“Cyber security impacting every industry in this data driven world” Akshay Aggarwal, Director-Cloud Platform, Oracle India.
Today, not just businesses but everything seems to be automated. While some businesses have started seeing the results of smart automation or intelligent automation but others are yet to initiate and are becoming victims of the cyber-attacks. As per Oracle & KPMG Cloud Threat report 2019, 27% of organizations were attacked with email phishing with malicious attachments or links in the past year. And 23% of respondents say their organizations don’t have the resources to manually patch all their systems. This calls out the need for automation and humans are not enough to clean the security landscape that is filled with hackers. Businesses need automation tools to protect their businesses data and this appetite seems to be growing. Akshay Aggarwal, Director-Cloud Platform, Oracle India talks about Oracle’s take on how businesses can become more cyber-secure?
- In the digital economy, has cyber security become a huge consideration across industries?
The threat landscape is dramatically evolving. Businesses realize that their data is now a critical asset, and are trying to strengthen their data security mechanisms on an ongoing basis. We work closely with customers to make sure that their data is secure at all times, be it on-premises, in the cloud, or in any hybrid setup. A good first step is to leverage some of the data protection technologies such as encryption, masking and redaction for this purpose. Even if the hacker is somehow able to penetrate your defence system and reach the database, the data still remains secure and will be of no use to the hacker – because it’s fully encrypted.
- How do you see the cyber-securitylandscape evolving in 2020 and beyond?
Hackers will only get smarter!The industry doesn’t have enoughcyber-security professionals to manage the burgeoning cyber-security risks. Organizations that depend more on humans to thwart cyber-attacks will have an uphill task. Given hackers typically use sophisticated technology like AI/ML/bots to attack, sooner rather than later, businesses will need to strike a fine balance between deploying more machines vis-à-vis humans to counter the threats. In short, cyber-security will almost become a machine v/s machine scenario – where the good machines take on malicious ones.
- Do you feel Indian businesses are less confident of their data?
On the contrary, Indian businesses have more confidence in their data management vis-à-vis their APAC peers, per our recent report. Indian businesses are also high on confidence when it comes to data security.
- How can companies ensure their data efforts are not driven by poor quality data?
Organizations should have an effective data managementstrategyin place that functions in an autonomous fashion, sans human intervention/dependency to resolve issues. Making sure the right datasets are captured at all touchpoints, and the right analytics mechanisms are deployed to extract maximum business value is the key. Also, companies need to rethink their approach to data management and cultivate a security-first mindset.
- Why data is the responsibility of the entire organization?
The popular adage, ‘You’re only as strong as your weakest link’ couldn’t be more apt for today’s businesses. With data becoming a high value asset and a competitive differentiator, data security is one of the biggest concerns across organizations. Per the report I mentioned earlier, only 58% of all decision makers across APAC agreed that managing data security was very important to their organization, especially when they’re increasingly moving their business-critical workloads or sensitive data to the cloud. In a cloud-first world, the shared responsibility model is important to understand. In addition to security provided by the cloud partner, every organization needs to make sure their data is secured across the entire chain.
- What is your new data strategy to help businesses thrive in a multi-cloud world?
Security is ingrained in our DNA, because Oracle has been managing the bulk of the world’s information, securely, for more than four decades. It’s widely acknowledged that Oracle powers most of the world’s economy. Powered by a holistic approach to security, we develop technology which can be used by a large enterprise, securely, with high performance. Technology providers who have a piecemeal strategy, will find it difficult to ensure integrated security for customers as they might not necessarily be able to control solutions/services of other vendors.
Oracle is committed to improve cloud security and has been building innovative security solutions to bring in industry-leading security functionalities to ensure that the cloud environment remains secure for enterprises. Our flagship solution – the Oracle Autonomous Database – is the world’s first and only “self-driving, self-securing and self-repairing” database. Poweredby ground-breaking machine learning technology to enable automation sans human intervention (and therefore preempting manual errors, eliminating manual tuning). It ensures unprecedented availability, high performance and security at a much lower cost andcan patch itself from cybersecurity flaws without having to go offline.