The focus on the protection of data against misuse, hacking, inadvertent human error continues to grow as innovations such as Artificial Intelligence, Biometrics, Big Analytics become more widely tested and adopted.
Reflecting on the increasing importance of this topic, panels at two forums dived into the implications and challenges of data breaches: CISO Elite Asia 2018 (Oct 24th – 25th 2018, Shangri-La Rasa Sentosa Report and Spa Singapore, “Data Breach – Walk with Privacy, Security & Trust in a changing regulatory landscape) and ARiMI (Asia Risk Management Institute) Risk Innovation Forum (Oct 25th 2018, Grand Copthorne Hotel, “Privacy, Security & Reputation – The Risk Management Challenges posed by IoT & AI to Data Ownership and Protection and the Need for Regulations to Protect Business Relationships”).
We gathered here the 7 highlights from the forums:
1.Incident response is as important as defense. Data breach events happen fast and often with zero notice. Investigation the source of a data breach or issue, contain it, verify the extent of losses and—most importantly—limit the impact is important. Plan now for the unexpected, test and adapt as the organisation evolves.
2.One of the challenges facing organisations is striking the right balance between harnessing new technologies and addressing data protection concerns. There is no easy answer as data breaches continue to be a threat. The Verizon Data Breach Investigations Report 2018 (DBIR) cited that the 9 incident patterns identified in 2014 that still hold true today – such as Denial of Service, Payment Card Skimmers, Privilege Misuse, Cyber-Espionage…Click here to read full article.
