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July 29, 2014

Building a Corporate Security Strategy

Security is a strategic activity needed to maintain the privacy and integrity of data stored in any network. It is of paramount importance for businesses because its database stores millions of personal data and credit card details of its customers, and if this information gets into the wrong hands, it can have a negative financial impact on the customers. Consequently, security attacks cause customers to lose their trust and confidence in the company, and to prevent this, companies have a security strategy in place.

This security strategy has become intense during the last couple years due to breaches by the NSA, and other attacks on the Point of Sale (PoS) terminals of companies. A survey conducted by CyberArk show that 37 percent of companies were impacted by the Edward Snowden incident, while another 31 percent opined that the attacks on PoS terminals impacted them the most.

To counter these threats, it is important for companies to build an effective corporate security strategy. The first step is to understand the cyber security risks that can affect the organization, as this understanding will provide a better sense of direction on the security strategy. Once the risks are identified, the company can then formulate a security strategy that would bring together its personnel, physical security mechanisms and technical security on the same plane. These measures should be implemented company-wide to reduce vulnerabilities and to boost the overall cyber security. Despite having these security mechanisms, there will be attacks that will breach any company's defenses. The best way to handle such events is to plan and prepare for it.

In short, a corporate security strategy is essential to protect a company's sensitive information. This strategy should be based on an understanding of the possible threats, and should be comprehensive to thwart most of the cyber attacks. 

Edited by Adam Brandt

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