Published July 28, 2020
Data security is always important and never more so than during these uncertain and chaotic times.
By Barbara Donohue
These transactions, plus all the other internet activity, provide a staggering amount of data. Savvy companies make use of the data by mining it. “The goal is to turn data into information and [turn] information into insight,” said Carly Fiorina, former CEO of Hewlett-Packard Company, quoted by Streeter.
“Data mining is the process of analyzing hidden patterns of data according to different perspectives for categorization into useful information. . . Data mining is also known as data discovery and knowledge discovery,” according to the Techopedia website.
Streeter described the process, “Take data, process it, analyze it, and determine what patterns you can use.” She offered some examples of applications for data mining:
As more computing power becomes more available, data mining and related processes are becoming more widely used, especially in the last five to seven years, Streeter said. As more data becomes more useful, protecting it becomes increasingly important.
Contrary to some beliefs, most data breaches are due to external attacks. The 2020 Verizon’s Data Breach Investigations Report noted that 70% of security breaches are caused by outside actors, commonly thought of as hackers. The other 30% are due to internal action, such as mistakes made or intentional misconduct.
Many breaches are due to employees’ falling prey to phishing emails. For example, an employee might believe an email that looks like it comes from the company’s chief financial officer requesting that a large amount of money be wire transferred to an offshore “supplier.”
Various organizations and agencies provide guidelines and standards for developing cyber security systems. Streeter discussed three different approaches. The goal for each is the same—safety of data and systems—and many of the guidelines are similar.
The Center for Internet Security (CIS) is a community-driven nonprofit, responsible for a set of best practices for securing IT systems and data. The guidelines start out with inventory and control of both hardware and software assets.
The National Institute of Standards and Technology (NIST) has established the Cybersecurity Framework. Government contractors need to follow this approach, Streeter said, and other companies can also use it. The Cybersecurity Framework consists of five functions:
The Open Web Application Security Project (OWASP) is a nonprofit foundation that works to improve the security of software. OWASP offers principles for writing secure code including building security into the design of an app or other software, rather than trying to patch it afterward. Another principle is to keep user responsibilities and privileges separate and compartmentalized to minimize areas of vulnerability.
Streeter also shared the concept of responsible disclosure. In this approach to finding a website’s vulnerabilities, the company includes on the site a request for the public at large—bounty bug hunters, essentially—to find problems on the site. This can be quite effective in revealing problems. However, if you decide to do this, she said, be prepared to make fixes promptly after vulnerabilities are reported to prevent these same vulnerabilities from being exploited.
Prepare for when problems occur, not if they will occur, Streeter said. “Don’t think it will never happen.”
In addition to the hardware and software guards put in place, Streeter said, implementing a security awareness and training program is of great importance. Employees may not enjoy the process of taking training classes periodically, but this education in how to avoid pitfalls is a critical part of an overall cybersecurity strategy. To keep it relevant, Streeter suggests training should include real-life examples, such as samples of actual phishing emails.
Every company needs to come up with its own unique cybersecurity strategy; one size does not fit all. The different approaches to securing your data have the same goal: protection from data breaches. “Everyone is exposed on the internet,” Streeter said. “This we have in common.”
Barbara Donohue is Web editor at VALVE Magazine.
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