fresh and insightful recap of Day One at the @Gartner Security & Risk Management Summit
June 3, 2024
Michael Belmarsh
It’s been quite a while since I’ve attended a conference, and I’m thrilled to be here, immersing myself in the world of Cybersecurity Risk & Management, at Gartner’s Security & Risk Management Summit here in National Harbor, Maryland. Before we dive in, let me just say, there is coffee all over the place. Yesterday, I had at least two cups before the keynote – leaving me buzzing with caffeine and excitement!
Day one of the summit was packed with insightful sessions, covering everything from Augmented Cyber and Microsoft’s top 25 Security & IDM features to implement, to Data Loss Prevention, Vulnerability Prioritization, Zero Trust 2.0, Cloud Security Essentials, and ways GenAI can help build better Security architecture.
Yesterday’s keynote Augmented Cybersecurity: How to Thrive Amid Complexity by Gartner’s VP Analysts Christopher Mixter, and Dennis Xu left me with five major takeaways, and I’d like to take a moment to briefly share them:
1. Emphasis on Response & Recovery
It’s not just about prevention anymore. We need to balance our efforts and focus on being prepared for response and recovery as an integrated operation.
2. Growing Risk Appetite
Boards’ risk appetite is growing, which will drive growth. The trend is up, with 55% in the US, 52% in the EU, and a whopping 68% in APAC.
3. GenAI Hype
By 2025, GenAI hype will take over about 15% of the budget.
4. Third-Party Risk
This is up 62%, and it’s not something you can easily unplug. Who is your supply chain, and what is their risk? How are they participating in your operation?
5. Minimum Tool/Technology Set Approach
It’s about finding a balance here to reduce risk. How much time are you managing your tool vs. getting value from them? Where have you over-indexed your tools?
I was excited to see more emphasis on being prepared for response & recovery as an integrated operation. At Versetal, we’ve seen situations where we are managing database technology, our databases go offline, and we hear back from clients 24-48 hours later that there’s a security incident. About 81% of people experienced a breach in some capacity, which is why you can’t ignore the response & recovery. You need to be prepared not only with your business but your entire supply chain for a response and how you will keep the business moving when you have an outage due to a security incident.
Stay tuned for more updates from the summit. And remember, at Versetal, we’re not just an outsourcing partner; we are here to help you in navigating the complexities of the digital age from a position of strength!