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IT Modernization: Why Old Solutions Can’t Secure Today’s Environments

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There’s a simple reason why organizations have recently experienced so many new vulnerabilities and breaches. Over the past year, organizations transformed their endpoint environment, and yet they continue to manage and secure their new environments using legacy tools designed for legacy environments.

What’s changed in the modern endpoint environment

Historically, endpoint environments were relatively small, static, and predictable. They were filled with endpoints that were provisioned by IT and which lived on-premises.

But over the past year, organizations have:

Moved from a majority on-premises environment to a mostly distributed workforce. According to findings from the Pew Research Center, 71% of employees have continued to perform most of their work at home all or most of the time, compared to just 20% pre-pandemic.
Dissolved their perimeters. Organizations spent more than a decade building defense-in-depth around their on-premises workforce. Yet, that perimeter was only designed to manage and secure endpoints within its walls and became largely ineffective as soon as users and their endpoints left the office.
Flooded their environment with new endpoints, data, and connections. After COVID-19, according to recent research from Statistica, organizations increased their volume of heavily used devices by 11%, increased the volume of sensitive data stored on their devices by 62%, and adopted 176% more collaboration apps.

Despite making these major changes to their environments, many organizations continue to manage and secure their endpoints using legacy tools that were designed for their old environments — with unfortunate results.

Why you can’t apply legacy tools to modern environments

To be clear, there is nothing fundamentally wrong with legacy endpoint tools. Yesterday’s endpoint tools worked well in yesterday’s endpoint environment.

But when these tools are applied to today’s environment, they typically fail to perform fundamental endpoint management and security tasks. Specifically, these tools fail across a few critical points:

They can’t easily manage and secure large, evolving environments filled with distributed endpoints.

Most legacy tools are built on a hub-and-spoke architecture that requires dozens or hundreds of staging servers to perform simple endpoint management and security tasks. This structure prevents them from scaling quickly alongside rapidly changing networks and forces them to consume a high amount of bandwidth to scan and apply security controls to large, distributed networks. Organizations commonly don’t have this bandwidth to spare, creating visibility gaps and low levels of compliance with simple controls.

They can’t deliver the endpoint data that organizations need when they need it. Most legacy tools utilize centralized data collection and instrumentation. Every time they want to analyze endpoint data, they must first pull all that data from the network and store it in a central repository. But today’s sprawling endpoint environments produce more data than legacy tools can quickly centralize. With legacy tools, organizations can no longer collect, store, and analyze endpoint data in a useable manner, and must make endpoint management and security decisions based on limited, stale data sets.

These tools make endpoint management and security needlessly complex and costly. Most legacy tools were designed to solve a single, specific problem. This design commonly forces organizations to adopt a new point tool every time they bring a new asset type or vulnerability into their environment. These point tools don’t work well together and create increasing complexity. The Ponemon Cyber Resilience Study recently found that 63% of security teams are spending more time managing their tools than they spend combating threats, and 53% believe their excess volume of tools is actually making their security posture worse.

These are not small points of failure. They suggest a fundamental mismatch between legacy tools and modern environments.

The problems legacy tools are creating

To see how this fundamental mismatch might be playing out in the real world, we surveyed hundreds of technology leaders about their endpoint management and security tools and how they were

performing. We learned that:

Technology leaders have dozens of endpoint tools. Most technology leaders (70%) are using 11 to more than 50 tools to manage and secure their endpoints. Nearly half (46%) are using more than 20 tools, and 20% are using more than 30 tools. Four percent of respondents don’t know how many tools they’re using.
Those tools aren’t effective. Many technology leaders aren’t collecting the accurate, real-time security data they need to assess and reduce their risk. Respondents stated that their three most challenging risk-related tasks were gaining real-time visibility into data (88%), combining data from legacy on-premises and cloud infrastructure (79%), and deriving accurate data (77%).
It’s time for new, modern endpoint tools. More than half of respondents (53%) are somewhat or extremely likely to rethink their point tools and consolidate their endpoint management and security tools in 2021. Further, 59% of respondents believe their legacy, on-premises infrastructure poses a major challenge to managing distributed endpoints, and 62% believe IT must modernize these tools and move endpoint capabilities to the cloud.Legacy tools can’t manage or secure today’s new environments. They’re creating problems that are contributing to — if not outright causing — the increase in breaches and vulnerabilities that we have seen over the past year.

Modernization doesn’t have to be complicated. Technology leaders must simply replace their legacy endpoint tools with modern endpoint tools designed to perform management and security within today’s new environments.

Learn how to gain complete visibility over all your endpoints and perform large-scale actions within minutes.

Article: cio.com

Finance

Moroccan B2B ECommerce Platform Chari Nets Funding on $100M Valuation

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Morocco-based B2B eCommerce and FinTech startup Chari could see a valuation of $100 million after a new bridge round of funding, TechCrunch reported Thursday (Jan. 20).

Chari functions as a mobile app, allowing traditional proximity store owners in Morocco to order products and have them delivered.

The company is trying to get more into the FinTech space after closing a bridge round which was led by the Saudi Arabia-based venture capital fund Khwarizmi Ventures, AirAngels (Airbnb Alumni Investors) and Afri Mobility, the venture capital arm of AKWA Group.

“Chari will use the money from this bridge round to test the BNPL services with its existing customers,” said Ismael Belkhayat, Chari’s CEO. “Upon successful results, Chari will acquire a local credit company to enable shop owners to lend money to their end users and further grow their business.”

Chari works with over half of the proximity stores in Casablanca, and has expanded into Tunisia. Last August, the company also acquired Karny, a mobile credit book application.

The Karny acquisition gave Chari more data on the loans given by grocery stores to customers, letting it credit assess unbanked shop owners and determine the best payment terms.

Chari was also a participant in the startup investor and incubator Y Combinator S21 batch and raised $5 million in late 2021. PYMNTS writes that Karny’s services help convenience stores use smartphones to manage credit arrangements with customers.

See also: Morocco’s eCommerce Startup Chari.ma Acquires Mobile Credit Book App

The company has around 15,000 convenience store customers. According to Y Combinator’s website, Chari “is an eCommerce and FinTech app for traditional retailers in North Africa allowing them to order any consumer goods they sell and get delivered for free in less than 24 hours.”

Chari also works as a financial services provider for retailers, offering micro-credit facilities.

PYMNTS also reported on Chari’s fundraising last year, writing that it could help the company expand into French-speaking Africa.

Related: Moroccan B2B eCommerce Firm Chari Raises $5M 

Article: pymnts.com

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Hudson Swafford Breaks From Pack Late to Win the American Express

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Hudson Swafford went eagle-birdie at the 16th and 17th holes to cap a busy final round and win The American Express on Sunday in La Quinta, Calif.

Swafford’s eagle, nine birdies and three bogeys added up to an 8-under 64 that catapulted him to victory after starting the day three strokes off theleaders. At 23-under 265, Swafford beat Tom Hoge (68 Sunday) by two shots.

Brian Harman also shot a 64 earlier in the day to se

Original Post: bignewsnetwork.com

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Finance

Is Putin Following in Steps of Peter the Great

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Three hundred and forty kilometers east of the Ukrainian capital, Kyiv, lies the city of Poltava.

At its heart is a semi-circular square with a cast-iron column and nearly two dozen eighteenth-century Swedish cannons captured in the 1709 Battle of Poltava, a decisive encounter in the Great Northern War, waged between Russia’s Peter the Great and Sweden’s Charles XII for supremacy in eastern Europe.

Russia’s

Original Post: bignewsnetwork.com

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