Digitalization is the most disruptive force affecting global markets today.

Larry Clinton Pres. & CEO Internet Security Alliance

Larry Clinton
Pres. & CEO
Internet Security Alliance

Forum Host Bill  Raisch:  Larry as CEO of the Internet Security Alliance, you have a definitive multi-sector perspective both through your members as well as through your wider engagement.   Your organization has also done a substantial amount of research in the digital arena and produced some significant thought leadership as well as policy products to the US Government and others.

With that lens as a starting point, What do you see as one of the most important disruptors facing global corporations, markets and/or wider society?

Larry Clinton:  The digital revolution is the most disruptive force affecting global markets today.  Most organizations have by now begun to factor into their business plans the positive elements of digitization such as web based marketing, inventory efficiencies, off-site servicing and employee management systems.  Moreover, the globalization of markets has been tremendously accelerated by digitalization bringing both massive new opportunities and new competitors, However enterprises have been slow to appreciate the full extent of their vulnerability to cyber-attacks. Many organizations are still limiting their notion of the downside of digital attacks to comparatively small items such as IT and website downtime. In reality their most precious business secrets, intellectual property and long term competitiveness are being challenged.  Sometimes their security is being undermined by competitive needs to adopt strategies and technologies, such as the use of international supply chains and cloud computing systems that inherently undermine their security. Many are also fighting advanced cyber threats with outdated theories and systems such as perimeter defense, oriented anti-virus and passwords that are of marginal effectiveness against modern attacks.

Bill Raisch:   Ok, then what do you see as the potential impacts of “digitalization” as a disruptor?

Larry Clinton:  Digitalization has fundamentally changed the way we need to understand almost everything, concepts of self, concepts of privacy, concepts of national defense and business economics.  Its disruptive effects are barely being considered let alone fully understood.

 Bill Raisch:  Then what strategies would you suggest to address the digitalization disruptor – to either mitigate negative impacts and/or to capitalize on potential opportunities?

Larry Clinton: There are many many things that ought to be done to manage the effect digitization’s effects.  The most basic of these is to broaden the notion of what we are discussing.  Too often both corporate and national policy makers are thinking of cyber issues as simply “IT” issues to be managed by technologies and associated standards and practices.  In reality this is an enterprise-wide risk management issue that must be understood and addressed in a multi-faceted and comprehensive approach integrating technology with business economics (both the good and the bad) as well as enlightened national policy.

 

Posted by Bill Raisch, Host – Global Disruptors Forum

Rapid information flow, Mother Nature & accelerated change

Edward Erickson - Fmr. Global Head of Cisco's Supply Chain Risk Management, Safety, Security & BCP / Founder Supply Chain Risk Leadership Council, Currently VP, Intrapoint

Edward Erickson – Fmr. Global Head of Cisco’s Supply Chain Risk Mgmt., Safety, Security & BCP, Currently VP, Intrapoint

Forum Host Bill Raisch:  Edward, Cisco is essentially a wide web of interrelationships and operations across an extensive global footprint.  You had responsibility for risk in the supply chain, which if I recall correctly runs into the thousands of suppliers, as well as responsibility for security, safety and business continuity for Cisco.  That’s a lot of moving pieces and functions.  You’re now working on an enterprise resilience platform at Intrapoint.

What do you see the most important disruptors facing global corporations, markets and/or wider society?  

Edward Erickson:

Rapid and / or incorrect information flow i.e. stock market recently, highlights the need to be prepared as you are tried in the public with no time to formulate

Mother nature – seems as volatility is accelerating in combination with interdependencies – low cost regions more susceptible

Accelerated rate of change, both in tech and customer preference, highlights need for forward thinking and agility built into capabilities and mindsets.

Bill Raisch:  What do you see as potential impacts of these disruptors?

Edward Erickson:

  • Brand reputation
  • Market share loss

Bill Raisch:      What strategies would you suggest to address these disruptor – to either mitigate negative impacts and/or to capitalize on potential opportunities?

Edward Erickson: 

  • Develop all hazard plans that can be adapted and invoked through imbedded processes and accelerated and replicated with technology
  • Develop a process for assessing and addressing risks on the horizon – must companies do the former, not the later
  • Diversification

 

Posted by Bill Raisch, Host – Global Disruptors Forum

Continuing natural disasters with widening impacts

Corp. & Govt. Security Executive; Fmr. VP & Global Security Head - Thomson Reuters

Corp. & Govt. Security Executive; Fmr. VP & Global Security Head – Thomson Reuters

Forum Host Bill Raisch:  Ed, you’ve had responsibility for security in a wide range of environments from the US military to major Fortune 500 firms including Thompson Reuters, CIT Group and Pfizer.

What do you see as one of the most important disruptors facing global corporations, markets and/or wider society?

Ed Levy:  Natural Disasters – will continue to happen on a global scale; very little to mitigate or divert the occurrence; no direct targeting; wide area impact…businesses, homes, people, all sectors of the infrastructure, etc. 

Bill Raisch:  What are the potential impacts of this disruptor?

Ed Levy:  Long term and financial impacts from response, consequence management, business impact, reputational, and human toll.

Bill Raisch:  What strategies would you suggest to address this disruptor – to either mitigate negative impacts and/or to capitalize on potential opportunities?

Ed Levy:

  • Realistic risk management program to address potential consequences.
  • Sustainable and dedicated emergency response and crisis management programs within the government and private sectors.
  • Functional business resiliency/continuity and disaster recovery capabilities.