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Information security finally a top concern for management

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Corporates decision-makers got together to participate in the Uniken Security Innovation Summit, 2014, at The Grand Hyatt, the maiden edition of the summit hosted by Uniken, and Indian Software Product Industry Round Table (iSPIRT), a think-tank of next-generation software product companies to discuss how security is now on everyone's radar and what needs to be done.

Speaking at the event, Sanjay Deshpande, co-founder & CEO, Uniken said, "With the recent news of organized crime breaches, info-security clearly is no more a concern of just technology practitioners of an enterprise. The cyber-security solutions landscape is rapidly evolving and so are methods and techniques of cyber-crime. It is becoming increasingly clear that cyber-security and the corresponding risk mitigation strategies need to be woven into strategic corporate decisions given the financial and legal impact on organizations. Hence, there is the need for concerted efforts to overcome challenges of the rapidly growing concern of cyber-security."

Speaking about the advancing landscape of cyber-threats, Tal Mozes, leader of Hacktics Advanced Security Centre and Technology Advisor to Uniken said: "There are many mega trends – social media, big data, mobile & digital transformation – that are shaping the way enterprises and its stakeholders interact with each other. While each of these trends are business enablers, they each also pose various threats. On the other hand, digital crime is also becoming more organised, moving toward advanced persistent threats.

In such a scenario, cyber-security can no longer be an isolated function but requires a focused effort and collaborative conversations among the various functions in an organisation."

Advocating the need for a paradigm shift in dealing with cyber-security, Menny Barzilay, former head of IT Audit, Bank of Hapoalim and Technology advisor to Uniken said: "Today, there is a shift in the way organisations are dealing with cyber-security, towards putting larger efforts into prevention rather than just reactively protecting interests. Organizations are beginning to recognize and acknowledge that many of the current systems, while offering security, do not safeguard and proactively prevent many of the emerging threats.

There is a stated need for organisations to find innovative and efficient ways to combat cyber-security concerns."

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