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!

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