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The moderator(s) of the workshop gave a brief context on how the current world is transforming into a digital society with enterprises becoming increasingly digitised.
Nathalie Devillier, Associate Professor to department Accounting, Law & Finance, GEM – Grenoble Ecole de Management, highlighted the role of the increased pervasiveness of information technologies in revolutionising society, becoming a transparent mediator of our economic and social activities.
Federico Pigni, Associate Professor to department Management & Technology, GEM – Grenoble Ecole de Management, emphasised that just as new opportunities are on the rise, new challenges are emerging too. Cybersecurity is in the spotlight. Recent examples of car manufactures facing the novel threat of cyber carjacking, healthcare organisations becoming a primary target of data breaches, and retailers finding their point-of-sale (POS) system compromised were quoted. The moderators mentioned that the objective of this workshop was to explore the main opportunities and threats raised by an increasingly digital society, and focus on the role of cybersecurity in supporting and enabling organisations’ success.
Dejan Kosutic (CEO at Advisera.com) presented the main problems that are currently being faced by the information security community. He insisted that in the current world, enterprises are looking for a solution to decrease the cost of information security implementation, achieve compliance to the applicable regulatory standards, and fit cybersecurity into existing business plans. He also highlighted that the current issue is that measurement is focused on key performance indicators (KPIs) of processes and safeguards only and does not consider the holistic nature of cybersecurity. He suggested ways to get top management interested in information security, such as how information security implementation is helping them lower operating costs, easing compliance processes, increasing revenue/market share, and contributing to the competitive advantage of the company. In conclusion, he asked implementation partners to remember that ‘Information security and profitability / market share / shareholder value are related’.
The private sector representative on the panel, Federico Smith, Manager, Excellence Center DS Platform, Scalian Group, presented views on how Internet governance and Big Data are revolutionising world economics. He called the phenomenon ‘petroleum power’ and gave examples of issues related to intellectual properties and patents. He mentioned that cyberwarfare is a reality for connected organisations and should no longer be considered a myth. He gave examples of major cyberattacks that were exploited between the period 2014–2016
In conclusion, Pigni raised questions for the panellists and the audience on how mindset and organisational readiness for cybersecurity can be accomplished. He said that various stakeholders need to brainstorm and come up with proven methodologies that can be adopted by the industry to achieve a cybersecurity transformation that is strategically aligned to business transformation.
by Mohit Saraswat