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The data security money pit

The Data Security Money Pit: Expense in Depth Hinders Maturity, a January 2017 study conducted by Forrester Consulting on behalf of Varonis, found that organisations are focused on threats rather than their data and do not have a good handle on understanding and controlling sensitive data.

The fragmented approach to data security exacerbates vulnerabilities and challenges, 96 per cent of respondents believe a unified approach would benefit them, including preventing and more quickly responding to attempted attacks, limiting exposure and reducing complexity and cost.

While data breaches destroy customer confidence, impact revenues, attract large regulatory fines and cost C-levels their jobs, 76 per cent of data security professionals believe in the maturity of their data security strategy, according to the study. Despite heavy investments in a variety of data security tools as part of their strategy, 93 per cent report persistent technical challenges in protecting data.

In order to provide data visibility and controls organisations desire, the study states: “It’s time to put a stop to expense in depth and wrestling with cobbling together core capabilities via disparate solutions.” Almost 90 per cent of respondents desire a unified data security platform. Within such a solution, 68 per cent see the value of data classification, analytics and reporting to help reduce risk. Additional criteria also include meeting regulatory compliance (76 per cent), aggregating key management capabilities (70 per cent) and improving response to anomalous activity (66 per cent).

In summarising the findings, Forrester writes: “A platform can help to address concerns and challenges that have sprouted from trying to make use of many disparate tools, freeing up resources to allow for greater focus on ensuring that firms have the correct policies, procedures and remediation actions in place to meet business and data security strategy objectives.”