overcoming complexity and fragmentation in technology environments should therefore be a key focus area. Greater automation and faster analytics will also be required to enable the required level of security monitoring. There are also several Security-as-a-Service (SECaaS) solutions that businesses can invest in. These systems are delivered via the cloud and have the advantage of being able to scale quickly to suit changing business needs.
With IoE integrated into every business in every vertical there is potential to change the world as we know it. But there will however always be risks associated with new technologies. If these risks are not effectively managed, it can result in a major disruption to business and massive loss of revenue. If a business is to thrive in this connected age, it must conduct a thorough and accurate risk and threat assessment, and develop a strong, dynamic security framework.