January 12, 2017 | Written by: Srinivasan Narayanan
Share this post:
Then-FBI Director Robert Mueller said in 2012, “There are only two types of companies: those that have been hacked and those that will be.”
Companies — both business-to-business and business-to-consumer — are driven more than ever to rapidly adapt to digital business. The ways companies and their customers seek and consume information, make purchase decisions, and buy and sell goods and services have undergone rapid changes.
As the digital economy grows and expands, roping in multitude of channels including cloud and mobile, the need for data security has grown exponentially. The internet is filled with examples of data security breaches from large and small businesses, and how, in turn, those breaches affect companies’ biggest asset: customer trust.
Competing in the digital era
To remain competitive, organizations must focus intensely on the quality of their interactions with customers and business partners and innovate across more channels than ever, via web and mobile platforms, in the cloud, and through applications and services made possible by application programming interfaces (APIs).
As an enabling technology, APIs are rapidly making the new digital economy and accompanying opportunities for growth not only increasingly possible, but also more pervasive every day. Yet along with new opportunities, these innovations also bring new risks.
Digital business propels organizations to find answers to some compelling questions. They include:
- How can organizations be open to change, yet remain secure?
- How can businesses protect workloads, data and application infrastructure?
- How can organizations add the capability to support new services for customers and integrate the necessary technologies within the existing infrastructure?
- How can companies do this fast and stay ahead of the curve, considering the above questions concern competitors as well?
Providing needed data security
Success in the digital economy requires organizations to transform their client and business-to-business interactions by delivering a secure experience across a diverse ecosystem.
Businesses across industries are using APIs more than ever before. Mobile and cloud platforms use APIs to deliver application services and help businesses in their digital transformations. With this excitement comes deep responsibility and concern for security.
The explosive growth in data, ubiquitous use of mobile devices, and emergence of the Internet of Things (IoT) and Industrial IoT make security a constant and ever-changing concern. The all-encompassing, multi-channel nature of today’s digital economy — including mobile computing, the cloud, APIs, business-to-business interactions and web services — requires close attention and powerful tools to ensure secure operations.
As former US National Coordinator for Security, Infrastructure Protection and Counter-terrorism Richard Clarke noted, “If you spend more on coffee than on IT security, you will be hacked. What’s more, you deserve to be hacked.”
Check out the whitepaper from IBM that explores how organizations can meet the security challenges of the digital economy and how a secure, multi-channel gateway that supports participation in that economy through five key scenarios can help securely meet rapidly changing business needs at every interaction.
Learn more about API gateway and check out the Secure Gateway service in the IBM Bluemix environment.