A world with integrated risk management: RSA

The RSA product roadmap focuses on enabling digital risk
management under the pillars of visibility, insights and
actions.

An integrated risk management approach is the way to go for cybersecurity when everything is now interconnected in the digital enterprise, and technology is maturing such that analytics can yield even more useful information.

This was the key takeaway from Grant Geyer, SVP, Products, RSA, who elaborated on the company's digital risk management mindset at a press and analyst day ahead of the RSA Conference Asia Pacific & Japan 2018.

"(It's about) keeping the bad guys out, letting good guys in, determining what your risk tolerances are and managing residual risk after you put controls in place," said Geyer.

He noted that risk management, security operations, and identity and access management used to be handled independently in the past, but they need to be in synch when information from one area influences decisions in another. 

Ideally, companies will be able to use the risk management method to identify security breaches and get them under control quickly, as Geyer showed in a scenario with the fictional Prymid Company. "The breach is under control, stakeholders are working in concert, so the board can focus on growing the company," he said. "With RSA risk management is part of the job of the chief risk officer, and it's also about what risks you don't have to focus on."

"The wrong answer is to avoid risk, the right answer is to manage risk. You can make a conscious choice about (whether) this risk is worth taking and that risk is perhaps not," added Rohit Ghai, President, RSA.

"Business and government leaders want to know, 'what is the level of risk?' and 'are we on the path to reducing that risk?'. They don't want perfection, they just want to understand are things good, bad, better or worse." 

"You can't dream up an unhackable world. You have to dream up a safer world," Ghai concluded.

Explore:

Read the TechTrade Asia blog posts about RSA's digital risk management focus and the threats and challenges in a digital Asia

Browse pictures of the conference on Facebook

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