
The Three Cornerstones of Unified Risk Management for Product Security
Many businesses have a gap in their approach to product security. This missing link introduces risks that jeopardize the creation of business value.
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CIO Applications Europe | Tuesday, October 05, 2021

Attaching unified risk management to business value is critical to its implementation. Whatever business one runs, one will encounter vulnerabilities, attack vectors, and other situations that necessitate security risk mitigation.
Fremont, CA: Many businesses have a gap in their approach to product security. This missing link introduces risks that jeopardize the creation of business value. In today's threat landscape, security necessitates a holistic approach that includes both software and hardware components — an approach that many organizations lack. Unfortunately, this leads to product vulnerabilities and weak product security, which necessitate post-deployment fixes and reputational damage management, all of which reduce business value.
It's not that security teams are unaware or ignorant; rather, software and hardware activities aren't integrated in a way that effectively balances security and speed. A unified risk management approach based on three key pillars — secure coding, secure testing, and risk assessment — can help strengthen enterprise product security. Companies want to move quickly, get their products and services to market quickly, and be secure. By designing this approach ahead of time, it is possible to reduce security risks caused by product vulnerabilities.
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Bringing Software Security to Hardware
Traditionally, software security has focused on the layers that sit above the operating system, such as mobile and cloud applications. However, with the emergence of internet of things devices and the integration of information technology and operational technology environments, the software layer has extended into the hardware layer in many cases.
Attackers are attempting to breach the hardware layer in order to circumvent all higher-level security controls. For example, attackers may discover devices with insecure firmware code, allowing them to gain access to a system and exfiltrate data or cause other harm. In many ways, hardware is its own domain; however, by applying a software security approach to the firmware programmed into hardware, organizations can begin to contribute to bringing hardware into the picture, unifying their risk assessments, and strengthening security from the ground up.
Risk Assessments Unified
Attaching unified risk management to business value is critical to its implementation. Whatever business one runs, one will encounter vulnerabilities, attack vectors, and other situations that necessitate security risk mitigation. However, security teams cannot do everything in a rapidly changing infrastructure, so risks must be prioritized. And that priority mechanism is governed by a risk threshold set by the business.
Organizations must consider automating as many processes as possible while also repurposing existing workflows and tools, such as code scanners and threat modeling techniques. Programmers are guided through the process of incorporating security into their DevOps processes and maintaining it throughout the continuous integration, continuous delivery (CI/CD) pipeline.
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