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The top 7 security and risk management trends for 2019

The top 7 security and risk management trends for 2019

Thought not yet widely recognised, these trends are expected to have broad industry impact and significant potential for disruption long-term, reports Gartner

Gartner has identified seven emerging security and risk management trends that will impact security, privacy and risk leaders in the longer term.

The analyst firm says these top trends are 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.

“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,” says Peter Firstbrook, research vice president at Gartner.

He lists the seven areas to prepare for:

One: Risk appetite statements becoming linked to business outcomes

As IT strategies become more closely aligned with 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,” says  Firstbrook. “This leaves no room for business leaders to be confused as to why security leaders were even present at strategic meetings.”

Two: Security operations centres being implemented with a focus on threat detection and response

The shift in security investments from threat prevention to threat detection requires an investment in security operations centers (SOCs) as the complexity and frequency of security alerts grow.

According to Gartner, by 2022, 50 per cent of all SOCs will transform into modern SOCs with integrated incident response, threat intelligence and threat-hunting capabilities, up from less than 10 per cent 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,” says Firstbrook.

Three: Data security governance frameworks to prioritise data security investments

Data security is a complex issue that cannot 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.

Rather than acquiring data protection products and trying to adapt them to suit the business need, 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 minimize risk,” says 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.”

Four: Passwordless authentication gaining market traction

Passwordless authentication, such as Touch ID on smartphones, is starting to achieve real market traction, says Gartner.

The technology is being increasingly deployed in enterprise applications for consumers and employees, as there is ample 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,” says Firstbrook.

Five: Security product vendors increasingly offering premium skills and training services

The number of unfilled cybersecurity roles is expected to grow from 1 million in 2018 to 1.5 million by the end of 2020, according to Gartner.

While advancements in artificial intelligence and automation certainly reduce the need for humans to analyse standard security alerts, 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,” says Firstbrook.

Six: Investments being made in cloud security competencies as a mainstream computing platform

The shift to cloud means stretching security teams thin, as 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,” says 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.”

Seven: Growing presence of continuous adaptive risk and trust assessment approach 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,” says 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.”

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Tags CISOrisk managementCSOGartnercybersecurityPeter Firstbrook

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