Is your Firm Prepared to Identify Data breach?
October 19, 2016 | Identify Thefts, Data Security, Malicious Insider
Data Breach-- one of those excruciating costs which are keeping compliance managers and top managements on tenterhooks--is preventable, if firms possess necessary tools to identify malicious attempts to steal information, at the right time.
Traditionally firms in order to interpret their financial standings and gauge the measure of preparedness against innumerable business risks, look at a large set of performance metrics validated by income and cash-flow statements.
But in an increasingly complex cyber arena, there are certain threats, which managements cannot gauge from financial statements and ratios.
Cyber risks pose a big challenge to global corporations. Amid proliferation of digital technology, corporates’ sensitive data, in particular, is under constant threat.
Threats can emanate from several quarters. It could be a malicious insider or disgruntled employee. Or it could be an external malefactor, capable enough to breach your IT ecosystem’s inside periphery.
In this backdrop, it is critical for organizations to possess necessary tools to identify gaps that lead to identity thefts and data breach.
But unfortunately many firms still pay a scant attention over this matter.
A survey conducted by Osterman Research, earlier this year, found that just one-fifth of the organizations in the U.S. (19%) agreed to have “excellent” visibility into their data and database assets; but 39% of companies lacked necessary tools to identify a database breach.
Such tepid approach towards data security will not work at a time when sensitive information has become a priced commodity in cyberspace.
It’s about the time global firms start thinking seriously about having a mechanism in place which would allow them to keep a vigilant eye on possible misuse of identities and database.
Integrating Identity and Access Control Management solution, including Privileged Identity Management solution in your IT environment can significantly cut the risk.
ARCON is a leading enterprise risk control solutions provider, specializing in risk-predictive technologies. ARCON | User Behavior Analytics enables to monitor end-user activities in real time. ARCON | Privileged Access Management reinforces access control and mitigates data breach threats. ARCON | Secure Compliance Management is a vulnerability assessment tool.
Need a solution for safeguarding critical IT assets? Please contact us