Organisations today do not simply react to cyber threats, but are instead creating agile and adaptive IT infrastructures, said Matthew Gyde, Dimension Data's Group Executive-Security.
"Perimeter-based cybersecurity today won't be sufficient to carry organisations into the future. In addition, in today's digital world, data sharing is essential to the creation of new digital business products such as Web apps and mobile apps, which integrate customer information, through an application programme interface (API). However, opening company data up is risky too, which is forcing leaders to balance the risk and reward of new digital business value, with the cost of creating properly secured systems," explained Gyde.
Through his e-book titled "Cybersecurity for Digital Age", Gyde discussed the current security landscape, as well as that in the next five to 10 years.
He noted that organisations will begin to struggle with managing their cybersecurity as threats become more frequent and more sophisticated. In addition, a major shift in how organisations think about identity, value and security will be required as new ways of storing, sharing, and using data emerge in the next two to five years.
Gyde also suggested that businesses must focus on balancing the need for rapid innovation with the cost of modernising and securing legacy IT systems.
Over the next 10 years and beyond, businesses will evolve rapidly and take full advantage of opportunities for digital innovation, as well as work together to secure the clouds of data that is essential for business and daily life. In line, the increase adoption of cloud will require all companies to manage endpoint security while some new applications will need to secure the data itself from attacks.
Gyde also explained that agile organisations that have mastered the security of their systems will have a competitive advantage and the ability to selectively unlock and extrapolate data for the benefit of society and individuals.
As digitised companies form significant strategic partnerships, the edges of businesses will become less relevant.
On top of that, organisations that take lead in exploring new digital business models and offerings will likely become targets of increasing skilled cybercriminals. As such, Gyde said these businesses will need new agile strategies for managing and designing secure IT in order to manage the risks brought by accelerated innovation and evolution.
"Organisations that do well at securing their data will be more likely to take on the daring innovations their competitors won't risk," said Gyde.
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