The role of the CISO must be redefined as digital transformation continues to disrupt existing processes and the pace of technological change accelerates. Information security is more critical than ever, but so is the need to use technology to promote business innovation. Balancing that equation demands a change in strategy. CISOs must aspire to offer the proper environment for secure business innovation, rather than focusing only on how to safeguard existing settings. Even better, the CISO must be a catalyst for change.
Many of the same technologies that are used to secure environments can be reconfigured to enable new use cases with considerable business transformation potential.
Create secure sandboxes
When it comes to risky behavior like installing and downloading new software or using cloud services, IT security standards often limit options for employees. While restricting such options is a good idea from an information security standpoint, it doesn’t provide developers the creative freedom they need to innovate.
Fortunately, there is a solution to provide developers the flexibility they want without jeopardizing security. The same technologies that are used to secure sensitive applications can also be used to secure vulnerable environments. Developers can be free to do as they wish while limiting the impact if something goes wrong by constructing developer sandboxes on virtual machines that limit access to the host operating system.
Also Read: Organizations are Struggling to Manage Their Cyber Assets
The value of data
The CISO’s greatest opportunity, however, may be in the area of data. There are an increasing variety of use cases where businesses can monetize data and share it with partners, customers, or industry competitors to increase real bottom-line profit value.
The problem stems from the fact that data privacy policies and regulations exist all over the world that ban the exchange of information that contains personally identifiable information. To meet that requirement while also effectively pursuing the potential of a new revenue stream, businesses must figure out how to distribute access to and process data in a way that protects people’s privacy while also allowing them to evaluate data to support new use cases and generate more profit.
Also Read: How Businesses Can Improve Their Fraud Program
Leverage AI and ML
Cloud architectures have not only changed the way infrastructure is handled, but they have also changed the way software is developed. Modern development approaches, such as agile and DevOps, encourage significantly more frequent code releases. While this allows businesses to quickly implement new business operations and features, it also presents issues for the CISO.
CISOs must upgrade their application security program to meet with the growing cadence of code releases. The system can eradicate the majority of current human contacts by making decisions on its own by leveraging technology with underlying ML/AI algorithms to grasp everything that is occurring within the development process. This is a major gain for the CIO since it reduces friction in the development process and consequently speeds up time to market. It’s also a victory for the CISO, because their security professionals can devote their attention to the situations that require it.
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