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According to the Global Center for Digital Business Transformation
(DBT Center):
4 of today’s top 10 incumbents
(in terms of market share) in each industry will be displaced by digital disruption in the next
5 years.Source: Global Center for Digital Business Transformation, IMD and Cisco
The Internet of Everything (IoE) is
generating unprecedented
opportunities for networked connections
among people, processes, data,
and things.
19 trillionvalueSource: http://ioeassessment.cisco.com/learn, Cisco
We are now facing a similar evolution with respect to security. Security must be everywhere — embedded into the heart of the intelligent network infrastructure and spanning throughout the extended network.
In a recent IoT Survey by Cisco Consulting Services that included 1,230 customers globally, when asked …
“What are the biggest drawbacks of adopting IoT solutions in your
organization?”Customers answered…
“Threats to the privacy of our workers
and/or customers”
“Threats to IT or
physical security”
Source: “Attaining IoT Value: How To Move from Connecting Things to Capturing Insights,” Cisco, December 2014
Security needs to be as pervasive as the IoE itself.
Security needs to be as pervasive as the IoE
itself.
Attack vectors will increase
65% of companies said they couldn’t stop a breach because it evaded existing
preventative measures
33% of companies took more than 2 years to discover the breach
55% of companies couldn’t identify where the breach occurred
Source: 2014: Year of Mega Breaches, Ponemon, 2015
Contextual data is more valuable
The more valuable data/insight becomes, the more attractive
hacking becomes
New security challenges will arise
Implication The increasing value of data
is fueling a high-growth hacker economy
Attackers have increased their understanding
Hackers relentlessly drive attacks home, using tools developed
specifically to circumvent chosen security infrastructures
CEO’s Top Challenges
Threat to data
42%
Inability of IT to keep
pace with change
38%
Regulatory challenges
32%Source: Cisco Consulting Services, 2012
Lawsuits
Security breaches will be increasingly costly to businesses in the following ways:
Revenue
Intellectual property
Brand image
Average cost of data breach in 2014
Average cost of data breach in 2013
$5.4 million
$4.5 million
Source: Ponemon Institute, 2014
Embedding security everywhere allows security to
become an enabler for businesses to take full and secure advantage of opportunities presented by new digital business models and the IoE.
Download the Security Whitepaper
Download the Midyear Security Report
See how digital transformation is fueling the next wave of
the Internet