“Securing customer data in property and casualty insurance, life & savings, and asset management products is tantamount to protecting a company’s ethos. After all, organizations in this industry gain brand loyalty by promising to give customers’ “peace of mind,” which now includes maintaining the privacy and security of their information.
However, one leading global insurance company reports that another business mandate— offering best-in-class customer service—can pose challenges to the mandate to protect customer data. How does an organization provide anytime, anywhere access to services, while also protecting confidential customer data from unauthorized access and leak? more “Providing secure access to information for improved customer service while streamlining IT operations”
By E.K. Koh, VP of Solutions at NextLabs
It’s not your perimeter. It’s not your applications. In an age where there is no perimeter, where data moves from application to application, from servers to desktops to tablets and smart phones that the company does not even own, managing security at the perimeter or application is essential, but not sufficient. What is your value at risk? It is your DATA.
Data is Valuable
In a survey by Forrester, companies noted that corporate secrets (or intellectual property) comprise 2/3 of their information portfolio, with 1/3 being customer custodial data. The figure below shows the relative value of different types of data rated on a million dollar scale: more “4 Ways IT must Change to Protect your Business”
By E.K. Koh, VP of Solutions at NextLabs
It depends on whether you believe the analysts.
In the report “Information Security Predictions and Recommendations 2014”, Kuppinger Cole recommends that enterprises “Focus on strategic elements such as Information Rights Management for documents and Enterprise Key and Certificate Management (EKCM) for managing the secrets.” And, at the recent European Identity Conference, Kuppinger Cole identified Secure Information Sharing as a hot topic, by calling out Rights Management as an enabler. [Source: EIC 2014: Trends and Hot Topics, Kuppinger Cole, May 2014] more “Is this the Right time for Rights Management?”
By E.K. Koh, VP of Solutions at NextLabs |
The direct financial costs include future loss of revenue when trade secrets are stolen today. According to the Battelle Foundation report “2013 Global R&D Funding Forecast”, the financial costs of intellectual property theft – internal and external – are compounded over time. When trade secrets are stolen, so is the future revenue that would come from licensing and sales of the research and of the products created. more “What are the Financial Costs of Data Loss?”
by Sudhindra Kumar, Principal Software Engineer at NextLabs
Kentucky recently joined 46 other states in the U.S. that enacted a data breach notification law. California is the vanguard – enacting the first such law in 2002. And now, the high profile data breaches of retailers Target and Neiman Marcus are serving as stimulants for revisions to and improvements of the breach notification laws. more “Data Security in the Cloud – beyond Encryption”
By EK Koh |
Recently Forrester published a report titled “Twelve Recommendations for your Security Program in 2014”. There are many good recommendations. One of them is: “Define your Data and give it an Identity to better protect it”.
This is timely. more “Give your Data an Identity?”
By Sudhindra Kumar, Principal Software Engineer at NextLabs
In my previous blog, we discussed about Data Governance Policies and Regulatory Compliance.
In this post, we’ll see some of the options available to protect data at rest and in transit. A few years ago, protecting data in transit was considered more important than protecting data at rest. However, with the proliferation of Internet and cloud technologies, and the subsequent issues related to data breaches have put the spotlight on protecting data at rest as well. Let us take a look at different solutions for protecting data at rest and in transit: more “Cloud Security – Protecting data at rest and in transit – Information Risk Management for the Cloud”
By E.K. Koh
In my last blog, Would data-level controls have stopped Snowden, I highlighted the importance to separate system rights from data rights. But what if Snowden was using a login credential that in fact grants him rights to sensitive data? Accounts vary, but in the blog What the Snowden affair taught us , Anand alluded to the fact that Snowden gained access by stealing credentials of users with higher privilege. Unfortunately, even a system with fine grained data entitlement capabilities will not be able to stop Snowden, under his new identity, from copying sensitive data. more “Can we turn off Snowden’s access after the fact?”