In a continuously evolving technological landscape, global organizations are coming across new challenges to store and protect a huge amount of business data generated every day. While data being the core of any business, it plays the most important role in maintaining business continuity in any industry. While many organizations go all the way to protect tons of data generated every day, few are partially concerned about the security and the remaining stay least bothered about the security of their data assets.
With Facebook admitting recently that the data available online of its 2 billion users are mostly vulnerable, recent reports affirmed that a quarter of a billion accounts were compromised. Later on, Facebook CEO Mark Zuckerberg made history by testifying before the US Congress about the data leakage. People realizing the importance of data safety reaches a different level thereafter.
Who would have thought about a decade ago that digital revolution could completely transform the way organizations conduct routine operations?
From large retailers analyzing and predicting customers’ purchasing decisions to supply chain firms adopting ‘smart’ technologies to ensure quality controls, disruptive technologies such as big data analytics and the IOTs have enabled firms to capture and effectively use the vital statistics in a real-time.
All the top businesses today – Manufacturing& Distribution, Banking & Financial Services, Consumer Products & Services, Technology, Media & Communications, Healthcare & Life Sciences and Energy & Utilities – are expected to grow at a fast pace in the coming decade.
However the evolution of these businesses comes at the cost of rising risks. Analyzing and mitigating the risk factors should take precedence when devising strategies.
Several global studies report the following 10 risks businesses face as of 2016 and beyond:
is data like water?
Data like water is an interesting analogy, It was only during one of my vacations that along a beach, i realized how the two are really similar and especially in the world of technology how data flow is akin to water flow. This paper tries to establish similarities, one’s ability to capture and track source. Further how identities are critical and how data can be tagged to various users. Also it is critical to examine the storage and linkages to the identities under which data is stored.
how important is data
Summary: How the Carbanak hacker’s group stole a billion dollars without getting caught and what we
learn from it.
The financial world and the security industry have been rocked by the recent report from Kaspersky about the cyber-criminals that have stolen more than $1 Billion from global banks through cyber-attacks. The initial reports link the attacks to a multinational criminal group, and highlight the use of sophisticated malware, dubbed Carbanak.