Check your Security Strategy Before Propelling Innovation in 2019

February 19, 2019 0 comments

The New Year starts with new resolutions for many. While most of them fade away just because it is hard to keep them; what is true for individuals stands true for organizations as well. Many organizations wish to be on the top of their game and have announced their intent to be more innovative in 2019 making changes that will make them stronger and more competitive.

For organizations, to achieve the targets for innovation requires them to change the way they strategize and act, for it is important to be open to new people and processes, and accept to an uncomfortable level of transparency. This reluctance to embrace to an uncomfortable level of transparency becomes a hindrance when it comes to embracing innovation keeping the security strategy goals intact. It is only when an organization commits to changing its perspective in matters of its privacy and security parameters in order to build the trust needed to innovate and propel its business.

 

The Quest to Innovate Honoring Security Standards

In business, security standards are often perceived as an inhibitor to innovate. Many of them echo that their security teams are always in the business of no, but it should not be this way. Rather as a deterrent, security should be seen as the foundation for a business journey to be more innovative. When organizations integrate security as a regular component of their daily operations, they have to have more bandwidth to adjust their processes, which can empower them to innovate securely.

 

Should Organisations Embrace Openness?

When it comes to security and privacy, most organizations spend a lot of time and money keeping their secrets close to their vest. Security is critical when it comes to corporate innovations and intellectual property.

At first, let’s look at it from a technology and process standpoint of view. Imagine if an organization which had breached security and shared details of its compromise, including techniques attack sources and more. This could prove to be a goldmine for other organizations to benefit tremendously and use this information to proactively investigate anomalies over their networks.

 

Additionally, Openness Should Lead to Hiring

According to industry estimates, there could be 1.8 million unfilled cybersecurity roles by 2022. To address this massive skills gap, organizations are expected to look for talent outside of the traditional security and technology industries. In the times to come, more security roles will be filled by professionals who are equipped with accurate emergency response skills, such as former first responders, as military veterans as well as underrepresented groups comprising of women and people holding nontechnical experience. This influx of new resources could prove to be a catalyst for organizations looking to innovate further.

 

The Debate Between Security and Customer Trust

When it comes to security matters, the current state of cybersecurity with shifting buyer motivations has changed the meaning and priority of digital trust horned by the organizations. In a step ahead, as more and more consumers feel the bite of data breaches, they are becoming more aware and educated about how these attacks can occur. Trust is no longer a talking point instead organizations are entering an era where they must continuously prove they are busy with collecting, storing and deploying personal data safely and respectfully.

As we go past months in 2019, it is important not to lose sight of why we are making changes to our security programs in the first place. Openness and transparency are critical building blocks for customer trust which are imperative for organizations to continuously grow and innovate.

It is hard to keep up the New Year resolutions stand tall, research estimates say that 80 percent of the new year resolutions fail by the second week of February, not because the intent is off or the motivation has faded but simply because that status quo is much easier.  There is always a silver lining to this catch with 20% of the resolutions do succeed to reach new heights. Thus, taking this ethos forward, organizations must target to be in this 20% percentile and continue to innovate with security strategy on their toes.

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