I have had the fortune of working in the IT services industry for nearly 15 years. I can see the phenomenon that’s clearly emerging after consulting with my clients in both mid and enterprise markets.
Security is Trending
Cyber security and big data are clearly top-of-mind to those in upper management. In almost every client meeting, the conversation eventually leads to cyber security — mainly because it seems cyber criminals are running rampant with ransomware attacks.
These stories in the news have caused tremendous investments in security. The priority is to increase their defence and ensure their business is not subject to the demands of cyber criminals.
This focus in security is not necessarily a new trend. According to Gartner, worldwide spending on information security will reached $75 billion for 2015.
The last 8-12 months have been a wakeup call for many. In only six short months, almost one billion malware-based incidences occurred between June and November of 2016. It’s estimated that 99 percent of computers are still vulnerable to some sort of cyber-attack.
The average cost of a data breach is US$4 million, according to the study. The Ponemon Institute sampled 383 corporations in a dozen countries, including Canada, for the study.
In Canada, the average cost of a data breach is $6.03 million, according to the Canada-specific study in which 24 local companies participated.
This is one trend all business leaders should be paying attention to.
Harness Your Data to Bolster Security
I’ve noticed more companies clearly interested in harnessing the power of big data analytics not only help their business grow and get ahead of the competition. They are now starting to use big data to help reinforce their perimeter defense in thwarting cyber threats.
It’s difficult to argue how precious a company’s data is. It is likely the most important asset a company holds in its possession. The sheer amount of information living in and across your systems from structured data (searchable fields in a relational database; 10-20% of a company’s data) to unstructured data (social media, e-mail messages, word processing documents, videos, photos, audio files, presentations, webpages, etc; 80-90% of a company’s data ). So how do companies really leverage the insights provided by all of this data that’s abundantly available to help improve threat intelligence?
The global cybersecurity market is expected to be worth $170 billion by 2020. There are hundreds of cyber security defense companies emerging; but which ones can truly help you understand your data and find ways to not be so reactive – but rather proactive – in defense strategies in order to get in front of cyber criminals and ensure you the best line of defense?
Here are a couple of companies that are truly helping companies analyze their data to gain the insights needed to implement strategies for the best defense.
Splunk Enterprise Security (ES) enables security teams to use all data to gain organization-wide visibility and security intelligence. Regardless of deployment model—on-premises, in a public or private cloud, SaaS, or any combination of these.
Splunk ES provides organizations the ability to:
- Improve security operations with faster response times
- Improve security posture by getting end-to-end visibility across all machine data
- Increase detection and investigation capabilities using advanced analytics
- Make better informed decisions by leveraging threat intelligence
Trustwave helps to automate and build sustainable compliance initiatives, to elevate defenses against threats, and gain new insights. Other highlights of Trustwave technologies include:
- Improved compliance efficiencies by enabling logging, correlation, and a single audit point for compliance across the entire ecosystem
- Elevated threat intelligence through broader analysis of security data, with advanced threat correlation, rule- and role-based access, customization options and superior reporting
- Scalable enterprise-ready platform to predict and defend against known and unknown threats.
- Advanced threat management provides a highly customizable option, with more heterogeneous data analysis capabilities, flexible architectures, and platform interoperability
These two innovating brands are a few examples of ways companies can find partners to really help not only understand and untap the potential of their data through big data technology, but also using this data as a tool to bolster cyber security.
Bottom line → Your company data can be turned into a tool to give you more insights to help grow your business, but it can also be used as a weapon to fight the bad guys.
Thyagi DeLanerolle has worked in IT solutions sales for nearly 15 years through uncompromising integrity, passion for our customers’ success, and a commitment to excellence. She is currently a Sales Account Executive with PCM Canada. With over 30 years’ experience in Information Technology, PCM Canada serves large and mid-tier organizations through end user device lifecycle management, data center managed services, procurement as a service, software licensing, and cloud solutions. PCM Canada operates as a wholly owned Canadian subsidiary of PCM Inc.