How Companies Achieve Balance Between Technology Enabled Innovation And Cyber Security

With increasing economic pressures and exponential growth in technological innovations, companies are increasingly relying on digital technologies to fulfill their innovation and value creation agendas. At the same time, based on the increasing levels of cyber-security breaches, it is clear that the trustworthiness of many established and new technologies is not yet well addressed or appreciated as a fundamental core value in the new digital economy. Consequently, companies are aggressively pursuing strategies to increase cybersecurity of their existing and new digital assets. Many ClOs are faced with having to deal with both of these priorities simultaneously and find them to be frequently conflicting, and creating tensions. This exploratory study first introduces a framework for evaluating these risk/reward trade-offs. Through a survey and a series of interviews, companies are positioned in different quadrants on a digital innovation and cyber-security maturity matrix. This positioning is then overlaid with the perceptual negative impact of cyber-security controls on the innovative projects. The thesis then analyzes the industry level, firm level, technology management and the technology maturity factors that affect this perception and these trade-offs. Ultimately the thesis provides a set of practical recommendations for any company to evaluate their own positioning on the innovation / cyber-security matrix, understand the underlying factors that affect that position and how to better manage these trade-offs.

Move beyond cybersecurity to take protection of your digital business to the next level Beyond Cybersecurity: Protecting Your Digital Business arms your company against devastating online security breaches by providing you with the information and guidance you need to avoid catastrophic data compromise. Based upon highly-regarded risk assessment analysis, this critical text is founded upon proprietary research, client experience, and interviews with over 200 executives, regulators, and security experts, offering you a well-rounded, thoroughly researched resource that presents its findings in an organized, approachable style. Members of the global economy have spent years and tens of billions of dollars fighting cyber threats—but attacks remain an immense concern in the world of online business. The threat of data compromise that can lead to the leak of important financial and personal details can make consumers suspicious of the digital economy, and cause a nosedive in their trust and confidence in online business models. Understand the critical issue of cyber-attacks, and how they are both a social and a business issue that could slow the pace of innovation while wreaking financial havoc Consider how step-change capability improvements can create more resilient organizations Discuss how increased collaboration within the cybersecurity industry could improve alignment on a broad range of policy issues Explore how the active engagement of top-level business and public leaders can achieve progress toward cyber-resiliency Beyond Cybersecurity: Protecting Your Digital Business is an essential resource for business leaders who want to protect their organizations against cyber-attacks.

This book takes a unique approach by exploring the connection between cybersecurity, digitalization, and business intelligence. In today's digital landscape, cybersecurity is a crucial aspect of business operations. Meanwhile, organizations continue to leverage digital technologies for their day-to-day operations. They must be aware of the risks associated with cyber-attacks and implement robust cybersecurity measures to protect their assets. It provides practical insights and solutions to help businesses better understand the impact of cybersecurity on their digitalization and business intelligence strategies. It provides practical insights and solutions for implementing cybersecurity measures in organizations and covers a wide range of topics, including threat intelligence, risk management, compliance, cloud security, and IoT security. The book takes a holistic approach and explores the intersection of cybersecurity, digitalization, and business intelligence and examines the possible challenges and opportunities.

Managing Risk and Information Security: Protect to Enable, an ApressOpen title, describes the changing risk environment and why a fresh approach to information security is needed. Because almost every aspect of an enterprise is now dependent on technology, the focus of IT security must shift from locking down assets to enabling the business while managing and surviving risk. This compact book discusses business risk from a broader perspective, including privacy and regulatory considerations. It describes the increasing number of threats and vulnerabilities, but also offers strategies for developing solutions. These include discussions of how enterprises can take advantage of new and emerging technologies—such as social media and the huge proliferation of Internet-enabled devices—while minimizing risk. With ApressOpen, content is freely available through multiple online distribution channels and electronic formats with the goal of disseminating professionally edited and technically reviewed content to the worldwide community. Here are some of the responses from reviewers of this exceptional work: “Managing Risk and Information Security is a perceptive, balanced, and often thought-provoking exploration of evolving information risk and security challenges within a business context. Harkins clearly connects the needed, but often-overlooked linkage and dialog between the business and technical worlds and offers actionable strategies. The book contains eye-opening security insights that are easily understood, even by the curious layman.” Fred Wettling, Bechtel Fellow, IS&T Ethics & Compliance Officer, Bechtel “As disruptive technology innovations and escalating cyber threats continue to create enormous information security challenges, Managing Risk and Information Security: Protect to Enable provides a much-needed perspective. This book compels information security professionals to think differently about concepts of risk management in order to be more effective. The specific and practical guidance offers a fast-track formula for developing information security strategies which are lock-step with business priorities.” Laura Robinson, Principal, Robinson Insight Chair, Security for Business Innovation Council (SBIC) Program Director, Executive Security Action Forum (ESAF) “The mandate of the information security function is being completely rewritten. Unfortunately most heads of security haven’t picked up on the change, impeding their companies’ agility and ability to innovate. This book makes the case for why security needs to change, and shows how to get started. It will be regarded as marking the turning point in information security for years to come.” Dr. Jeremy Bergsman, Practice Manager, CEB “The world we are responsible to protect is changing dramatically and at an accelerating pace. Technology is pervasive in virtually every aspect of our lives. Clouds, virtualization and mobile are redefining computing – and they are just the beginning of what is to come. Your security perimeter is defined by wherever your information and people happen to be. We are attacked by professional adversaries who are better funded than we will ever be. We in the information security profession must change as dramatically as the environment we protect. We need new skills and new strategies to do our jobs effectively. We literally need to change the way we think. Written by one of the best in the business, Managing Risk and Information Security challenges traditional security theory with clear examples of the need for change. It also provides expert advice on how to dramatically increase the success of your security strategy and methods – from dealing with the misperception of risk to how to become a Z-shaped CISO. Managing Risk and Information Security is the ultimate treatise on how to deliver effective security to the world we live in for the next 10 years. It is absolute must reading for anyone in our profession – and should be on the desk of every CISO in the world.” Dave Cullinane, CISSP CEO Security Starfish, LLC “In this overview, Malcolm Harkins delivers an insightful survey of the trends, threats, and tactics shaping information risk and security. From regulatory compliance to psychology to the changing threat context, this work provides a compelling introduction to an important topic and trains helpful attention on the effects of changing technology and management practices.” Dr. Mariano-Florentino Cuéllar Professor, Stanford Law School Co-Director, Stanford Center for International Security and Cooperation (CISAC), Stanford University “Malcolm Harkins gets it. In his new book Malcolm outlines the major forces changing the information security risk landscape from a big picture perspective, and then goes on to offer effective methods of managing that risk from a practitioner's viewpoint. The combination makes this book unique and a must read for anyone interested in IT risk." Dennis Devlin AVP, Information Security and Compliance, The George Washington University “Managing Risk and Information Security is the first-to-read, must-read book on information security for C-Suite executives. It is accessible, understandable and actionable. No sky-is-falling scare tactics, no techno-babble – just straight talk about a critically important subject. There is no better primer on the economics, ergonomics and psycho-behaviourals of security than this.” Thornton May, Futurist, Executive Director & Dean, IT Leadership Academy “Managing Risk and Information Security is a wake-up call for information security executives and a ray of light for business leaders. It equips organizations with the knowledge required to transform their security programs from a “culture of no” to one focused on agility, value and competitiveness. Unlike other publications, Malcolm provides clear and immediately applicable solutions to optimally balance the frequently opposing needs of risk reduction and business growth. This book should be required reading for anyone currently serving in, or seeking to achieve, the role of Chief Information Security Officer.” Jamil Farshchi, Senior Business Leader of Strategic Planning and Initiatives, VISA “For too many years, business and security – either real or imagined – were at odds. In Managing Risk and Information Security: Protect to Enable, you get what you expect – real life practical ways to break logjams, have security actually enable business, and marries security architecture and business architecture. Why this book? It's written by a practitioner, and not just any practitioner, one of the leading minds in Security today.” John Stewart, Chief Security Officer, Cisco “This book is an invaluable guide to help security professionals address risk in new ways in this alarmingly fast changing environment. Packed with examples which makes it a pleasure to read, the book captures practical ways a forward thinking CISO can turn information security into a competitive advantage for their business. This book provides a new framework for managing risk in an entertaining and thought provoking way. This will change the way security professionals work with their business leaders, and help get products to market faster. The 6 irrefutable laws of information security should be on a stone plaque on the desk of every security professional.” Steven Proctor, VP, Audit & Risk Management, Flextronics

Learn how to build a proactive cybersecurity culture together with the rest of your C-suite to effectively manage cyber risks Key FeaturesEnable business acceleration by preparing your organization against cyber risksDiscover tips and tricks to manage cyber risks in your organization and build a cyber resilient businessUnpack critical questions for the C-suite to ensure the firm is intentionally building cyber resilienceBook Description With cyberattacks on the rise, it has become essential for C-suite executives and board members to step up and collectively recognize cyber risk as a top priority business risk. However, non-cyber executives find it challenging to understand their role in increasing the business's cyber resilience due to its complex nature and the lack of a clear return on investment. This book demystifies the perception that cybersecurity is a technical problem, drawing parallels between the key responsibilities of the C-suite roles to line up with the mission of the Chief Information Security Officer (CISO). The book equips you with all you need to know about cyber risks to run the business effectively. Each chapter provides a holistic overview of the dynamic priorities of the C-suite (from the CFO to the CIO, COO, CRO, and so on), and unpacks how cybersecurity must be embedded in every business function. The book also contains self-assessment questions, which are a helpful tool in evaluating any major cybersecurity initiatives and/or investment required. With this book, you'll have a deeper appreciation of the various ways all executives can contribute to the organization's cyber program, in close collaboration with the CISO and the security team, and achieve a cyber-resilient, profitable, and sustainable business. What you will learnUnderstand why cybersecurity should matter to the C-suiteExplore how different roles contribute to an organization's securityDiscover how priorities of roles affect an executive's contribution to securityUnderstand financial losses and business impact caused by cyber risksCome to grips with the role of the board of directors in cybersecurity programsLeverage the recipes to build a strong cybersecurity cultureDiscover tips on cyber risk quantification and cyber insuranceDefine a common language that bridges the gap between business and cybersecurityWho this book is for This book is for the C-suite and executives who are not necessarily working in cybersecurity. The guidebook will bridge the gaps between the CISO and the rest of the executives, helping CEOs, CFOs, CIOs, COOs, etc., to understand how they can work together with the CISO and their team to achieve organization-wide cyber resilience for business value preservation and growth.

Discover the ins and outs of cybersecurity architecture with this handbook, designed to enhance your expertise in implementing and maintaining robust security structures for the ever-evolving digital landscape Key Features Gain insights into the cybersecurity architect role and master key skills to excel in it Acquire a diverse skill set for becoming a cybersecurity architect through up-to-date, practical examples Discover valuable tips and best practices to launch your career in cybersecurity Purchase of the print or Kindle book includes a free PDF eBook Book DescriptionStepping into the role of a Cybersecurity Architect (CSA) is no mean feat, as it requires both upskilling and a fundamental shift in the way you view cybersecurity altogether. Cybersecurity Architect’s Handbook is an all-encompassing guide, introducing the essential skills for aspiring CSAs, outlining a path for cybersecurity engineers and newcomers to evolve into architects, and sharing best practices to enhance the skills of existing CSAs. Following a brief introduction to the role and foundational concepts, this book will help you understand the day-to-day challenges faced by CSAs, supported by practical examples. You'll gain insights into assessing and improving your organization’s security posture, concerning system, hardware, and software security. You'll also get to grips with setting user and system policies and protocols through effective monitoring and enforcement, along with understanding countermeasures that protect the system from unauthorized access attempts. To prepare you for the road ahead and augment your existing skills, the book provides invaluable tips and practices that will contribute to your success as a CSA. By the end of this book, you’ll be well-equipped to take up the CSA role and execute robust security solutions.What you will learn Get to grips with the foundational concepts and basics of cybersecurity Understand cybersecurity architecture principles through scenario-based examples Navigate the certification landscape and understand key considerations for getting certified Implement zero-trust authentication with practical examples and best practices Find out how to choose commercial and open source tools Address architecture challenges, focusing on mitigating threats and organizational governance Who this book is for This book is for cybersecurity professionals looking to transition into a cybersecurity architect role. Solution architects interested in understanding the scope of the role and the necessary skills for success will also find this book useful.

To cope with the competitive worldwide marketplace, organizations rely on business intelligence to an increasing extent. Cyber security is an inevitable practice to protect the entire business sector and its customer. This book presents the significance and application of cyber security for safeguarding organizations, individuals' personal information and government. The book provides both practical and managerial implications of cyber security that also supports business intelligence and discusses the latest innovations in cyber security. It offers a roadmap to master's degree students and Ph.D. researchers for cyber security analysis in order to minimize the cyber security risk and protect customers from cyber-attack. The book also introduces the most advanced and novel machine learning techniques including, but not limited to, Support Vector Machine, Neural Networks, Extreme Learning Machine, Ensemble Learning, and Deep Learning Approaches, with a goal to apply those on cyber risk management datasets. It will also leverage real-world financial instances to practice business product modelling and data analysis. The contents of this book will be useful for a wide audience who are involved in managing network systems, data security, data forecasting, cyber risk modelling, fraudulent credit risk detection, portfolio management, and data regulatory bodies. It will be particularly beneficial to academics as well as practitioners who are looking to protect their IT system, reduce data breaches and cyber-attack vulnerabilities.

Organizations need to innovate and evolve or go into extinction- to cope with demands of being innovative and meet the current and future needs of customers, organizations must be prepared to embrace technologies in the cyberspace. Gartner’s 2016 Hype Cycle reveals distinct technology trends which are complimented by Forbes top 25 most innovative companies as factors responsible for companies’ consistent leadership and profitability in their respective industries. Imbibing technology innovations comes with inherent cyber security challenges owing to dynamic threat landscape and potential breaches. This research study proffers guides using a Risk assessment approach to technology innovation as means of balancing the need to imbibe technology innovations and remain cyber secured. It also designs a guide to integrate information security into an innovation process as a holistic approach to meeting the concerns of companies that want to technologically innovate while maintaining the information security and business needs of the organization.

Financial technology (fintech) is emerging as an innovative way to achieve financial inclusion and the broader objective of inclusive growth. Thus far, fintech in the MENAP and CCA remains below potential with limited impact on financial inclusion. This paper reviews the fintech landscape in the MENAP and CCA regions, identifies the constraints to the growth of fintech and its contribution to inclusive growth and considers policy options to unlock the potential.