Calculating ROI For Data Security

| May 12, 2015

It can be difficult to try to persuade upper management and the executive in the need to invest in more IT security, especially when you are taking a 3-5 year outlook in the argument, but return on investment (ROI) can play a very positive role in building your case. Its important that you approach your organizations security from more than just an off the shelf software perspective, and make the case for specialized in house staff.

Security For Data

Security For Data

Off The Shelf vs Hands On Approach

Due to the interconnected world of today’s activities in business with such approaches as mobile working, and bring your own devices, there is essentially no perimeter to defend compared to the traditional network of the past, Executives and information security leaders when considering what technologies they must use to effectively and efficiently protect their day to day business operatives are opting for more off the shelf packages and systems. They are neglecting the hands on control that is best suited to today’s security breaches, where someone can adapt and adopt to what the business needs on a daily basis. Having a security presence is essential for any medium and large sized organizations, especially if you are using any kind of cloud computing service or where the constant worry of data loss is an issue.

Network Connectivity

Managing overlapping networks in your environment doesn’t have to be a large gamble on unproven, or new technologies. If companies understand the existing tools they already have, and determine if existing staff are already trained comprehensively to get the most value from the existing resources onsite. Companies don’t have to buy products just because an analyst points out that they serve an industry standard need, they should purchase based on the specific needs of the the business. How do you accurately know what these needs are? Here we come full circle to the case for in house security staff that analyse, and recommend these needs.

Where are networks of the future going? We can take a look at some of the pioneering approaches that are used with certain unique approaches such as the SETI institute. The SETI@home program uses the spare compute cycles on your PC and all the other PC’s that are connected to the program around the world in the search for extraterrestrial life.

The SETI network has no defined perimeter, as people who are connected constantly ebb and flow with their connectivity. This is a good picture of how people will interact with networks in business too. Its this flexibility that will see mobile and home workers revolutionize productivity, but also open up the door for greater training and software in security.

Management Perspective

The prioritization of risk based on needs that are specific and identifiable offers a better ROI than just buying off the shelf generic products. ROI doesn’t come from an expensive new security package, it comes from the definition that companies give to their specific needs.

The board of directors, and management in today’s business are much more tech and security savvy than they have been ion he past, due to technology invading almost every angle of our lives. They are better able to understand the value of security measures on the reputation and brand of a business. Organizations that experience a major data and security breach can expect a serious impact on their reputation and market capitalization as well as immediate and future sales if their customer bases loses trust in how they handle their data.

One approach to security technology may be totally incompatible with the needs of another film, even if that business is in the same sector. Management is more aware than ever that money spent on the remediation of a breach as well as the associated direct costs as many times more expensive than the implementation of a comprehensive security plan in the first place. The approach of security professionals on the current state your in house security should be that a breach has already occurred, and they should work hard to plug all the major gaps that are currently exposed. This is a more cost effective approach instead of waiting for one to happen and then try to patch things up with reactive approach.

Future of Data Security

Business due to their nature of expansion into cloud with not only their data, but their applications as well, is starting to evolve their security to fit the needs of this virtual security of data across multiple networks. This is becoming more important as convenience and multiple access points are beginning to make their way into how we do business on a daily basis. Its not just enough for employees to know about anti virus or firewall measures, they have to be fully trained to understand the mechanics of the vulnerability of data by using multiple devices and connection points, and how they can take steps to ensure they are accessing this safely.

Its the security department of any organization that is responsible for demonstrating how their networks are able to repel any breaches and protect the organization’s data and confidential consumer data also. Complying with local and market based laws regarding the data you store, and maintaining a network that is always available will be a key part of the security teams ROI as part of the new digital era.

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