In this blog post
Gartner predicts that by 2017, IT organization will spend up to 30 percent of its budget on risk, security and compliance, and will allocate 10 percent of their people to these security functions.
Organizations constantly look for ways to fine-tune their IT business models to meet the ever changing demands of the digital market. According to them, the main challenge lies in the digital complexity that causes Cybersecurity lapses, which in turn have negative business impact and a poor reputation.
As a result, IT firms have realized that their information security needs to be re-evaluated and re-structured.
Here are the top four information security trends
IMPLEMENTING RISK-BASED FRAMEWORKS
Incorporating a risk-based framework allows companies to be proactive in identifying threats, and to prioritize and mitigate them before the occurrence of the adhoc damage. The ISO 27001, the US National Institute of Standards and Technology (NIST) Cybersecurity Framework and the SANS Critical Controls are the most frequently used guidelines.
Studies show 91% implementations of security frameworks improved Cybersecurity.
Trend: Gartner says risk-based approach will solve the compliance vs. security issue
UTILIZING THE POWER OF CYBERSECURITY ON CLOUD
Cloud computing, the most powerful new-gen technology, acts as a reliable Cybersecurity tool. It ensures data protection, privacy and infrastructure and network security. These features give companies an even better reason to transition from traditional IT models to the Cloud platform. This does not mean that organizations should assume that whatever they do within the Cloud will necessarily be secure. Only a small percentage of the security incidents have occurred while using the Cloud.
Trend: Gartner predicts ‘Cloud computing is a highly efficient way for naive users to leverage poor practices, which can easily result in widespread security or compliance failures’.
LEVERAGING BIG DATA ANALYTICS
The year 2016 looks to be the year of Big Data; 2015 saw 59% respondents leveraging Big Data analytics and managed Cybersecurity threats. The number is expected to rise if companies understand real-time data and help predict/avoid data hacking and violation. Organizations need to get a grip on data analysis through their network activity, monitor employee usage patterns and flag inappropriate usage of devices and network access. Some organizations plan to combine Big data with the other employee/management technologies for a better outlook on data usage and security.
Trend: Worldwide IT for Big data spend is forecast to surpass $3.6 trillion in 2016.
COLLABORATING TO STRENGTHEN SECURITY VIGILANCE
Year 2016 may see third-party collaborations with service providers, who offer stringent data security protocols, especially for companies striving to improve Cybersecurity. The value in outsourcing information security activities to third parties reduces their efforts to mitigate risks and bolster their defenses.
Trend: “Collaboration can turn into something more contextualized and more impactful in terms of the business”- Monica Basso, Research Vice-President at Gartner.