Is Cybercrime Prevention a Priority for Your Organization?

By: Sapna Nauhria| - Leave a comment

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According to Juniper Research, cybercrime is expected to cost the global economy over $2 trillion by 2019. In addition, the average cost of a data breach is $3.62 million globally, according to a Ponemon Institute study sponsored by IBM, and the average breach impacts more than 24,000 electronic records.

Key Causes

Some of the main causative forces behind cyberthreats and data breaches include:

  • Multiple security platforms. With the increasing occurrence of cyberthreats, enterprises have multiple security tools from varied vendors that rarely talk to each other.In addition, the end points, applications, databases and network devices are evolving, creating multiple vulnerable surfaces. This lack of interoperability between tools across varied end points delays threat detection and response.
  • Skills scarcity. Security skills are tough to hire — according to Forbes, there will be 1.5 million vacant cybersecurity jobs by 2020.
  • Rising variety of cybercriminals. Security breach threats continue to arise on the global landscape. Cybercriminals are fueled by easy availability of tools and unnoticed breaches.

Enhancing Cybersecurity

How can companies improve the security of their IT systems? Here are three key steps:

  1. Strengthening: With exponential increases in security tools and exposed end points within organizations, securing an IT environment requires an integrated security portfolio that scans assets for vulnerabilities, prioritizes the severity of each vulnerability and patches or blocks the most critical one, instantly.
  2. Detecting: To identify and fight breaches, organizations need intelligent and integrated security capabilities that enable real-time activity to discover anomalies and block suspicious traffic.
  3. Analyzing: Security analysts are overwhelmed by the rapid growth of data, incompatible information from diverse resources and siloed security systems. They therefore lack visibility and timely actionable insights. To provide a detailed view of key offenses and empower security analysts to act, organizations need security intelligence to efficiently analyze millions of events with contextual data.

Choosing the Right Solution

Today businesses require a more comprehensive security portfolio with the intelligence necessary to identify and fight threats. IBM security immune systems provide a full suite of security solutions to offer an integrated approach to secure your organization.

  • Security Transformation Services accesses the right skills, structures an accurate security strategy to be ahead of new IT trends and embraces rapidly fluctuating techniques to develop a proactive and mature security environment.
  • Security Operations and Response offers an advanced range of technologies that leverages progressive cognitive technology to provide accurate and quick insights to respond across end points, users, network and cloud.
  • Information Risk and Protection identifies business risks with real-time analytics, gains control of user accesses and safeguards interactions through enhanced protection over web applications, cloud, networks and users.

A fragmentary approach to security will not protect organizations in today’s always-on and under-threat environment. It’s time to move beyond traditional security methods and establish an integrated and intelligent security system.

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About The Author

Sapna Nauhria

Marketing Manager, IBM

Sapna Nauhria is a Marketing Manager and is responsible for buyer centric marketing for IBM Systems. She is involved in deep research on roles, challenges, and priorities for IT leaders.

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