Wednesday, August 22, 2018

Throwing Money at Cyber Security Solutions is a False Economy

Andy Miles via Finextra...
With the option to wield large budgets in the fight against cyber crime there is, however, a tendency for financial service IT leaders to be drawn to the latest, shiniest technology solution of the moment...

What needs real investment, and not necessarily in cash terms is the trinity of People, Process and Technology (PPT). A security vulnerability can appear in any element of the business and a holistic approach that covers all colleagues and operations is vital for a good active defensive strategy.

Technology cannot answer all issues and won’t always work together with the culture and processes already instilled in an organization.

That is why it is so important to have a holistic approach that encompasses a security-first culture, enables constant review of processes and understands the importance of investment in technologies that evolve to combat emerging vulnerabilities and threats. more