Security Management for 2021 and Beyond- iBoss
By: Mark P.
Tags: Security Management, Security, B2B, Software Development, 2021

As the world moves towards more powerful technologies, it also requires a different perspective on security management. Gone are the days when security managers had to adapt their security plans based on current problems. Now, the security management team needs to devise plans which can predict how and where the loopholes may crop up, and what would be the effective way to deal with the problems.

What is Security Management?

Security Management mainly deals with how the security managers of a business and a company can predict and tackle oncoming issues and problems. They check the current security protocols to check if there is a possibility of a data leak. They also ensure that the business or company adheres to the strict guidelines established by the state and federal governments. This includes the Occupational Safety and Health Administration (OSHA) guidelines. They may also ensure that the staff in the business are aware of the company protocols.

The Many Facets of Security Management

Security Management comprises of two different kinds of security: physical and digital. As such, there are different facets of Security Management that correlate to the two different kinds.

Physical Security: This relates to the protection of valuables and cash in an organization. It can also refer to building security, and the management of human resources. Information Security: The Security Management team also has to take care that there aren’t any data leaks through the company. The Security Management team may be contractually obligated to save certain data elements which can be considered sensitive. Computer Security: This refers to the protection of computers — both hardware and software. In terms of information leakage, they must employ special tools to track the leaks. Fraud Management: The Security Management team must devise plans in order to tackle instances of fraud. If valuables or information is stolen, then the team conducts behavior analysis and streams in order to get to the root cause of the problem. Forensic Auditing: If a certain issue occurs with the security (for example, a data leak), then the security team may have to cooperate with an independent third party in order to conduct an audit. This audit log will then be submitted to the investigative bodies.

A Few facts of Security Management

Cyberattacks on organizations and companies are now exceeding losses of over $1 trillion. If a company does not safeguard itself against such cyberattacks, then its losses may be insurmountable. Keeping in mind this figure, here are a few facts about security and data management:

There are three different targets: The thieves which commit cyberattacks usually target businesses. If these businesses are government, technology, or retail-based, then there is a high chance of a cyberattack. These businesses tend to store valuable data and information in their data banks. In 2013, Target retail store was the victim of a cyberattack. Over 40 million customers had lost their data, and some even having their data stolen. This cyberattack and breach cost Target around $162 million. Most Organizations lack a plan: Considering the fact that there’s such a high chance of cyberattacks happening to any business, at any time, it is advisable to have a plan of action. However, this is not the case. To add to this, 77% of companies are devoid of a contingency plan. 54% of companies have been cyberattacked at least once a year. These facts and figures can be quite distressing, and to avoid being added to this list of casualties, a business needs to have a contingency plan for such eventualities. Bitcoin transactions entail illegality: Bitcoins were held as the economy change, especially considering the fact that they were more global in nature. However, it did not come to pass, and bitcoins’ values have become quite unstable and volatile. Moreover, at least 46% of all transactions with Bitcoins being related to some form of illegal activity. When you start a business/company, ensure that you read up on Bitcoins and instruct your Security Management team to instruct staff on protocols regarding the handling of such forms of internet currency.

These are just a few important facts and figures when it comes to data security management. In 2021, security management, especially at an online level, will be heralded as an important sphere. With the coronavirus pandemic restricting a lot of business to online servers, it is imperative that stringent security measures are taken in order to curb the probability of data leaks and other such issues.

iBoss security management solutions are helping the industries globally with their customized and robust methodologies. With a whopping 15 years of business and technical expertise, we are the team you need for safeguarding your business assets, resources & data.

So wait up no more and connect with us at info@ibosstechsolutions.com

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