Rethinking digital security in the age of cybercrimes

Rethinking digital security in the age of cybercrimes
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Rethinking Security

Most organizations have likely already experienced a data breach involving network-connected printers - whether they know it or not

Digitization has changed the face of business and society as we know it, infusing a level of dynamism as never seen before. However, the conveniences born of digitization are in reality a double edged sword. A spate of recent incidents across the globe, such as ransomware and swift attacks, have drawn attention to information security risks associated with electronic and digital financial transactions, and organizations are now increasingly focusing on recovering from cyber breaches that threaten to undermine organizational cybersecurity.

Cybercrime, internal breaches, compliance infringement and more can hurt your business. Expensive fines and lawsuits are just one part of the equation to worry about, for a security breach can result in damaged reputation, revenue losses and leaks of lucrative proprietary data that could hurt businesses where it hurts most. As cyber-attacks spring forth from all corners of the web, it's easier than ever for businesses to be vulnerable in a game of tag where they're suddenly and unknowingly tagged "it".

Fraud, phishing, malware, adware, spam, blended threats and DoS attacks are just of the attacks organizations guard against watchfully. But hitherto innocuous endpoint devices such as printers are not recognized as a large enough threat. Due to the growing sophistication and perseverance of cybercriminals, network firewalls are proving to be insufficient security measures. Organisations need to fortify their endpoints behind the firewall, including network printers, against the persistent threats of ransomware and newer, more malicious forms of malware.

Enterprise-level multifunction printers (MFPs) can be complicated creatures, boasting more than 250 security settings. This calls for specialized knowledge for keeping devices, data, and documents secure across the fleet, which can be a time-consuming affair.

Unfortunately, that printer sitting in the corner of your office is a silent, prime target for attackers to leapfrog into a private network and wreak havoc. The numbers bear it out too; just 16% of respondents think printers are at high risk for a security threat/breach, according to a Spiceworks survey. The truth of the matter remains that whether known or not, the ubiquitous printer is fast acquiring the dubious distinction of being the unwitting mule ferrying attackers into your backyard.

The Economic Times CIO Roundtable powered by HP, held at Mumbai, Bangalore and Delhi, saw approx. 60 CIOs deliberate with security experts from KPMG as they sought to unravel solutions to this oft-ignored security issue. The CIOs moved from one set of challengers to another, as they converged to catch all the cricketing action at the Wankhede Stadium, Mumbai; M. Chinnaswamy stadium, Bangalore and Feroz Shah Kolta, New Delhi in India's favorite cricket carnival.

HP Secure Managed Print Services (MPS) manage security so you can focus on your core business. You can count on HP Secure MPS to help assess your risks, secure and manage your fleet, maintain printer security compliance, and keep everything up to date with the latest protections through printers that are self-healing and cyber-resilient. HP has taken the lead to provide technologies and services that reduce the burden on IT while improving security across your print environment. HP print security offers real-time threat detection, automated monitoring, run-time intrusion detection, self-healing through HP Sure Start and built-in software validation, comprehensively infusing security into every aspect of HP Managed Print Services, which makes it the ultimate one-stop destination for printer security.

India's blossoming IT industry is hugely dependent on the symbiotic relationship between hardware and the internet, which makes staying secure against cyber-attacks a monumental task. Existing organizational infrastructure is deceptively susceptible to espionage, cybercrime, and systemic digital assaults attacks. With so much at stake, it's a no-brainer to secure critical installations before they're exploited.

 

 81% of companies say security is an important or very important driver to move to managed print services

61% of organisations reported at least a single print-related data breach in the past year

43% of companies ignore printers in their endpoint security practices

 

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For more information contact:
Queenie Nair, Director PR & Alliances
9892500860
queenie.nair@timesgroup.com