A Discussion about Security Adaptive Security: Enabler or Obligation?
Businesses understand that to stay competitive in the digital industry, they need to incur additional costs by providing reliable information security. This feature is often perceived as a costly obligation. In this write-up, we look at how IT security is not just a value-add, but how it can potentially propel organisations ahead of their competitors.
As the digital world continues to grow and impact almost every business out there, it comes as no surprise that digital security has become a necessity for businesses to remain competitive. Digitally-savvy customers will not do business with an organisation that lacks in this area. Digital security can therefore be seen as an enabler for businesses and their operations, instead of an obligation.
When an organisation takes this to the next level by enhancing the levels of security they provide their customers, then it becomes a crucial value-add. Adaptive security is one approach for businesses to enhance online security, without creating additional hassle for their customers.
How Does it Work?
As our CTO, Tom Sprenger once mentioned, “The past and present in security was ‘to protect’. The future is ‘detect and react’.” And that is precisely what adaptive security is based on, the concept of reacting and taking additional measures only when a potential threat is detected. This provides the user with additional security without added inconvenience.
Using historical information that includes the user’s device fingerprint, location, time of day and access statistic fingerprint, the software establishes a usage profile. When anomalous activity is detected, the user will be either prompted to provide additional credentials – such as 2fa – or shut down the on-going activity if it appears to be fraudulent.
The past and present in security was ‘to protect’. The future is ‘detect and react’.
Tom Sprenger, CTO
Why Should Businesses Adopt This?
While customers today expect the information they share to remain private and protected, they still want things done faster than ever before. This overlap of security and speed is where adaptive security will help businesses deliver great value to their customers. Here’s why:
- Faster access: Users will no longer require 2-step verification for every bit of information they wish to access. This can potentially happen after their profile has been recognised by the system.
- Personalised: Users today expect a more customised approach from businesses. Since adaptive security literally profiles the user, it creates a highly unique experience that caters to the individual’s specific needs. This solution can also be programmed to satisfy various risk appetites, depending on the situation.
- User-friendly: Since adaptive security only kicks in when anomalous activity is detected within the user’s account, it’s almost invisible to the user. In addition, the user doesn’t have to learn how to use a new piece of technology to enjoy a higher level of security.
Aside from providing businesses and their customers a great amount of value, adaptive security is easy to adopt. Once implemented, customers require almost no instructions to enjoy the added security this smart solution delivers.
The security solutions we implement for our customers are powered by NEVIS security suite. NEVIS was recognised by Europe’s leading analyst, KuppingerCole, for both product and innovation leadership.