Chief Security Officers from more evolved organizations are of the view that dependence only on technical skills will not make security relevant for the business. They feel that if risks are not taken, businesses will lose on opportunity. Here are five recommendations for organizations to move information security programs forward and help business groups exploit risk for competitive advantage.
The new digital economy has already begun to have a dramatic impact on our businesses and customer relationships. It started with some great innovations in the retail sector, and other businesses caught on. Today, mobility has taken banking like every other e-commerce experience to the customer on the move. So what does the future of banking look like? Can we visualise a bank that does not have any brick and mortar structure?
Researchers report that the vast majority of mobile applications tested allow access to users' private data stored on the device, leaving users at risk of data loss from vulnerabilities. Many of the flaws could and should have been detected prior to the applications hitting the market place by running a thorough security assessment, but this practice has not become the norm according to the data.
Why is it that technology companies never think of taking on a powerful or marque CIO as their CEO? IT companies would immensely benefit from such a move; who knows the pains, opportunities and challenges of CIOs better than CIOs themselves. Maybe this is the trend for the future; taking CIOs as independent directors on the Board could be a starting point.