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The path to safe and productive operations in the high-tech industry

Balancing innovation with privacy, security and compliance needs

The path to safe and productive operations in the high-tech industry

Introduction

In today's rapidly evolving digital environment, the high-tech industry faces multiple challenges to remain competitive and innovative.
The pace of technological change is accelerating, requiring businesses to adapt quickly to stay on the cutting edge, while concerns over issues such as privacy, security and data protection are growing rapidly.
Therefore, companies need to balance the benefits of innovation and user rights, while also protecting personal information.
There is also fierce competition among tech companies, making it imperative that companies differentiate themselves through innovation and user experience. Addressing these challenges will require a combination of technical expertise, strategic vision, and a deep understanding of user needs and preferences.

table of contents

1. Biggest Challenges for Tech Companies
1-1. Need for speed
1-2. Privileged users are everywhere
1-3. Employment and retention of skilled staff
1-4. Sophistication of cyber attacks
2. high-tech company risk   
3. Future direction of technology
3-1. Cut off friction
3-2. Improved visibility and control
4. Island's Leading Enterprise Browser
5. With Island, tech companies can address many important use cases

1. Biggest Challenges for Tech Companies

1-1. Need for speed

Technology companies survive and die at a rate that allows them to iterate and innovate. Infrastructure and processes must ensure maximum productivity of engineering staff without creating barriers or introducing unnecessary friction.

1-2. Privileged users are everywhere

Restricting user privileges on local systems is common practice in many organizations, dramatically reducing the risk of many types of cyberattacks. This is often unfeasible in tech companies where engineers require administrative privileges to do their job and are more likely to be exposed to malware and other threats.

1-3. Employment and retention of skilled staff

Today's labor market is highly competitive with high turnover rates across a wide range of industries. Attracting and retaining skilled workers in the new hybrid workforce requires a streamlined employee experience that enables productive work from anywhere.

1-4. Sophistication of cyber attacks

Modern attackers are well aware of the most commonly deployed defenses and continually update their tactics to adapt. Today's sophisticated phishing techniques, ransomware campaigns, and business email compromise attacks are keeping defenders on guard.

2. High-tech company risk

IBM Security: Cost of Data Breach Report 2022 *(1)

According to IBM, the tech industry has the fourth highest costs associated with data breaches.
The average cost of a data breach is reported to be around $5 million.

Splunk: State of Security Report 2022 *(2)

Splunk research shows that tech companies perceive more malicious activity than their peers, with 57% reporting being hit by a phishing attack (45% of other industries). 44% have experienced account takeover attacks (vs. 35%) and 49% have discovered fraudulent websites masquerading as their brand (vs. 38%).

3. Future direction of technology

To remain competitive, today's technology companies must act sensitively. An analogy would be like driving a racing car at high speed and having to hover with one foot on the accelerator and the other foot on the brake. The winners will be those who can successfully navigate the twists and turns of security, privacy and regulation without sacrificing speed and momentum.

3-1. Cut off friction

By continuing to rely on cloud-based services and reducing their reliance on heavyweight solutions such as VDI, tech companies can improve the pace of innovation and reduce frustration and employee turnover.

3-2. Improved visibility and control

Each new application introduces new requirements for monitoring and managing user activity. The proliferation of applications can mean blind spots and loss of control, opening up potential risk areas. Effective organizations must find ways to bridge these gaps without introducing resistance.

4. Island's Leading Enterprise Browser

Island is a pioneer in enterprise browsers, providing an ideal corporate work environment where work flows freely while being fundamentally secure. With the core needs of financial services organizations built naturally into the browser itself, Island provides the same smooth Chromium-based browser experience users have come to expect while maintaining complete control and visibility over the last mile. and governance.

5. With Island, tech companies can address many critical use cases

  • Protect sensitive information across all your SaaS and web applications with integrated DLP, secure storage, and dynamic last-mile controls like screenshot protection, copy/paste controls, and data masking.
  • Manage privileged user accounts and secure critical backend services, whether in the cloud, SSH or private web applications. Audit all privileged user actions with full visibility including screenshots, clicks and keystrokes.
  • Enable secure access to web applications and data by contractors or third parties with full audit trails of all actions and last-mile controls to prevent data leaks.
  • BYOD or BYOPC access with device posture assessment to allow application access only on secure devices with active endpoint protection, disk encryption, or other requirements.
  • Provides safe browsing that blocks malicious content, phishing attempts, or other web-based threats, and full forensic logs to investigate incidents.
  • User experience enhancements improve employee onboarding, speed up common tasks, and automate business logic with robotic process automation (RPA).

“We were able to visualize something that had never been seen before.”
“Flexibility is the core of what draws me to Island”
--Emily Heath, ex-CTSO, Docusign. Former United Airlines CISO

* (1) Source: https://www.ibm.com/reports/data-breach

* (2) Source: https://www.splunk.com/en_us/pdfs/gated/ebooks/state-of-security-2022.pdf

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