The New Era of Digital Trust - Strategies to mitigate risk across the enterprise

Presented by

Chris Poulin - Director, Technology & Strategy/ Deputy CTO, BITSIGHT; Bruno Horta Soares - Leading Executive Advisor, IDC

About this talk

Ecosystems based on trust will ensure integrity in transactions among entities by proactively managing the collective risk of an ecosystem that spans partners, suppliers, customers, and internal employees. Trusted ecosystems deliver integrity by design in digital transactions between partner entities.  Building trusted ecosystems will depend on new “rules of engagement” and new procedures across functional domains such as marketing, finance, procurement, and even with customers. Given the need for speed and agility in the hyperconnected digital economy, organizations will also develop a “trust framework” that allows for assessing, managing, and measuring risk in the ecosystem. These frameworks will help accelerate the process of establishing relationships that drive trustworthiness within the ecosystem. The webinar will discuss some of the main topics related with IDC vision of the “trust framework” and how Bitsight solutions are helping enterprises around the world creating trust outcomes, by improving security performance measurement across the Organization and ecosystem. Some of the discussing topics: ● Understanding the ecosystem cyber risk in its entirety (meaning understanding risk should go beyond immediate partners and include partner’s partners). ● Understanding all the potential risks to the ecosystem and prioritize those risks based on the impact to the entire ecosystem (Vendor risk tiering); ● Understanding what measures Organizations are required to implement based on European regulations; ● Developing plans for continuous monitoring of risks and vulnerabilities and creating ways to measure the collective “security rating” of the entire ecosystem.

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BitSight transforms how organizations manage cyber risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help organizations manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct financial diligence; and assess aggregate risk. With over 2,100 global customers and the largest ecosystem of users and information, BitSight is the Standard in Security Ratings.