Fed up with enterprises using lack of budget as an excuse for not securing data properly, Davey Winder investigates whether organisations could actually do more with less.
As a company with a reputation for building mission-critical IT systems for the defence and aerospace industries, Thales has an understandable interest in IT security spending.
Which is why I was surprised to find myself reading a report (http://www.thalescyberassurance.com/white-papers.htm) commissioned by the company which suggested businesses may be spending too much on IT security by over-protecting non-sensitive data.
Depending upon your company’s appetite for risk" she explains "no data is ever considered as non-sensitive.
Ross Parsell, director of cyber strategy at Thales UK, warns that, while the volume and scale of cyber-attacks show no signs of slowing down, there is a danger that resources are sometimes assigned to areas that do not need them.
This idea that IT departments might be spending too much on the wrong things got me thinking: could the average enterprise do better, and be more secure, while spending less?
A great deal of the overspend argument depends on what organisations class as 'non-sensitive data', explains Logica’s business consulting cyber security lead, Cheryl Martin.
"[In certain companies] No data is ever considered non-sensitive,” says Martin. “Cyber criminals earn their keep from obtaining and reselling the most innocuous piece of information which, with careful company grooming, could be used to pull together an in-depth view of the targeted organisation and individuals".