In 2020, needless to mention, IT security has faced a dreadful, apprehensive and uncertain future, thanks to the recent pandemic and extensive adoption of Work From Home (WFH) culture. To build a robust cyber resilience, organizations are toiling hard to cope with the newest emerging IT security threats. Apart from the existing threats like phishing, ransomware, Man-in-the-Middle attack, DDoS attack or even Zero-day threats, the major threat of data theft by compromising privileged accounts has topped the list. Almost 72% of organizations have agreed that the security of privileged accounts is their major area of concern while trying to protect their vast data assets from unauthorized and malicious users.
The sudden ‘new normal’ emerging for global organizations due to the pandemic and resulting remote work culture has increased IT security concerns, especially malicious insider threats. Inadequate transition time for adapting to the changes and insufficient IT security safeguards have made global organizations more vulnerable to insider threats and cyberattacks.
Still, implementing best practices can help ward-off IT threats emanating from the misuse of digital identities and credentials. So we thought to disseminate information around that. The stage was set. ARCON being the pioneer in Information Security solutions partnered with KuppingerCole, one of the leading Identity and Access Control advisors and consultants in the world to host a webinar.
ARCON’s marathon with the virtual summits continues! To expand IT security awareness among global enterprises amid digital transformation, ARCON participated at the CIO Axis Roundtable Summit 2020 on 20th August 2020. Mr. Anil Bhandari, the Chief Mentor of ARCON was the speaker of a keynote session discussing the transformation of the current state of cybersecurity by reducing the friction and striking the right balance between IT security and user experience.
ARCON created quite a buzz in a couple of back to back virtual global events recently. The keynote sessions by Mr. Anil Bhandari, the Chief Mentor of ARCON, on both the occasions added immense value to the knowledge-sharing and learning platforms. Here is a brief account of the sessions.
On 28th July 2020, at 11:30 am EAT, ARCON Tech Solutions organized an exclusive webinar for the East Africa region. The topic was: Predict, Protect, Prevent: Modern Security Paradigm for Modern Enterprises. 150+ attendees from India, Kenya, Nigeria and South Africa attended the webinar. Aditi Jain, from the product development team, represented ARCON and delivered a presentation on the importance of Privileged Access Management (PAM) in modern enterprises.
Have you ever heard about 250 years old ‘The Great Banyan Tree’, in the AJC Bose Botanical Garden, Kolkata, India? The vastness of the tree is almost the size of a Manhattan city block with 80 ft high and an area of 14,500 square ft. The number of roots and prop-roots of this banyan tree has surpassed 3600 and it has been a real botanical wonder since ages.
Do you remember the infamous historical character from the battle of Plassey? The chief commander of the Nawab of an East Indian province became an embodiment of betrayal after the historic loss in the battle. The culprit misused the blind trust and faith that his nawab kept on him and eventually allowed the British troops to conquer the land. Who knows if the Nawab would have verified this trustworthiness, maybe the history would have been different? Trust, once lost, can never be retrieved – similarly, the loss which incurs from a mistrust is rarely recovered.
What is the moral of the story?… never assume the ‘trust’ but always reassess it.
KuppingerCole recently published its “2020 KuppingerCole Leadership Compass for Privileged Access Management (PAM)” report and ARCON has been recognized as an Innovation leader by Paul Fisher, the lead analyst. This independent analyst firm from Europe has identified Privileged Access Management (PAM) as one of the crucial components of IT security and risk management in any organization. Today PAM is one of the most indispensable tools to maintain the cybersecurity posture of an organization.
As global organizations grapple with COVID -19 pandemic and the economic uncertainty arising from lockdown, IT security is becoming increasingly a matter of concern. The Security and Risk Management (SRM) pros are on their toes to strengthen their organizations’ digital resilience to combat unexpected disruptions in the business process. Any cyber attack or insider mischief with sensitive data could seriously hurt any organization at a time when employees, vendors, and contractors are remotely accessing systems. ARCON believes that organizations will have to revisit their cybersecurity policies so that the current crisis does not aggravate economic and business continuity challenges. Here are the high priority areas that every organization should look at to mitigate IT security risks.
Digital technologies have spurred innovation and brought a sweeping transformation in the way businesses and government organizations administrate day-to-day operations. It’s altering our lives, bringing people closer whilst it has opened up new avenues for today’s organizations to add value to business, increase productivity, and grow at a faster pace. According to the World Economic Forum (WEF), new technologies spend was expected to increase by 13% compound annual growth rate to $2.4 trillion per year between 2016 and 2020, led by 42% in the IOTs of the total spend. That’s not surprising. Investments in digital technologies raise productivity. In the 2018 report, Digital Transformation Initiative, Maximizing the Return on Digital Investments, co-written by Accenture and the World Economic Forum, the research highlights that the productivity of organizations investing in new technologies is three times higher.