Principles of an Effective Cybersecurity Strategy

According to MetricStream’s, ‘The State of Cyber Security in the Financial Services Industry’ report, around 66 percent of financial services institutions have faced at least one cyber-attack in the last 12 months. The cost of this can even result in a complete shutdown of the business."

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Importance of Security & Compliance Business Drivers Divided

The Department of Defence Cloud

Security & Compliance Divided

25% ranked security and compliance as the top 1 or 2 business drivers for strategic technology initiatives, but nearly half (44%) cited it at the very bottom.

With the increase in adoption of cloud architectures, containers, and microservices, the findings from more than 250 companies reveal a rising demand for a database that can deliver elastic scale while preserving both strict transactional consistency and a standard SQL interface. Even NoSQL users agree as 3 out of 4 consider strict consistency a vital component to their database system.

Key survey findings:

  • Business agility is job number one. 3 out of 4 business product owners cite improving business agility as the number one driver for strategic technology initiatives. But agility isn’t just a business concern, 2 out of 3 technical team members also cited agility as a top-three business driver.
  • But agility does not equal revenue. Respondents noted that business agility wasn’t correlated with revenue or competitive differentiation. More than half ranked “Drive new revenue” as the single least important business driver for strategic initiatives, and 2 out of 3 ranked “competitive differentiation” in the bottom three.
  • The industry is divided on security and compliance. 25% ranked it as the top 1 or 2 business drivers for strategic technology initiatives, but nearly half (44%) cited it at the very bottom.
  • Performance reigns supreme. When selecting a database to support digital transformation efforts, 82% of respondents noted performance was “critical” or “very important” while availability was a close second at 78%.
  • SQL is the gold standard. Despite the buzz around NoSQL, more than 60% only use relational databases. Furthermore, those who cited themselves as NoSQL users still value the tenets of a SQL database as 62% of firmly believe standard SQL support to be either “critical” or “very important“.

(Infographic source discovered via: Marketwired)

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