A large number of apps and software has provided a strong market base for the need for software testing across the globe. India followed by China and Philippines have successfully provided a large volume of the workforce at a much lower cost which has caused huge offshoring of software testing services from across the seas.
However, data breaches seem in software and apps seem to be a recurrent issue and it is actually expensive to the company. This has been found in the latest report by IBM, which mentions the hidden costs which are incurred via data breaches. About 1 million and more transactions have been found in mega breaches which cost about US $40 million, as per the study.
As stated by the CEO and founder of High Tech Bridge, Ilia Kolochenko, the breach investigation as well as its resolution would mean huge expenditure to an organization. It will need a partial shutdown of the entire business operations along with other crucial business operations when the investigation is in the process and it needs to wait until data breach has been actually resolved. The period of this partial shutdown cannot be pre-determined as the time taken for the data breach resolution cannot be estimated beforehand!
There are some measures which have been identified to protect the organizations from data breaches from their apps and software is as below:
Security Automation: IBM has been known to study the effect of security automation tools. These tools operate based on artificial intelligence as well as intelligent machine learning coupled with analytics and orchestration in order to remove manual efforts in identifying the potential data breach areas and threats. It has also been said that these automated security tools imposed by the organization have saved more than the US $1.5 million in a total breach scenario.
The artificial intelligence is what makes way for a successful automation which in turn speeds up the intricate activities in operations. The companies which have suffered from data breach might have introduced strong security technology but have lacked the potential cybersecurity strategy, as per Kolochenko.
It has also been observed that the largest of business operations also lack an updated repository of their crucial business assets and important data. Cybersecurity monitoring at a continuous stretch and detection of anomalies is also a major miss! The approach to cyber security needs to start off with cyber risk analysis and proper risk mitigation strategy and not solely based on security technology.
Digital Assets: The publicly reported costs of mega data breaches have been thoroughly analyzed and reports suggest that the figures are much lesser than the actual. The potential reason is that these publicly reported costs are actually limited by technological and inferior strategy methods of direct costs, legal and regulatory costs as well as customer dissatisfactions. As suggested by Kolochenko, the large business houses that are vulnerable to such mega data breaches need to define a strong and compound inventory of their digital assets which includes all hardware, software, and licenses.
It can be rightly said that software testing should begin with data breach analysis!