With the ever-growing rise of ransomware, data hacks, privacy concerns and the like, we understandably focus more on cybersecurity. But Gartner analyst Josh Downie says we might be overlooking a greater threat:
“If you actually look at the Fortune 1000 historically, no Fortune 1000 company has ever gone out of business due to a security risk. I’m not going to claim that there aren’t very serious breaches that happen, but it hasn’t driven anyone out of business to date. Whereas if you look at IT risk, so who have failed to execute on that IT strategy, we certainly see a lot of organizations that have been Ubered.”
Your business and IT strategies cannot overlook the risk that emerging technologies pose. But how do you assess your emerging technology risks? And how can chief information security officers (CISOs) take steps to better protect your company’s future? Josh Downie, senior executive advisor with CEB now Gartner, shares his insights with Gartner ThinkCast correspondent Mary Mellor.
THE CONVERSATION RUNDOWN
- 00:57 — IT Risk vs. Information Risk
- 01:53 — The Impact of Digitalization
- 03:42 — Barriers to Managing Risk
- 04:25 — An Opportunity for CISOs?
- 05:35 — Good Risk Management Approaches
- 06:38 — Why Now?
- 07:28 — Building an Effective Strategy
MEET JOSH DOWNIE
Josh Downie is a Senior Executive Advisor with Gartner’s CEB Information Risk and Security Practice. He has 11+ years of experience working with senior risk management and information security executives. Mr. Downie advises clients on topics including controls frameworks, risk management (risk assessment, reporting, and business engagement), information risk and security strategy, and security talent management. Mr. Downie joined CEB, now Gartner, in 2006. At CEB, Mr. Downie started out as a researcher on the Audit Leadership Council team, then the Enterprise Risk Management research team, before moving on to an advisory role. Prior to that, he worked as lawyer. He received his B.S. in Mechanical Engineering from Carnegie Mellon University, and a J.D. from American University, Washington College of Law. He currently resides in Washington, D.C.
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