Business Daily from THE HINDU group of publications
Saturday, Jul 07, 2007
ePaper
Business Daily from THE HINDU group of publications Saturday, Jul 07, 2007 ePaper |
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Info-Tech
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Security Industry & Economy - Economic Offences IT managers still clueless about securing information
Preethi J. Bangalore, July 6 One-third of all companies in India face threat of data loss by disgruntled employees. Papers and presentations on strategies, e-mails revealing roadmaps, sales pitches — critical information is being sold and bought across the country. It’s time IT managers arose to tackle the situation, says RSA, the security division of EMC. While researchers and analysts circulate statistics on fraud in the country, IT managers still remain clueless about securing information within the organisation. According to Gartner research, IT departments are unable to deal effectively with leaks. The problem is not an absence of technological solutions, rather the lack of material resources, the analyst firm reported. Privacy Concept
While software exists, managers are not ready to invest in internal security. Currently, IT organisations spend about 10-15 per cent of IT Budget on security. In the next four years, organisations will be hoarding 988 exabytes (988 billion gigabyte) of data, 70 per cent of which will be needed to be protected, according to IDC. A concept called data loss privacy is emerging, bringing hope to the IT manager. “The data loss privacy concept operates on the principle that the amount of private info is small but needs to be tracked. About 25-38 per cent of total info in a company is critical,” informed Mr Srikiran Raghavan, Regional Sales Head, RSA Security, speaking to Business Line. PwC Survey
Risk management cells can be created to track down critical data. The cell consists of executive representatives from all divisions of the organisation — the IT team, information security team, the management who puts down best practices/process into place, human resources and marketing teams. Together, they profile the private/critical information — data that, when in the wrong hands, would harm the firm. The constant tracking of this data should be made into a process (or a best practice), assuring the organisation’s data and brand is intact. Forty seven per cent of the respondents to the PwC survey reported damage to their image, brand, or motivation as a result of such crime. Dismissing access control software and biometrics, Mr Raghavan said, “They do not eliminate the threat. On the contrary, it makes it easier for the thief, who is usually a disgruntled employee. Once he manages to log in, he doesn’t have to search for data anymore. The time spent on gleaning critical data is minimised.”
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