Intelligent CISO Issue 03 | Page 38

FEATURE or the exposure of sensitive customer information, a data breach can bring on financial losses, legal action and significantly damage customer confidence and corporate reputation. How important is it that organisations have solutions in place to prevent a data breach? SM: An ounce of prevention is worth a pound of cure, so the saying goes. When it comes to protecting your organisation against the imminent threat of a cyberattack, it’s essential to factor in both. Today’s hackers are motivated and more organised than ever. This past year has shown how vulnerable organisations of all sizes are. Many organisations use content-aware pattern-matching methods to protect outbound Internet communications such as email. However, they neither monitor nor control outgoing electronic communications through web and FTP access. Data loss through web and FTP access is considered a relatively minor threat, and it can go undetected or unresolved for days or even longer, creating the risk of confidential information falling into the wrong hands. Organisations need a data loss prevention solution for many reasons. More than 50 countries, including the United States and countries in the EU, have enacted data protection laws that require organisations to demonstrate their compliance with government and industry regulations regarding information privacy. These regulations go beyond simply securing data. Failure to comply with them may result in civil and criminal penalties. A comprehensive DLP solution helps organisations comply with these government and industry regulations. Data breaches by employees pose a tremendous threat to efforts to prevent confidential data from leaving an organisation. Organisations want to have 360-degree monitoring and control of data use across corporate and web 38 emails, external file uploaders, social media and other applications, including SSL encrypted sessions. Deploying a comprehensive data loss prevention solution will help them monitor and control the applications that employees access. It also provides historic data for forensic analysis in case of reported violations. proceedings. Email is the primary location for breaches so should be the first place that any IT professional starts when looking to prevent a data breach. With the right solutions in place to protect your email you will be able to protect against inadvertent loss and malicious attacks. JO: Having solutions in place to prevent a data breach is essential especially as organisations store more critical data in digital form. But data leak prevention is no easy matter. Monitoring the vast amounts of information that flow through the organisation is a challenge; stopping or quarantining content based on complex security rules and user roles is even more difficult. What is best practice for CISOs when assessing how to prevent data breaches? And while risk and compliance personnel may push for the strict data leak prevention measures, these controls should not be so rigid that they stifle productivity by preventing authorised users from quickly and easily accessing data they need. Additionally, a data breach prevention solution must provide tamper-proof evidence about data leaks for use in disciplinary actions and legal SM: The Cisco ACR report also found that 80% of data breaches originate from third parties. To reduce risk, organisations must foster a value chain where trust is not implicit and security is everyone’s responsibility. Keeping the difference between responsibility and accountability in mind, everyone in the company needs to be responsible for cybersecurity. Cybersecurity is finally becoming a top- of-mind business objective for many with many organisations making the board hold accountability, which makes sense considering a large security breach/ incident doesn’t only affect finances and productivity but can severely damage customers’ trust towards the brand. Issue 03 | www.intelligentciso.com