03 July 2017
Blogs by author: Eric Feddal, COO, South East Asia, BT
Digital risk and opportunity are two sides of the same coin. Find out why, to thrive in today’s world, you need to embrace both technology and security.
Digital transformation is a priority for businesses. Customers and employees are more demanding, ecosystems are evolving, and the established rules of business economics and decision making are shifting. These changes are opening up new opportunities through transforming costs, improving customer experiences, making operational efficiencies and creating whole new business models.
Our customers are turning to digital technologies to remain agile and meet their customer expectations. While it’s clear that digital is now a boardroom priority and indeed for many a competitive imperative, everyone is at a different stage and transforming at different speeds.
We’re working with our customers to develop a digital strategy and build a secure infrastructure optimised for their needs. An infrastructure that exploits cloud services for the benefit of their business without compromising security or regulatory requirements.
Digital risk and opportunity are two sides of the same coin. To gain the trust of individuals, ecosystems, and regulators in the digital economy, businesses must possess strong security at each stage of the customer journey. And new products and services must be secure-by-design. Businesses that get this right will enjoy such high levels of trust that their customers will look to them as guides for the digital future.
The digital security opportunity lies in three areas:
1. Comply with regulation - You need to look at your entire security landscape, because it underpins your efforts to comply and protect data.
2. Protect what matters most. In other words protect your data regardless of where it is travelling.
3. Harness big data - Security, network, and user devices now produce vast quantities of data. The modern challenge is to rapidly make sense of that data; in real-time, to detect and prevent internal and external threats.
To help customers address the regulatory requirements they face, we’ve adopted the Association of Banks in Singapore (ABS) standards and controls for outsource service providers (OSPAR) for financial institutions, regulated by the Monetary Authority of Singapore (MAS).
We’re one of the first managed services providers to have been awarded the ‘OSPAR attestation’ confirming that our operational capabilities stand up to the rigorous requirements from ABS.
We have more than 30 years’ experience of providing network-centric, mission-critical services for data, voice and hosting for the financial community, including banks, brokers, exchanges, investment managers, payment processors, hedge funds, financial application providers, CCPs and CSDs. That makes us one of the few partners for financial institutions to work with to capitalise on this digital era, across the entire trade life cycle.
With operations in over 180 countries supporting some of the world’s largest companies, nation states and critical national infrastructures, we have a unique perspective on cyber crime. From our 14 global security operations centres, industry accreditations and standards, our 2,500 security professionals are constantly watching, learning, predicting and responding to the latest threats to protect our customers and BT.