The Insider's Guide to Next-Generation BPM
By Rob Rachwald, Director of Product Marketing, Fortify Software , 12/08/2008
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Not so long ago, a senior executive from one of corporate America's large bellwether stocks received a telephone call from law enforcement, explaining that the company had a major software vulnerability in its corporate web site. The agent described the vulnerability and its location in great detail and requested that it be fixed immediately. But he refused to disclose how he knew.
At the executive's request, the organization's chief information security officer (CISO) investigated the matter, confirmed the flaw and fixed it. Through forensics, the CISO discovered that a foreign government had penetrated the organization's applications infrastructure and was in a position to bring it down whenever the time was deemed right.
Cyber security is no longer just the job of IT. As the true story above highlights, cyber crime today is a silent, invisible battlefield. The anonymity and universal access of cyberspace makes cyber crime attractive and easy. If customers, partners and employees can access sensitive systems from anywhere in the world, then the same pathway to the core infrastructure and priceless data exists for hackers as well.
Defending against cyber crime is costing billions of dollars. According to Gartner, organizations worldwide spent $288 billion on information security products in 2007. The U.S. government is allocating $7.9 billion in 2009 for cyber security, which is $103 out of every $1,000 requested for IT spending -- up 75 percent from 2004. U.S. companies spent $79 billion in 2007.
But is all this investment making an impact? Consider:
What's not working? Businesses build applications to store, process and transact money and data for the sake of efficiency -- but they often failed to properly defend these applications. As business modernized, software security didn't. And hackers have sniffed out the weaknesses. Traditional cyber defensive measures-including firewalls and anti-virus don't protect against data breaches.
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