Buzzwords. They’re all around us no matter the industry. And while the rest of your company may think that the security and technology departments speak their own unique language, security professionals should be mindful of this potential communication barrier. While it may be second nature talk speak in IT and security jargon, as professionals, you must be careful and conscientious when speaking to executives or other teams.
A good start for technology and security professionals is to be aware of the industry buzzwords. While they might no-brainers to us, it is important that CEOs and executives are aware of these words and what they mean for the company. Here is a quick list of some of the industry buzzwords that your CEO needs to know:
And today’s buzzword is…
According to a survey by Forbes, the respondents selected: Internet of Things (19%), data science (15%), and microservices (12%) as the top-3 buzzwords every CEO should know.
Internet of Things (IoT)
With an estimated 5.5 million new “things” connected each day, and an expected 6.4 billion in circulation by the end of 2016, according to Gartner research, the IoT will increasingly become part of our lives. With all these devices connected and communicating many of our personal and private information, security of IoT is more important than ever. Even the smallest, most minimally connected device must have the appropriate safeguards built in throughout its lifecycle. Here are 5 basic tips for implementing IoT security.
Data science involves the tracking of all the above-mentioned connected devices’ data and figuring out how to store, track, analyze, protect and extract knowledge from so much information. Every industry, from finance to healthcare, entertainment to government, now has access to more data than ever imagined. Mining the data effectively will be a key challenge for businesses.
According to Forbes, microservices are “Smaller, modular applications that focus on one basic business capability – like a product catalog, a price list, an online payment system, or a customer database. Each microservice has one discrete function and can be compared to an individual Lego block. Snap together those discrete functions and you have a larger, more comprehensive shopping application for example.”
Other words to know
In addition to Forbes list of words, here are a few other key buzzwords that CEOs need to be aware of:
- Data loss prevention – Data loss prevention is the last point of defense against a cyberattack, as well as the strategyand software the security team develops to protect data.
- Risk management – The Information Systems Audit and Control Association describes it this way: “Information risk management defines the areas of an organization’s information infrastructure and identifies what information to protect and the degree of protection needed to align with the organization’s tolerance for risk. It identifies the business value, business impact, compliance requirements and overall alignment to the organization’s business strategy. Once this information has been identified, it can be presented to the business leadership to make decisions about the level of investment (both financial and resource) that should be utilized to create appropriate information protection and risk management capabilities.”
- Cloud security – Quantum Networks, breaks down “cloud security” as a component of computer security which deals with the policies, technologies, and controls put into place to protect data, applications, and the associated infrastructure of cloud computing, but for IT security professionals, it really needs to be disseminated based on the type of cloud.
What additional information security buzzwords do you believe executives should be aware of and understand?