Managing Risk is More Important Now Than Ever

February 20, 2018 4154 Views Gabriel Torok

I just read the Forrester Wave™: Governance, Risk, And Compliance Platforms, Q1 2018.

Forrester reminds us all that “Risk and compliance management is more important than ever, thanks to the increasingly intangible nature of business value and the growing risk of violating customer trust.”

The report evaluated 14 leading GRC (governance, risk, and compliance) vendors: ACL, Enablon, IBM, LogicManager, MetricStream, Nasdaq, NAVEX Global, Riskonnect, RSA, Rsam, SAI Global, SAP, ServiceNow, and Thomson Reuters. What was most interesting to me is that 50% of these leading providers use PreEmptive’s application protection tools as part of their own strategy.

With software applications driving new business models, corporate reputations are increasingly at risk and regulatory fines are skyrocketing. Now is an ideal time to implement a comprehensive risk management strategy.

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It’s official. COVID-19, more commonly known as the Coronavirus, has been declared a global pandemic by the World Health Organization (WHO) with hundreds of thousands of cases worldwide. In the United States, restrictions are ramping up as case numbers soar — New York governor Andrew Cuomo has ordered all nonessential workers to stay home, and my own state’s governor Mike DeWine has issued a statewide shelter-in-place order.

Along with disruptions to daily life, the expanding impact of COVID-19 has forced businesses to rapidly pivot and adopt remote-work models — even if they have no experience with mobile connections and on-demand collaboration. The result is a surge in remote everything, from team chats to primary school education to project management and even healthcare delivery. See my previous blog on our customer commitment during the age of Coronavirus.

And while efforts to bridge the digital divide are having a positive impact for both workplace productivity and the mental health of those in isolation, there’s a potential pitfall: Cybersecurity. As noted by CNBC, there’s already been a significant uptick in scam and phishing emails — but what happens if malicious actors breach critical apps and services?

At PreEmptive, we’re closely following the evolving Coronavirus (COVID-19) public health emergency, and our thoughts are with those affected and their families during this difficult time.

We are taking precautionary steps to continue normal operations without affecting our customers. At the same time, ensuring the health and safety of our customers, partners, and employees is our highest priority.

We have provided application protection software to the world's top organizations for more than 20 years. Although, this case is somewhat unique, it is not the first time we have been confronted with economic disruptions and uncertainties. Prior critical lessons have helped shape us into the company we are today: a robust organization with layers of contingency plans in place, a strong balance sheet, and an experienced team that values long-term relationships with our customers and partners above all else.

Evolving Hazards, Emerging Hope and the Expanding Human Element

The theme at the RSA conference this year is the “Human Element” — the critical role of individuals in the efficacy of organizational security measures. Along with sessions about the hazards of IT complexity and the hope of ethical AI, the expanding impact of COVID-19 concerns offered a real-world example of human elements at work, highlighting how IT staff can both help — and hamper — the effectiveness of infosec efforts.

Here’s a look back on some of my biggest takeaways from RSA 2020.

Unlike Y2K, 2020 was not preceded by waves of doomsday predictions, hype and frenetic IT overhauls. Developers are still under pressure to produce more, in less time, and at a lower cost, enterprises are as committed to their love/hate relationship with software as ever, and app users still expect perfection.

…but don’t let the usual crush of work and expectations lull you into a sense that it’s just the same old sprint to the next development project. Recent enforcement precedents, regulatory milestones and standards updates strongly suggest that 2020 app development and app security requirements will be anything but “business as usual.”

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