It’s that most wonderful time of the year, because, as we welcome in October, we also welcome National Cybersecurity Awareness Month (NCSAM).
Since 2004, NCSAM has been a collaborative effort between government and industry to raise awareness around cybersecurity while ensuring Americans have the resources, they need to be safer and more secure online. Yet, in the fifteen years since the inception of NCSAM, countless identity theft and cyber breach cases have made headline news, only heightening the awareness of cybersecurity and adding to the criticality of this initiative. The
According to the annual Cost of a Data Breach Report, conducted by the Ponemon Institute and sponsored by IBM Security:
- The cost of data breaches has increased by 12% since 2014 due to increased regulation and complex, longer-lasting resolution processesI
- 24% of the breaches are caused by negligent employees or contractors
- 49% of the incidents stemmed from human error and system glitches
- Average cost of a data breach = $3.9m
- Average cost per record lost = $150vitably become a C-suite issue.
NCSAM follows Insider Threat Month, a month even more specifically dedicated to a specific angle of cyber strategy. The objective of NCSAM 2019 is to emphasize personal accountability and stress the importance of taking proactive steps to enhance cybersecurity at home and in the workplace.
As an organization that’s been at the forefront of the cyber security industry and insider threat paradigm for many years, we understand how to effectively align people, processes, and technologies to build toward a safer, more secure workplace.
We’ve watched as roles like chief data officer (CDO), chief risk officer (CRO) and chief privacy officer (CPO) began appearing in C-suites at companies including Capital One and Yahoo, with responsibilities centered on data security, risk and privacy. Initially,these officials focused mainly on the safekeeping of data, especially in well-regulated fields like finance or healthcare. They were also entrusted with creating a data processing infrastructure and enforcing standards on internal data-keeping policies, and related risk and privacy matters.
Today, these C-level experts have also increased their level of focus on offense, tying work to revenue and products as they arm companies with data-driven insights.
Specific to CDOs, dubbed "CDO 4.0" by Gartner, this new generation of security leader is deliberately focusing more closely on business strategy.
"They care about solutions and how they can impact revenue," said Mario Faria, VP and program director at the Gartner Research Board, in an interview with CIO Dive."Some CDOs are embracing a mentality of product management instead of process management."
A significant element of this strategy is aimed at enabling data analytics, along with its potential benefits to efficiency, become more engrained into the daily flow of the modern workplace. Security analytics are an important piece of this puzzle.
In this month’s series of blog posts, we’ll break down our own role in the cybersecurity landscape and how we’ve been working with CISOs, CDOs, CROs and the like to arm their organizations with the analytics and insight they need to proactively manage risk and ward off potential threats.
Follow this month’s series of blog posts as we align them to NCSAMs overarching message – Own IT. Secure IT. Protect IT. And make sure to follow us on social as we take a closer look into the three components of this years’ NCSAM and take your pledgeto be a NCSAM champion.