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Information security spending shouldn't be driven by compliance
This article is part of the June 2010 issue of Information Security magazine
Do you know what your company's data is worth? I'd like to think you do, otherwise, how can you appropriately allocate security resources to keep that data safe? Chances are, however, you don't know. Otherwise, you wouldn't be spending as much on compliance as you are. Compliance-driven security is being forced upon most of you, and it's an approach that's totally contrary to what you should be doing. If data is indeed king, why aren't you following a data-centric approach to security? A recent RSA/Microsoft/Forrester Research report called "The Value of Corporate Secrets" tried its best to put a value on the data your company either produces--in the form of intellectual property or trade secrets--or collects from customers and partners. Their conclusion: Regulatory pressures force companies to spend close to half of their security budgets on compliance-driven security projects. The problem is that the report estimates that proprietary secrets are twice as valuable as custodial data. From the report: "Secrets comprise 62% of the...
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Features in this issue
Cloud computing alters enterprise risk. Here's what you need to know in order to safely navigate the cloud.
Symantec acquisitions of PGP and Guardian Edge future ensures that encryption is becoming less of a standalone security tool.
Learn about the options for protecting laptop data, including full disk encryption and file/folder encryption, and their associated deployment and management challenges.
GRC aims to bring together disparate compliance efforts in the enterprise, but the concept has been stymied by a lack of clarity. Developing a GRC program requires three key steps.
Columns in this issue
Organizations who stay silent after a data security breach end up paying a higher price and helping cybercriminals.
Bruce Schneier and Marcus Ranum debate the risks associated with hiring hackers.
If you're spending more to protect custodial data because of compliance than you are to protect company secrets, you're missing the big picture.