1st November 2022 • Radisson Blu Scandinavia Hotel, Copenhagen, Denmark
From cybersecurity to digital risk management
As businesses rely ever more heavily on real-time data access, and on sharing it with their ecosystems, can CISOs keep up?
Securing on-demand data
In 2020, on average, every person on Earth created 1.7 megabytes of data each second, data that is increasingly the fuel on which successful businesses run. Organizations of all kinds are collecting more and more data about customers—everything from financial transactions to electricity consumption to social-media views—to understand and influence purchasing behaviour and more effectively forecast demand.
These data-driven business strategies, often executed via ecosystem or online marketplace/platform models, require high-speed on-demand access to ubiquitous data stored on prem and in the cloud.
Companies are not only gathering more data but also centralizing it, storing it on the cloud, and granting access to an array of people and organizations, including third parties such as suppliers.
At the same time as companies are dealing with an explosion in data collection and distribution, hybrid working models and changes in customer behaviour are exacerbating its security implications.
New business ecosystems create complex networks of trusted relationships amongst whom data must be exchanged.
Criminals are adapting the latest vulnerabilities to exploit those relationships and supply chains. And they are intensifying attacks on the cloud infrastructure with new, sophisticated approaches.
This is the concrete reality of ‘digital transformation’ and its impact upon the security of digital systems. And the challenges are only going to become more complex as platform business models creep into more sectors. Boards now realise the cyber threat to their core business strategies, and regulators are finally starting to deliver true cybersecurity regulation, rather than just data privacy.
So, how are CISOs coping with these changes in business model? Do traditional security stacks make sense or are companies having to rely more on the security tools embedded in their enterprise application suites and cloud solutions? As truly Big Data becomes the foundation of even SMEs’ business models, how can companies be sure that they are securing their digital future?