By Troy Kitch-Oracle on Mar 04, 2015
We are in the midst of a data breach epidemic, fueled by a lucrative information black market. The perimeter security most IT organizations rely on has become largely ineffective. Nearly 70% of security resources are focused on perimeter controls, but most exploited vulnerabilities are internal.
Effective modern security requires an inside-out approach with a focus on data and internal controls.
A New Hacker Economy
Today, a layered economy of specialized, organized hackers has created a black market estimated to be more lucrative than the illegal drug trade. (Lillian Ablon 2014) Hacking-for-hire has made the black market accessible to non-experts, expanding its reach exponentially. As businesses grow their online footprints, criminals find new ways of attacking their vulnerabilities.
Internal systems are the new perimeter – the new front line in the battle for data security. Security should be built into the customer and employee experiences.
- Manage privileged user access and think beyond the password: another layer of authentication can vastly increase security.
- Make it more costly and difficult for attackers by protecting the most valuable information first.
Rebalancing Information Security
Diminish the information supply chain and cut off the cash flow to the black market. Taking a security inside-out approach could bring an end to the arms race, giving economic recovery a chance.
To learn more about Securing Information in the New Digital Economy, read the joint Oracle and Verizon Report.