As more and more of our lives go online, our sense of safety and security in the digital world too is poised to change.
Human beings by nature are attuned to sensing physical danger. The lifestyle of our prehistoric ancestors ensured that our involuntary fight or flight mode gets activated whenever we sense a threat to our lives. The same attitude permeates the life and style of corporations. Physical security guards, cameras, locks and keys are investments that are never thought of much. They protect what is valuable.
As more and more of our lives go online, our sense of safety and security in the digital world too is poised to change. The realisation of how much under threat are we is still absent in the vast populations of the networked enterprises of today. The extent of the threat as well as its insidious nature is only slowly getting attention at the board and CXO level in most companies. Do CFOs need to care? Yes, absolutely. Cyber threats are a big risk on the landscape. And they can threaten the very foundation of today’s wired businesses.
If you thought Indian companies are immune then that is a mistake. Indian companies are coming under attack. One of the recent anecdotes at a conference on web security was about how Indian banks have received ransom threats for Bitcoin payments. Sounds fantastic? Not really. Just ask around in the CSO community and perhaps you will unearth a monster. Our cover story this June looks at a few of these trends and how organisations are coping.
Another article that you may find useful is around the Hobson’s choice that faces the central banks across the globe – the difference between global and local. Jamie Caruana, former central bank chief of Spain talks about eliminating the blindspot.
Going a little local and looking at India-specific issues, do check out what our columnist for the month has to say about the talent risk that can completely undo the ambitious ‘Make in India’ efforts. If that sounds too cautious for you, then consider what the Amex survey taps into CFO sentiments.
And if stress bugs you then you might want to check out the Lounge Health section to figure out whether your dental health can provide a peek into other potential health troubles.
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