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Data Is The New Gold: Getting Data Security Right in Retail

August 28th, 2015 | No Comments | Posted in Data Security, Security

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Traditional security has always been metaphorically tied to the medieval castle building of old: building thicker walls and drawbridges, creating multiple perimeters, raising larger armies, you know – the whole nine yards. This paradigm extends into the modern world, which maintains its fascination with sophisticated perimeters. For exhibit A, witness the recent Mission: Impossible Rogue Nation Hollywood blockbuster where sophisticated perimeter security was the primary obstacle to overcome.

A Data-Centric Approach Is Needed

But imagine changing that mindset from traditional perimeter-based security to data-centric. A data-centric approach, cast against the metaphorical medieval art of castle building, would result in thieves penetrating outer defenses, only to find the pot of gold actually filled with worthless tokens or paper notes.

Throughout the movie, traditional approaches didn’t stop Ethan Hunt (the protagonist, manipulated by the antagonist into doing his dirty work) and they won’t stop Ethan Hunt-like hackers from infiltrating retailers’ networks.

Data Is The New Gold

As the world progresses from a mere “information age” into an age of “big data,” it’s simple – the volume, granularity and sensitivity of individual data is growing exponentially. With this growth comes severe risks and consequences of losing valuable data.
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