by Angela Guess
Steve Durbin of GigaOM recently explored the risks associated with Big Data. He writes, “As big data becomes a potential game-changer for businesses, the security risks become even greater. Now that businesses have collected and stored all of this data, what are they going to do with it? How are they going to protect it? And most importantly, how are they going to use if safely and legitimately? Users are increasingly alarmed by the amount of data being collected, with whom the data is being shared and how it is being used. Clearly, there needs to be better engagement among key stakeholders and joined-up thinking throughout organizations — from the chief marketing officer to the IT department — to develop guidelines and best practices for the usage, storage and transfer of data both inside and outside the business.”
He continues, “From the information security standpoint, the key issues surrounding big data tend to fall into the following five areas: (1) Cyber security: With more transactions, conversations, interactions and data now online, there are greater incentives for cyber criminals than ever before. According to the Information Security Forum’s (ISF’s) January 2012 report, ‘Cyber Security Strategies: Achieving Cyber Resilience,’ today’s cyber criminals are better organized, more professional and have access to powerful tools and capabilities, which they use to identify, target and attack. When things go wrong, they can go wrong big time for an organization. It’s not the one-off data breaches or hacker attacks stories that hit the headlines, but those with far-reaching consequences that can mean reputational damage, legal liability and even financial ruin. Cyber resilience and preparedness strategies are crucial for big data.”
Read about the next four areas here.
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