Data breaches are expensive, that isn’t a surprise to anyone. The top 13 breaches of last year alone cost the affected companies more than $32 billion. After the initial incident, the exposed information can take on new lives. Once the data is out there, it is completely exposed and the backlash of a breach can seem never ending and be costly well beyond the initial event.
The only real way to save money and keep security costs low is to take preventive steps to avoid common vulnerabilities and to minimize their impact. A good enterprise security solution will keep your information secure, will allow you to maintain your business’ reputation, and will cost significantly less than a data breach. The damage of a breach goes well beyond fines and fees. Fines and fees are certainly an issue, but we now see breaches impacting consumer confidence and company share prices. Unfortunately, for many organizations, security improvements and overhauls seem overwhelming, and few initiatives get off the ground unless there is a significant problem. At that point, the damage is already done.
Luckily, as 2016 is underway, reducing the number of hacks is becoming an important item on the enterprise agenda this year. Here are five best practices to consider for your 2016 security plan.
Enterprise security is a cross-departmental problem that affects many different stakeholders. Everyone from the C-suite to Operations, Development, and Security needs to be on the same page before any action takes place. This means your organization’s security requirements need to be carefully outlined and agreed upon while aligning with each department’s strategic goals for the year. Remember to approach these discussions with a sense of collaboration and without any confrontation.
Once aligned, how can you determine if you are succeeding? Creating a series of success metrics will help align your team as well as demonstrate if you are improving along the way. Some meaningful metrics you may consider tracking are as follows:
Role-based access control (RBAC) is another key component in preventing data breaches. Clearly defined roles and access policies for users and applications can ensure that all exposure to data is appropriate and based on a well-defined set of policies.;