Data is the New Perimeter

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Presented at DataConnectorsCyberSecurity 2019 by

Data is essentially inert and passive, lacking an inherent ability to either control its own fate or mitigate risks while under process, at rest or in transit. The potential risk and the actual loss of Data through user error or bad actor theft is a major detractor of capital that could be used toward innovation to drive economic and shareholder value. Financial institutions who have grown through acquisition(s) have been saddled with legacy technologies that lack flexibility to meet current business demands not to mention the ever changing and imposing regulatory environment that has caused an escalation in costs and suboptimal solutions.The safety of the data is wholly dependent on our networks and human behavior. In reality, the enterprise protects data indirectly through a static perimeter or through third parties, in which endpoints are managed, and trust assumed. This approach has generated heavy financial burdens and damages to brand reputation on our institutions. Our contention is that industry needs to recognize that the historical perimeter is obsolete and embrace a data centric paradigm.This workshop will highlight the various trends and nefarious actors that are impacting how we secure Data and how we extend our boundaries. It will emphasize a paradigm that imbues data with self-governance, provenance and protection capabilities, to make it the new perimeter and a source to rethink deployments, workflows, and responsibilities. Use Cases will also be discussed.