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Managing Digital Risk: Trends, Issues and Implications for Business

Managing Digital Risk: Trends, Issues and Implications for Business. PRITH BANERJEE— SENIOR VICE PRESIDENT, RESEARCH & DIRECTOR, HP LABS. Managing digital risks. Rapid progress of technology and business reliance on technology mean companies face a growing problem with digital risk.

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Managing Digital Risk: Trends, Issues and Implications for Business

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  1. Managing Digital Risk: Trends, Issues and Implications for Business PRITH BANERJEE—SENIOR VICE PRESIDENT, RESEARCH & DIRECTOR, HP LABS

  2. Managing digital risks Rapid progress of technology and business reliance on technology mean companies face a growing problem with digital risk. The rate, scale and sophistication of attacks will continue to adapt and grow with changing technology Digital risk needs to become a Board-level concern Risk managers need to develop comprehensive digital risk management strategies

  3. HP MOBILE/CLOUD: A COMPLETE SYSTEM Next-generation information infrastructure MOBILITY Always-connected DevicesSmartphones, slates, notebooks, printers Consumer Services + Mobile AppsSnapfish, MagCloud, Melodeo, ePrint, Gloe, Friendlee, Gabble… 4000+ Apps on WebOS Enterprise Cloud SolutionsHelp instant-on enterprises build, consume, manage and secure cloud services in hybrid environments Infrastructure as a ServiceCompute and storage resources, on-demand “Arms dealer” to Service Providers From BladeMatrix to Indigo CLOUD

  4. The rapid pace of technology change Information Explosion Connected Technology Connected People Virtual Business

  5. The changing nature of threats 10 years ago: Disruption from fast spreading malware 5 years ago: Money stealing Today: Well-funded, hidden, sophisticated and targeted attacks

  6. Anatomy of a typical attack Anatomy of a typical attack

  7. The digital threat environment Service providers Human errors Extortion Cyber-activism Cyber-fraud Crime-ware tools and services marketplace Industrial espionage Hackers Cyber-theft Computer failures Cyber-terrorism Natural disasters Insiders/Employees Cyber-warfare

  8. The attack environment responds toO quickly to new opportunities

  9. How should companies respond? • A number of suggestions on • Risk mitigation – realm of the IT department • Risk transfer – increasing opportunity to insure • Risk research – to deal with complexity • Regular intelligent review of the digital threat environment and the business dependency on technology • Need for more Collaboration, Communication and Co-operation to combat the threat environment

  10. Thank you

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