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Collective Ingenuity against Cyber Attacks

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How can businesses take control of the security crisis that is controlling us? There are two choices. Either collaborate to harden defenses and innovate or stay stuck in the perfect storm created by the emerging technologies and attackers’ ability to use them against us. “Riding out” the storm is clearly NOT an option.  Find out how to strengthen your business.

Published in: Business
  • As a person who might be experiencing the problem of losing the cybersecurity war, there is no obvious bridge to 'build industry specific resilience', 'develop immune system' or 'out innovate'. These seem like meaningless words unless they are an appeal for some kind of supra-organisational collective action...? That's certainly not a meaningful strategy that any CISO I know would like to get investment for. I'm not trying to be critical for the sake of it; I think more elaboration is needed for these ideas to have much value.
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  • Whilst I understand slide 3-4, businesses are losing the cybersecurity war, the proposed solution in slides 7,8,10 seem completely disconnected to me. Maybe it's just that I'm looking at slidesa and not hearing you talk, but the slides are the thing in front of me.
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Collective Ingenuity against Cyber Attacks

  1. 1. The Power of Collective Ingenuity Omar Abbosh Chief Strategy Officer
  2. 2. PAUL VIRILIO The invention of the ship was also the invention of the shipwreck. Copyright © 2016 Accenture All rights reserved. 2
  3. 3. $3,000 $2,000 $1,000 We are spending. A lot. Total annual venture capital funding in cybersecurity increased 76%, to $3.34 billion, in 2015. $183 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Global cybersecurity market to increase to $125 billion by 2020 – up from $84 billion in 2015. Investments in cybersecurity startups grew by 235% over past five years, reaching all-time high of $3.8 billion in 2015. 45% expect to invest in threat intelligence in the next 12 – 18 months. Copyright © 2016 Accenture All rights reserved. 3 Gartner, Forecast: Information Security, Worldwide, 2014-2020, 1Q16 Update, May 10, 2016 CB Insights, Mega-Rounds To Cybersecurity Help Push Funding To New High In 2015. January 27, 2016 ESG Threat Intelligence Research Project, Jon Oltsik, May 2015
  4. 4. The bad guys are still winning. A lot. Copyright © 2016 Accenture All rights reserved. 4 The average total cost of a single data breach rose 23 percent to $3.79 million Cyberattacks could cost up to $90 trillion by 2030 IBM/Ponemon, 2015 Cost of Data Breach Study, May 2015 Atlantic Council and the Zurich Insurance, Risk Nexus, 2015
  5. 5. Solving the security problem 50+large security vendors today 200+new security startups are funded each year Copyright © 2016 Accenture All rights reserved. 5TechCrunch, Cockroaches Versus Unicorns: The Golden Age Of Cybersecurity Startups, January 6, 2016
  6. 6. A necessary course correction a collective ingenuity Copyright © 2016 Accenture All rights reserved. 6
  7. 7. 1 Build industry- specific resilience Copyright © 2016 Accenture All rights reserved. 7
  8. 8. 2 Develop a healthy business immune system Copyright © 2016 Accenture All rights reserved. 8
  9. 9. is not Your attacker a one or a zero Copyright © 2016 Accenture All rights reserved. 9
  10. 10. 3 Drive innovation in a connected ecosystem Copyright © 2016 Accenture All rights reserved. 10
  11. 11. Nadav Zafrir Co-founder and Chief Executive Officer Team8 Copyright © 2016 Accenture All rights reserved. 11
  12. 12. Out innovate the attackers. Make the “good guys” a force to be reckoned with. Copyright © 2016 Accenture All rights reserved. 12
  13. 13. Thank you Copyright © 2016 Accenture All rights reserved. 13

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