sb-nz logo
Story image

Agility or risk? The security pain points causing tension in business

21 May 2019

There’s tension in the workplace for businesses – and it’s all to do with the tradeoff between flexible working and cybersecurity.

“According to a Rackspace study of more than 200 Australian business executives and IT decision makers, more than one third say that ‘enabling staff access to data anytime and anywhere’ as posing a high or extremely high risk to their organisation.”

Ultimately, organisations want to improve employee productivity and enhance business resilience. But security worries are a pain point for businesses, because they also want to empower their staff with the ability to work flexibly. 

According to the study, businesses have five main digital ambitions: To improve staff productivity (75% of businesses); enhance business resilience (71%); increase organisational agility (69%); improve customer experience (66%); and develop innovative products and services (63%).

Mindful of security, businesses are also aware of the risk that surrounds cloud-based decision-making. What’s more, a lack of confidence in organisational capabilities aren’t making it any easier.

The study found that 43% of respondents believe there is extreme risk in sharing data with third parties or partners, compared to just 9% who believe there is no risk at all.  Additionally, 34% thought the same about enabling staff to access data anywhere, anytime, compared to 15% who believe there is no risk at all.

Many businesses also cited extreme risk in using a single public or private cloud platform, and concerns about using multiple platforms for ‘the right application in the right environment’.

Respondents are most concerned about losing data (86%), followed by a data breach (84%), and business interruption (81%).

Cloud transformation can be complex and with the changes to how and where we work, mixed with the current threat landscape, concerns over data loss are warranted,” says Rackspace A/NZ general manager Darryn McCoskery.

“We see this tension first-hand with most IT decision makers who are seeking to use digital and cloud solutions to improve the way they do business, but who are still concerned about their cybersecurity capabilities holding them back.”

Roughly half of all respondents feel ‘extremely confident’ about ensuring their business has the right security mechanisms in place.

According to the study, 56% feel confident that they have the right security tools; 54% are confident about their cloud environments; and 50% believe they have the staff with the right skills who are available when they are needed.

However, 44% of respondents feel confident about the connectedness between cloud and on-premise environments, staff, sites and partners.

“Although cybersecurity should be a priority for Australian IT decision makers, it doesn’t have to stifle innovation with the right partner and expertise behind you,” says McCoskery.

“Rackspace equips its customers with the expertise required to put security at the forefront of every organisational decision, including the decision to offer remote and flexible working environments for staff.” 

So it’s not a case of keeping data, networks, and people wrapped in cotton wool at the expense of productivity and innovation – it’s about finding the perfect balance between the two.

To learn more about how your business can balance cybersecurity and innovation, this whitepaper will help you uncover more about the contradiction within Australian businesses and most importantly, how to solve it.

Click here to download Innovation over cybersecurity: The contradiction within Australian business.

Link image
Track, analyse, act: The e-commerce metrics you need
E-commerce technology leaders need to track, analyze, and act on large volumes of business and system performance data. Danny Miles, the CTO of Dollar Shave Club, shares a powerful framework for thinking about and prioritizing e-commerce metrics.More
Story image
Acronis announces new security endpoint solution
The solution is an integration of data protection and cybersecurity which provides customers with effective endpoint protection in a landscape where the pointlessness of perimeter security is becoming more pronounced.More
Story image
Emotet malware is on a rampage after months of silence
CERT agencies around the world are reporting a surge in cyber attacks related to the Emotet malware, which is being distributed by email.More
Story image
Check Point acquires Odo Security to bolster remote security offering
The deal will integrate Odo’s remote access software with Check Point’s Inifinity architecture, bolstering the latter company’s remote security capabilities in a time where working and learning from home has become the norm, and looks to largely remain that way in the near future.More
Story image
Ripple20 threat has potential for 'vast exploitation', ExtraHop researchers find
One in three IT environments are vulnerable to a cyber threat known as Ripple20. This is according to a new report from ExtraHop, a cloud-native network detection and response solutions provider. More
Link image
Data is an organisation's most significant asset - here's how to protect it
Data resilience strategies are becoming more crucial as more value is ascribed to a company's data. If it's not stored securely and cost-effectively, expect problems.More