Security and risk management are two of business’ biggest considerations in today’s increasingly volatile cyber security landscape — failings in this arena will lead to potentially irreversible financial and reputational damage. Jobs are even at risk, such are the stakes.
“External factors and security-specific threats are converging to influence the overall security and risk landscape, so leaders in the space must properly prepare to improve resilience and support business objectives,” said Peter Firstbrook, research vice president at Gartner.
According to Gartner, these seven security and risk management trends for 2019 represent ongoing strategic shifts in the security ecosystem that are not yet widely recognised, but are expected to have broad industry impact and significant potential for disruption.
Trend #1: Risk appetite statements are becoming linked to business outcomes
As IT strategies become more closely aligned to business goals, the ability for security and risk management (SRM) leaders to effectively present security matters to key business decision makers gains importance.
“To avoid exclusively focusing on issues related to IT-decision making, create simple, practical and pragmatic risk appetite statements that are linked to business goals and relevant to board-level decisions,” said Firstbrook. “This leaves no room for business leaders to be confused as to why security leaders were even present at strategic meetings.”
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Trend #2: Security operations centres are being implemented with a focus on threat detection and response
The current shift in security investments from threat prevention to threat detection requires an investment in security operations centres (SOCs) as the complexity and frequency of security alerts grow.
According to Gartner, by 2022, 50% of all SOCs will transform into modern SOCs with integrated incident response, threat intelligence and threat-hunting capabilities — up from less than 10% in 2015.
“The need for SRM leaders to build or outsource a SOC that integrates threat intelligence, consolidates security alerts and automates response cannot be overstated,” said Firstbrook.
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Trend #3: Data security governance frameworks will prioritise data security investments
Data security is an increasingly complex issue that can’t be solved without a strong understanding of the data itself: the context in which the data is created and used and how it is subject to regulation. According to Gartner, rather than acquiring data protection products and trying to adapt them to suit business needs, leading organisations are starting to address data security through a data security governance framework (DSGF).
“DSGF provides a data-centric blueprint that identifies and classifies data assets and defines data security policies. This then is used to select technologies to minimise risk,” said Firstbrook. “The key in addressing data security is to start from the business risk it addresses, rather than from acquiring technology first, as too many companies do.”
Trend #4: Passwordless authentication is achieving market traction
Passwordless authentication, such as Touch ID on smartphones, is starting to gain traction in the market. The technology increasingly being deployed in enterprise applications for consumers and employees, as there is a significant supply and demand for it.
“In an effort to combat hackers who target passwords to access cloud-based applications, passwordless methods that associate users to their devices offer increased security and usability, which is a rare win/win for security,” said Firstbrook.
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Trend #5: Security product vendors are increasingly offering premium skills and training services
The cyber security skills shortage is growing. And, according to Gartner, the number of unfilled cyber security roles is expected to grow from 1m in 2018 to 1.5m by the end of 2020.
Advancements in artificial intelligence and automation will reduce the need for humans to analyse standard security alerts, but sensitive and complex alerts require the human eye.
“We are starting to see vendors offer solutions that are a fusion of products and operational services to accelerate product adoption. Services range from full management to partial support aimed at improving administrators’ skill levels and reducing the daily workload,” said Firstbrook.
Trend #6: Investments being made in cloud security competencies as a mainstream computing platform
The move to the cloud — for digital transformation purposes — is stretching security teams thin. Why? Talent may be unavailable and organisations are simply not prepared for it. Gartner estimates that the majority of cloud security failures will be the fault of the customers through 2023.
“Public cloud is a secure and viable option for many organisations, but keeping it secure is a shared responsibility,” said Firstbrook. “Organisations must invest in security skills and governance tools that build the necessary knowledge base to keep up with the rapid pace of cloud development and innovation.”
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Trend #7: Increasing presence of Gartner’s CARTA in traditional security markets
Gartner’s continuous adaptive risk and trust assessment (CARTA) is a strategy for dealing with the ambiguity of digital business trust assessments.
“Even though it’s a multiyear journey, the idea behind CARTA is a strategic approach to security that balances security friction with transaction risk. A key component to CARTA is to continuously assess risk and trust even after access is extended,” said Firstbrook. “Email and network security are two examples of security domains that are moving toward a CARTA approach as solutions increasingly focus on detecting anomalies even after users and devices are authenticated.”
