June 6, 2016 by Canadian Underwriter
Sixty per cent of digital businesses will suffer major service failures by 2020 due to the inability of IT security teams to manage digital risk, according to a special report from Gartner, Inc., an information technology research and advisory company.
As organizations transition to digital business, a lack of directly owned infrastructure and services outside of IT’s control will need to be addressed by cybersecurity, according to Stamford, Conn.-based Gartner’s special report titled Cybersecurity at the Speed of Digital Business. The collection of research “addresses the new reality where IT organizations have little direct infrastructure and their biggest security concerns will come from services outside their control,” Gartner said in a statement on Monday.
“Cybersecurity is a critical part of digital business with its broader external ecosystem and new challenges in an open digital world,” said Paul Proctor, vice president and distinguished analyst at Gartner. “Organizations will learn to live with acceptable levels of digital risk as business units innovate to discover what security they need and what they can afford. Digital ethics, analytics and a people-centric focus will be as important as technical controls.”
Gartner has identified five key areas of focus for successfully addressing cybersecurity in digital business:
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