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General Misconceptions about Information Security Lead to an Insecure World
Abstract:ABSTRACT

It is becoming clear that the underground hacking industry as a whole (not just individual hackers) is continually gaining ground despite the best efforts of the information security industry. It seems the latter should have an overwhelming advantage, as a multibillion dollar industry staffed with hundreds of thousands of security professionals. However, the efforts of the information security industry are almost always reactive, and in most cases amount to losing ground on the defensive. The unfortunate and seldom acknowledged truth is that the underground hacking industry is always one step ahead. Why are we so slow to respond when all evidence indicates that such delays lead to enormous business losses? Is it possible that the fundamental way our information system security is organized has some inherited deficiencies which are prohibiting us from successfully mounting an effective defense?

Today's losses are becoming too great to say that we are just in need of some evolutionary improvements. Instead, we need to reevaluate the way we go about security business as a whole. In this article, we consider various processes common to both information systems and information system security based on both well-known cases and personal experience. This is our initial attempt to analyze how information system security is organized and to suggest some core changes to its processes.
Keywords:information systems  information systems security  hacking  business management  security management  business goal  risk management  financial losses
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