How Business Intelligence Affects Cyber Security?

How Business Intelligence Affects Cyber Security?

It is a common misconception that the security of your data depends only on the type of software you use. When it comes to business environment, firewalls, DMZs and intrusion detection systems (IDS) often fall short of protecting you. Here, the highest risk comes from other people, not harmful software, making threats more unpredictable. In order to protect business data, cyber-security teams need to learn how to recognize vulnerabilities and risky behaviour models.

A double-edged sword

For a successful company, business intelligence (BI) is a powerful tool. It helps with analysing raw data and presenting palpable information to corporate executives, business managers and other key figures so they can make more informed business decisions. BI can be used for creating business strategies and achieving long-term goals, while marketers use it to adjust their campaigns to the target audience. However, amassing valuable data has also increased the number of security risks.

What are the risks?

Once you realize what kind of threats your business is facing, it becomes easier to organize an effective defence. Cyber-attacks can harm a company in many ways. Above all, there is a loss of valuable data, customer trust and resources. While customer trust can be regained, it costs a lot and takes time. These three risks are only the beginning. There are other losses that are harder to pinpoint, like the devaluation of the brand, a loss of intellectual property and an increase in insurance premium. In short, the price you pay for preventing all this from happening is always smaller than what it costs to clean up the consequences.

Threats from the inside

Omnipresent mobile devices coupled with highly popular Bring Your Own Device (BYOD) policies have created a highly risky environment. With employees expecting to access almost any company information from their mobile devices, the safety of the whole corporate network can easily become compromised. As a result, businesses have no other alternatives than to enforce comprehensive security policies for BI. They need to include critical areas of data storage, user/role classification, data transmission and classification.

How to protect data?

The modern digital environment makes gathering data easier than ever. Firewall logs, digital checkpoints and records provide you with every bit of information you need. Still, all those numbers mean little without business analytics software that interprets the data and displays it in a highly graphical manner. When choosing the best software for your business, you need to consider its safety features as well as the developer’s security credentials.

Access control

This is the most common way to protect sensitive data. In brief, the access is only granted to the users on an as-needed basis. This method not only saves time, but reduces the risk of altered analysis results. The access control can be set in the data warehouse or at the presentation and reporting level. Although the second method is simpler, human errors are less common in the first one.

Reducing data leaks

Many companies have adopted data de-identification procedures. The process is irreversible, as it strips the data of all personal details like names, phone numbers, addresses, etc. Credit card companies go even further, replacing the sensitive customer data with tokens that relate to data in other external databases.

Preparing your staff

At the end of the day, the biggest problems in your company’s cyber security will not be solved by the software you use, but your team and security policies. Adopting all the security measures takes a lot of time and familiarization. These issues are only going to gain more significance in the future, so training your select staff members now would be a wise decision. This includes sending them on seminars, paying for courses and getting them used to your security software.

Holding all the information is not a guarantee that your business is completely safe from cyber-attacks. However, it will point you to the direction where the threat is coming from. Recognizing your data security weak points in the very beginning helps you fortify them, but also gives you an idea how to prevent them in the future. Regardless of your company size, investing in business intelligence security systems is always a wise choice.

Dan Radak is a marketing professional with eleven years of experience. He is currently working with a number of companies in the field of digital marketing, closely collaborating with a couple of e-commerce companies. He is also a coauthor on several technology websites and regular contributor to Technivorz.