The Internet of Things (IoT) is a growing concern for today’s digitally-focused businesses. Every connected device you own can add another security concern to your list. If it collects and stores personal information and data, you’ve just added another attractive target for criminals to access your network. In fact, 57% of IoT devices are vulnerable to medium or high-severity attacks.
According to a study conducted by Ropes & Gray, 57% of senior-level executives rate “risk and compliance” as the top two categories they feel the least prepared to address. There are a lot of misconceptions about compliance and risk management. Both help to prevent security threats to the organization’s legal structure and physical assets. And often, when people hear the terms compliance and risk management, they assume the two are the same.
Here’s an obvious statement for you: mobile applications are essential to how we go about our lives. From sharing files with colleagues to managing finances and connecting with family and friends, they seem to be able to do everything we need. But here’s the catch: developers rarely build apps from scratch and security is not typically their top priority. To quickly add features, they often rely on prepackaged code known as software development kits (SDKs).
Everything connected to your network poses a security risk. Every application on every device poses a threat to that device which then increases your security risk profile. Ultimately, organizations need visibility into all users, applications, and devices on their networks. Whether arising from employees using personal devices or downloading applications to corporate devices, shadow IT is becoming a bigger problem for organizations.
In most companies today, there is a critical divide between the Chief of Information Security (CISO) and their board of directors. Our new book, The Perfect Scorecard: Getting an ‘A’ in Cybersecurity from your Board of Directors , is an attempt to close that gap. The Perfect Scorecard features insights from 17 leading CISOs and executives known for their leadership skills and their ability to communicate across roles and sectors.