According to a recent Ponemon Institute survey, Intelligence Driven Cyber Defense, sponsored by Lockheed Martin, 46% of financial services stakeholders consider cyber threats the number one risk to the global economy.
Everywhere you turn it seems as though there is another article or blog about ‘Big Data’.
Given the importance of data and the opportunities it provides to businesses—to fuel better business decisions, facilitate more meaningful customer interactions, and develop new products and services—the topic is worthy of much discussion.
One of the most common terms in any large organization is Risk Management. Risk Management has grown from a vertical role shared by multiple organizational executives into a separate horizontal practice in which a series of professionals can often dedicate entire careers. But what exactly is Risk Management? What is IT Risk Management? What is a Risk Management Framework? And why is it a vital component of an effective cyber security platform? For me, Risk Management is a rigorous business discipline that if applied and communicated correctly can ensure a business continues to achieve a strategy for profitable growth. It’s also the language of executives and one that cyber security executives should be extremely well versed in.