RSA CONFERENCE CHINA 2012 – CHENGDU, China - August 28, 2012 -
In his opening keynote at RSA® Conference China 2012, Art Coviello, Executive Vice President of EMC and Executive Chairman of RSA, The Security Division of EMC (NYSE: EMC), outlined an intelligence-driven model for cyber security. While addressing the crowd at the third RSA Conference in China, held in Chengdu, Mr. Coviello challenged conventional thinking on security – attributing shortages of qualified IT talent, the lack of understanding and cooperation on security issues between nations and budget inertia as key drivers holding security back from where it needs to be.
Mr. Coviello pointed out that today the vast majority of IT security spending is still allocated towards static and inflexible perimeter-based technologies that are increasingly ineffective against today’s threats. In an age of interconnectivity and openness where breaches are to be expected even among the best-defended networks, the balance must shift to accommodate timely detection and response.
"Without rebalancing this spend it will become increasingly difficult, if not impossible, to detect sophisticated attackers quickly and with enough detail and accuracy to mount an effective defense," Mr. Coviello said. "The perimeter is easily breached and as attacks inside the perimeter continue to become more sophisticated, only equally sophisticated detection capabilities and analytics can enable a response that is quick enough to help avoid loss."
Mr. Coviello also addressed several other issues "holding back security," including the severe skills shortage of competent IT security professionals. A 2011 Global Information Security Workforce Study by Frost & Sullivan suggests that despite a forecasted addition of more than two million new IT security professionals by 2015, it may still not be enough to support global demand. Mr. Coviello also pointed out the lack of cooperation among government entities and a broad lack of understanding among these governments, media, consumers and private and public organizations which position the security industry at a disadvantage against the constantly evolving threat landscape.
"The implication of these forces is holding security back. Security models are not moving fast enough to make the transition from perimeter-based to intelligence-based security, while adversaries become more sophisticated," Mr. Coviello said.
Mr. Coviello advanced four major recommendations for how the industry must adapt:
Mr. Coviello added, "We are only as strong as our weakest link and we are interdependent as never before. Attacks on one of us have the potential to be attacks on all. We must adapt and change…The economies of the world are too fragile to run the risk of not tackling this problem head on."
Reflecting on the challenge facing the global security industry and the need for all parties to work cooperatively against mounting digital threats, Mr. Coviello invoked the wisdom of Zhuge Liang, chancellor of the state of Shu Han in second century China:
"In closing I turn again to the wisdom of Zhuge Liang about the need to work together – he said 'It is not wise to continue on alone. We need to wait for our allies.' Let us all be allied in meeting this challenge."
Mr. Coviello's written keynote remarks are available by request in both Mandarin and English. Please email the RSA press contacts listed below.
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