{"id":8014,"date":"2019-05-08T21:56:14","date_gmt":"2019-05-08T21:56:14","guid":{"rendered":"https:\/\/oxfordcorp.com\/building-security-into-product-development\/"},"modified":"2023-10-23T07:38:33","modified_gmt":"2023-10-23T07:38:33","slug":"building-security-into-product-development","status":"publish","type":"post","link":"https:\/\/www.oxfordcorp.com\/nl\/insights\/blog\/building-security-into-product-development\/","title":{"rendered":"Building Security into Product Development"},"content":{"rendered":"

When it comes to security in product development, there is a lot to consider, especially now that everything from vehicles to appliances are connected to the internet. Although this connectivity is highly desirable and lucrative in the market, it also opens the door to a slew of\u00a0security threats<\/a>. Companies that previously have not had to consider security from a technological standpoint are now creating devices that have IoT capabilities, and this inexperience leads to vulnerabilities that could have dire consequences. In fact, it is a common belief that the most innocuous devices are the ones that are most likely to be hacked and used to obtain sensitive information.<\/p>\n

When you couple lack of experience with the desire to get new devices to market quickly, it becomes clear why security is often a low priority. In the long run, this attitude can greatly impact companies from a revenue standpoint. According to\u00a0Security Today<\/a>, \u201cthe average cost, globally, for each lost or stolen record containing sensitive and confidential information is\u2026 $148 per record. A 4.8 percent increase from 2017.\u201d Multiply that cost by thousands of users, and the potential loss of revenue is easy to imagine. In order to combat costly mistakes, it\u2019s important to pay attention to existing risks and consider how those risks might evolve in the future. It\u2019s critical to consider how best to develop all the necessary security components for your product, while still remaining effective in the time it takes to get to market. Here are some aspects to keep in mind when pondering these crucial aspects of technological development.<\/p>\n

Planning your development process<\/strong><\/p>\n

In order to ensure that security is a top priority, your organization should answer the following questions with a security-first mindset before embarking on any new project. This way, you are not reactively attempting to fix costly mistakes should something go wrong.<\/p>\n