Security technology is no longer an optional extra – it has now become the linch pin on which forward-thinking companies are basing their operations, it is claimed.
In the current atmosphere of cost cutting, relying on virus protection and a firewall simply isn’t enough. Protecting reputation and intellectual property is paramount and security must now play a greater role than ever in defending an organisation’s future. SO says Iain Franklin, European VP, Entercept Security Technologies, based in London. Visit www.entercept.com
Iain Franklin says: ?The last 18 months have seen a number of high-profile organisations suffer at the hands of system vulnerabilities, including the Government’s own Inland Revenue web site. In being exploited, these vulnerabilities have universally resulted in damaged corporate reputations and reduced traffic on e-commerce and web sites. Any damage to reputation or brand inevitably leads to a fall in revenue. In the current climate, this kind of damage is almost impossible to cushion when margins are already squeezed to suffocation. Saving money at the expense of protecting reputation and margin hotspots carries serious implications: ask yourself whether the company can, for example, afford a five per cent drop in sales revenue and the loss of future customers??
“Of equal importance is the defence of intellectual property. Justifying that the budget line should be drawn above security software is very straightforward when financial officers and IT managers consider that the value of company information increases every day, as the data becomes more refined and continues to grow. Protection against the malicious damage of corporate information has always been a central part of security through anti-virus, firewalls and access control. Yet those most likely to remove or damage this data are often inside the firewall. Disgruntled employees or those about to move to a competitor are often able to misappropriate or damage data. These types of attacks are much harder to track than external hacks or denial of service attacks, and often go completely undetected. Yet the public-facing web server is still a beacon for hackers. IT managers need to ensure the most proactive software available is being used to protect the business from automated and hacker-driven attacks. Security used to be ‘important’, but it is now essential to an organisation’s survival and has moved beyond the traditional bounds of business continuity planning. Security is part of the mix that stabilises reputation, reduces financial risk exposure, and leaves managers to concentrate on growing their business. Whether the economy is on the way up, or heading for another dip, companies simply can’t afford to take the security gamble.?