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Cyber Security in the Digital Age Report

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Rahul Neel Mani
Rahul Neel Mani

This document summarizes the results of a cyber security survey conducted by Core Quadrant in 2016. The survey gauged the preparedness of organizations in India on issues related to cyber security. Key findings included: - CISOs felt that external and internal threats as well as compliance needs had increased compared to the previous year. Cyber threats to infrastructure, applications and digital applications were also seen as increasing. - There was a gap between CFO and CISO perspectives on the alignment of cyber security strategy with business and IT strategies. CISOs also rated CISO leadership traits like influencing skills lower than CFOs. - Common challenges cited were unclear roles and accountability as well as the need for a holistic security plan

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Kapil Dev Singh Founder & CEO, Coeus Age Co-Founder, Core Quadrant +91 9811771187, kds@kdsnext.com Cyber Security in the Digital Age Mumbai, March 11, 2016
Digital Landscape, 2015 & Beyond Digital as a Theme of a deep, broad and sustained research initiative Building a Digital Enterprise Business and IT Priorities, 2014 and 2015 The Jewels of Digital, 2015 Digital Landscape, 2015 & Beyond Enterprise Digital Tracker The Jewels of Digital, 2015 Images courtesy of freedigitalphotos.net Enterprise Digital Tracker
Digital as Enterprise Priority is on the rise 5 16 17 14 24 31 2014 2015 2016 Top Priority 2nd Top Priority % Base- 202 Core Quadrant, 2014, 2015, 2016 Base- 142 Base- 113
Business Priorities growing efficiently Base- 142 Ops Eff Cash Growth (O) Growth (I) Culture Customer Complianc e Risk Rationaln 2014 38% 28% 36% 12% 16% 25% 19% 17% 4% 2015 65% 19% 43% 10% 12% 15% 14% 10% 6% 2016 51% 9% 26% 14% 14% 17% 16% 22% 7% 2014 2015 2016 Core Quadrant, 2014, 2015, 2016 Base- 113Base- 202%
IT Priorities are competing in nature Base- 142 IT Eff Consolidate Overhaul Infra Overhaul Apps Outsource IT Security Internal Usage New Tech 2014 36% 34% 24% 12% 18% 25% 28% 19% 2015 48% 14% 25% 17% 6% 23% 26% 40% 2016 46% 13% 12% 16% 5% 23% 12% 48% 2014 2015 2016 Core Quadrant, 2014, 2015, 2016 Base- 113Base- 202%
The Contextual Complexity is on the rise
The Framework of an enterprise digital platform Core Catalyst SMAC+ 1. Automation of IT Processes 2. Communication between machines, people, processes & data 3. Embedded play of Analytics and Big Data capabilities 4. Availability of IT Management Dashboards on multiple devices 5. Elasticity and Spread 6. Openness to other platforms 7. Security & Governance across the spectrum 1. Matching expectations of user experience (UX) 2. Digitized, secured and dynamically retrievable documents 3. Automated, agile, managed, connected, secured and contextualized business processes 4. Integrated, open, managed, optimized, orchestrated and secured business applns 5. Secured, quality and rationalized data, and smooth data flow 6. Agile, governed and secure IT infrastructureCore Quadrant, 2015
Cyber Security Survey gauging the preparedness Core Quadrant, 2016 • A nation wide survey by Core Quadrant • Core Issues – Organizational Preparedness, Alignment, Challenges, Structure, and – CISO Leadership • The cusp of Enterprise Risk Management and Cyber Security • 50 CFOs and 36 CISOs
Threat Perception - CISOs Core Quadrant, 2016 Increased Decreased Same Cannot Say External Threats 67% 0% 28% 6% Internal Threats 33% 17% 39% 11% Compliance 53% 14% 33% 0% Spend 64% 6% 28% 3%
Cyber Threats Focus Core Quadrant, 2016 Increased Decreased Same Cannot Say Infrastructure 58% 11% 31% 0% Applications 80% 9% 11% 0% Digital Applications 77% 6% 14% 3% Operational Controls 40% 11% 46% 3% 31% 36% 14% 11% 8% IT Infrastructure Enterprise Applications Digital Applications Operational controls Other (please specify)
Cyber Security - Alignment Core Quadrant, 2016 What is your agreement with the following statements regarding alignment of business with cyber risk issues? Please rate on a 5 point scale where 1= completely disagree and 5= completely agree . CFO CISO We have a well-defined cyber security strategy in alignment with the business strategy 4.12 3.39 Major CXOs are stakeholders in the cyber risk practice 4.02 3.53 Our top management including the CEO is quite active with respect to cyber risk 3.96 3.78 We have a well-defined cyber security strategy in alignment with the enterprise IT strategy 3.94 3.44 We have created a well defined cyber security governance structure 3.7 3.47 The company board is involved in cyber risk issues through mechanisms like board advisor committee 3.4 3.42
Cyber Security - Key Challenges Core Quadrant, 2016 What are the top two challenges with respect to cyber security in your organization? CFO CISO Role definition and accountability 46% 19% A well secured IT and digital platform 46% 0% The IT and cyber risk leadership capability 30% 19% A well developed enterprise risk management framework 28% 28% A well defined holistic cyber security and risk plan 22% 42% Top leadership’s appreciation of cyber risk as an organizational issue 14% 19% Availability of skilled security professionals 12% 31% Availability of adequate budgetary allocations for security 2% 22% Lack of/inadequate organizational security culture 0% 19%
Cyber Security Structure Core Quadrant, 2016 Who is responsible for the cyber security practice in your organisation? CFO CISO Chief Information Officer (CIO) 26% 25% Chief Information Security Officer (CISO) 28% 61% Chief Risk Officer (CRO) 44% 0% Someone at the middle/ junior level 2% 3% Other (please specify) 0% 11% Who does the person responsible for cyber security report into in your organization? CFO CISO Chief Information Officer (CIO) 6% 33% Chief Executive Officer (CEO) 4% 19% Chief Financial Officer (CFO) 88% 0% Chief Risk Officer (CRO) 0% 19% Other (please specify) 2% 28%
5 Pillars of Cyber Security Core Quadrant, 2016 Leadership Strategy Structure Risk Management Technology
CISO Leadership Core Quadrant, 2016 Please rate the CISO or the person responsible for cyber security in your organisation on the following leadership traits? Please rate on a 5 point scale where 1= very low and 5= very high. Ability to conceptualise scenarios around business impact of cyber risk 3.8 Ability to motivate and lead people 3.6 Process understanding with respect to cyber security and risk 3.6 Domain understanding of business operations 3.5 Understanding of digital business and digital technologies 3.5 Ability to present convincingly at senior levels and influence decision making 3.5 Technical understanding of the latest development in cyber security products 3.4
CISO Role appreciating the strategic side
Kapil Dev Singh Founder & CEO, Coeus Age Co-Founder, Core Quadrant +91 9811771187, kds@kdsnext.com Cyber Security in the Digital Age Mumbai, March 11, 2016

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Cyber Security in the Digital Age Report

  • 1. Kapil Dev Singh Founder & CEO, Coeus Age Co-Founder, Core Quadrant +91 9811771187, kds@kdsnext.com Cyber Security in the Digital Age Mumbai, March 11, 2016
  • 2. Digital Landscape, 2015 & Beyond Digital as a Theme of a deep, broad and sustained research initiative Building a Digital Enterprise Business and IT Priorities, 2014 and 2015 The Jewels of Digital, 2015 Digital Landscape, 2015 & Beyond Enterprise Digital Tracker The Jewels of Digital, 2015 Images courtesy of freedigitalphotos.net Enterprise Digital Tracker
  • 3. Digital as Enterprise Priority is on the rise 5 16 17 14 24 31 2014 2015 2016 Top Priority 2nd Top Priority % Base- 202 Core Quadrant, 2014, 2015, 2016 Base- 142 Base- 113
  • 4. Business Priorities growing efficiently Base- 142 Ops Eff Cash Growth (O) Growth (I) Culture Customer Complianc e Risk Rationaln 2014 38% 28% 36% 12% 16% 25% 19% 17% 4% 2015 65% 19% 43% 10% 12% 15% 14% 10% 6% 2016 51% 9% 26% 14% 14% 17% 16% 22% 7% 2014 2015 2016 Core Quadrant, 2014, 2015, 2016 Base- 113Base- 202%
  • 5. IT Priorities are competing in nature Base- 142 IT Eff Consolidate Overhaul Infra Overhaul Apps Outsource IT Security Internal Usage New Tech 2014 36% 34% 24% 12% 18% 25% 28% 19% 2015 48% 14% 25% 17% 6% 23% 26% 40% 2016 46% 13% 12% 16% 5% 23% 12% 48% 2014 2015 2016 Core Quadrant, 2014, 2015, 2016 Base- 113Base- 202%
  • 7. The Framework of an enterprise digital platform Core Catalyst SMAC+ 1. Automation of IT Processes 2. Communication between machines, people, processes & data 3. Embedded play of Analytics and Big Data capabilities 4. Availability of IT Management Dashboards on multiple devices 5. Elasticity and Spread 6. Openness to other platforms 7. Security & Governance across the spectrum 1. Matching expectations of user experience (UX) 2. Digitized, secured and dynamically retrievable documents 3. Automated, agile, managed, connected, secured and contextualized business processes 4. Integrated, open, managed, optimized, orchestrated and secured business applns 5. Secured, quality and rationalized data, and smooth data flow 6. Agile, governed and secure IT infrastructureCore Quadrant, 2015
  • 8. Cyber Security Survey gauging the preparedness Core Quadrant, 2016 • A nation wide survey by Core Quadrant • Core Issues – Organizational Preparedness, Alignment, Challenges, Structure, and – CISO Leadership • The cusp of Enterprise Risk Management and Cyber Security • 50 CFOs and 36 CISOs
  • 9. Threat Perception - CISOs Core Quadrant, 2016 Increased Decreased Same Cannot Say External Threats 67% 0% 28% 6% Internal Threats 33% 17% 39% 11% Compliance 53% 14% 33% 0% Spend 64% 6% 28% 3%
  • 10. Cyber Threats Focus Core Quadrant, 2016 Increased Decreased Same Cannot Say Infrastructure 58% 11% 31% 0% Applications 80% 9% 11% 0% Digital Applications 77% 6% 14% 3% Operational Controls 40% 11% 46% 3% 31% 36% 14% 11% 8% IT Infrastructure Enterprise Applications Digital Applications Operational controls Other (please specify)
  • 11. Cyber Security - Alignment Core Quadrant, 2016 What is your agreement with the following statements regarding alignment of business with cyber risk issues? Please rate on a 5 point scale where 1= completely disagree and 5= completely agree . CFO CISO We have a well-defined cyber security strategy in alignment with the business strategy 4.12 3.39 Major CXOs are stakeholders in the cyber risk practice 4.02 3.53 Our top management including the CEO is quite active with respect to cyber risk 3.96 3.78 We have a well-defined cyber security strategy in alignment with the enterprise IT strategy 3.94 3.44 We have created a well defined cyber security governance structure 3.7 3.47 The company board is involved in cyber risk issues through mechanisms like board advisor committee 3.4 3.42
  • 12. Cyber Security - Key Challenges Core Quadrant, 2016 What are the top two challenges with respect to cyber security in your organization? CFO CISO Role definition and accountability 46% 19% A well secured IT and digital platform 46% 0% The IT and cyber risk leadership capability 30% 19% A well developed enterprise risk management framework 28% 28% A well defined holistic cyber security and risk plan 22% 42% Top leadership’s appreciation of cyber risk as an organizational issue 14% 19% Availability of skilled security professionals 12% 31% Availability of adequate budgetary allocations for security 2% 22% Lack of/inadequate organizational security culture 0% 19%
  • 13. Cyber Security Structure Core Quadrant, 2016 Who is responsible for the cyber security practice in your organisation? CFO CISO Chief Information Officer (CIO) 26% 25% Chief Information Security Officer (CISO) 28% 61% Chief Risk Officer (CRO) 44% 0% Someone at the middle/ junior level 2% 3% Other (please specify) 0% 11% Who does the person responsible for cyber security report into in your organization? CFO CISO Chief Information Officer (CIO) 6% 33% Chief Executive Officer (CEO) 4% 19% Chief Financial Officer (CFO) 88% 0% Chief Risk Officer (CRO) 0% 19% Other (please specify) 2% 28%
  • 14. 5 Pillars of Cyber Security Core Quadrant, 2016 Leadership Strategy Structure Risk Management Technology
  • 15. CISO Leadership Core Quadrant, 2016 Please rate the CISO or the person responsible for cyber security in your organisation on the following leadership traits? Please rate on a 5 point scale where 1= very low and 5= very high. Ability to conceptualise scenarios around business impact of cyber risk 3.8 Ability to motivate and lead people 3.6 Process understanding with respect to cyber security and risk 3.6 Domain understanding of business operations 3.5 Understanding of digital business and digital technologies 3.5 Ability to present convincingly at senior levels and influence decision making 3.5 Technical understanding of the latest development in cyber security products 3.4
  • 16. CISO Role appreciating the strategic side
  • 17. Kapil Dev Singh Founder & CEO, Coeus Age Co-Founder, Core Quadrant +91 9811771187, kds@kdsnext.com Cyber Security in the Digital Age Mumbai, March 11, 2016

Editor's Notes

  1. Let’s see the bigger context, which makes an enterprise digital platform a must. What was within the enterprise premise (or an extended physical premise) has moved beyond boundaries. The situation has become more complex. Because -The traditional IT architecture is challenged by the emerging cloud computing paradigm -There is a plethora of devices from many access points and on multiple platforms -Multiple stakeholders, each one with unique ‘interaction requirements’. Enterprise platform is opened for the customers from a customer service or ecommerce perspective. -Multiple and ever growing applications meeting the unique requirements of the stakeholders -As a result of multiple devices, users and applications data is exploding, data flow across the enterprise boundaries -Increasing pressure for speed, compliance, security and governance The legacy enterprise platform is becoming inadequate to meet the emerging priorities for the CIOs.