Prioritizing Security and Efficiency: No Longer Either/Or! Monday, January 17, 2022

The Buzz 1: “Amateurs hack systems, professionals hack people.” (Bruce Schneier, cryptographer, computer security professional, privacy specialist) The Buzz 2: “If you spend more on coffee than on IT security, you will be hacked. What’s more, you deserve to be hacked.” (Richard Clarke, novelist, former U.S. National Coordinator for Security, Infrastructure Protection and Counter-terrorism ) The Buzz 3: “If you think you know-it-all about cybersecurity, this discipline was probably ill-explained to you.” (Stéphane Nappo, Global Head of Information Security, Société Générale International Banking) The Buzz 4: “My message to companies that think they haven’t been attacked is: ‘You’re not looking hard enough.’” (James Snook, Deputy Director, Office for Cyber Security and Information Assurance) The Buzz 5: “No technology that’s connected to the Internet is unhackable.” (Abhijit Naskar, author, The Art of Neuroscience in Everything) To unlock the power of the company’s data, many business technology implementations focus on optimizing business processes. That focus can sometimes lead to prioritizing efficiency at the expense of security. Reality check: No company can afford to be lax in security in today’s world with both internal and external cybersecurity threats. What to do? It’s time to re-imagine risk and compliance. Simplifying and embedding controls within systems and transactions and gaining early – and even predictive – insight into anomalies and potential risks can help you achieve security in an evolving risk landscape. Security not only delivers increased efficiency, but an overall better user experience by protecting processes, data, identities and financials. We’ll ask Gabriele Fiata at SAP and Pete Hobson at PwC to share their expert insights on Prioritizing Security and Efficiency: No Longer Either/Or!