Velocity vs. Security

Earlier this year I hosted a panel where we explored how companies can continue to move fast and be innovative in parallel with being secure. Rather than pinning velocity against security, we argued and concluded that the two work together – companies can use security to drive and compliment innovation.

Security is often viewed as a barrier to innovation, and there are many examples of companies and verticals that have not let ensuring their environment is secure get in the way of promoting ideas, products and solutions that are true industry disruptors.

Examples include Amazon Web Services that provide a very disruptive solution requiring high levels of security; mobile banking and the fact that few people go into a physical bank these days; and Airbnb, that does not own any properties and provides a very disruptive service, requiring both physical and information security.

Strategically, the point is to have security differentiate your product or service, instead of being seen as a barrier.  Some of the strategies that can be quickly implemented to achieve the overall goal of secure innovation include consideration of the following questions:

  • What security threats affect our industry today and how can we provide solutions with our products and services
  • What security concerns do our existing customers have today and what can we do to alleviate their concerns
  • Can we become a thought leader in information security

Information security threats are not going away and companies need to embrace these issues and see them as an opportunity to offer new solutions and potentially get into new markets.

Mark Egan

@markeegan

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