Even after numerous attempts at making their systems secure, big enterprises are still struggling to take care of this menace. The existing cybersecurity strategies are dated and are still open to breaches. In an attempt to stay competitive in the market, firms are rapidly scaling, thereby, unintentionally opening up holes. Consequently, today, no organisation can guarantee that it can safeguard its database and network from breaches.
As per a report, there were over 3,800 publicly-disclosed breaches and 4.1 billion exposed records in just the first half of 2019. Irrespective of the companies’ efforts, the breaches are continuously increasing.
To avoid such mistakes and fill these glaring gaps, many enterprises are now revamping their strategy in 2020. Various companies have committed to further enhance their cybersecurity team for fortifying cybercrimes.
In April, Infosys already beefed up its security to safeguard itself from potential cyber attack. And the firm has further planned to enhance security in 2020 by expanding and reskilling its team. Since the firm is also a security solution provider, it was imperative for them to mitigate the rising concern among its clients as well.
We will be launching two new CDCs soon, one each in Indianapolis, the US, and Mysore, in southern India, said Vishal Salvi, chief information security officer and head of cybersecurity at Infosys. “Investment in cybersecurity controls are on the rise year-on-year, and that is because organisations are considering cybersecurity investment very strategic for their current and future business,” he added.
Infosys is mainly focusing on reskilling its team in identity and access management, infrastructure security, security information and event management, security orchestration, automation and response.
To quickly achieve this, Infosys has collaborated with 50 plus global technology partners in cybersecurity to create a constant learning and development calendar.
BlackBerry is no more a mobile company, as John Chen, chairman and CEO of BlackBerry, has been revamping the company’s business since 2013. He is working to make it a data security firm, which is evident with the acquisitor of California-based Cylance, a threat prediction and prevention company, for $1.4 billion in February 2019 for providing end-to-end mobility services.
“Security is the key for BlackBerry; that is why we are acquiring and also collaborating with governments for providing better security,” said Chen. “We are revamping by integrating Cylance technology both on the server-side and on edge for delivering products that are AI-enabled.”
The company is looking to penetrate further deep into the security with superior cybersecurity solutions for helping business fend threats in 2020.
Cloud has become an essential aspect for firms for their business growth by providing superior products. Therefore, it has drawn the attention of hackers towards public cloud databases. According to the report, by 2020, data over one-third of the data will live or pass through the cloud.
Public clouds are now the hot spot for hackers to penetrate and gain access to a plethora of data. Consequently, Google has partnered with multiple cybersecurity firms to protect its cloud platform from getting hacked.
“We understand that our clients have dedicated tools and strategic relationships with leading security vendors. But we want to meet you where you are, allowing you to preserve your investments, as well as facilitate with functionality that you can’t get on other clouds. Consequently, we work closely with partners in the security industry for helping you better secure applications and data,” says Sunil Potti, VP of engineering at Google.
“The biggest problem in India is that most firms go to market without embedding security in their products or services,” says Sriram Lakshmanan, vice president, cybersecurity assurance, Genpact.
The Personal Data Protection Bill (PDPB) got the nod of the Union Cabinet in December, which would require businesses to comply with the provisions related to data security. Consequently, the firm is expected to revamp the security strategy to stay in compliance with the new laws.
“Digital ethics officers will be responsible for implementing ethical frameworks to make decisions comply with PDPB and GDPR. This includes security, bias, intended use, and built-in governance,” says Sanjay Srivastava, chief digital officer, Genpact.
Facebook is on the limelight since the Cambridge Analytica for various privacy lapses that it was guilty of. In November the platform again exposed a couple of tech employees profile picture. Many app developers got inappropriate access to profile information.
Another instance came to light this month, an employee at cybersecurity firm Trend Micro stole personal information’s of about 70,000 of Facebook’s customers and later used it to scam customers. Such regular instances have led Mark Zuckerberg, founder of Facebook, realise the implications of data sharing. “Frankly we currently don’t have a good reputation for building privacy-protective services,” said Zuckerberg. He went on to say that they are devising a plan to reworking on privacy-focused approach over the next few years.