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Creating Trust in Creating Trust in the Global the Global EconomyEconomy
Cyber Security and Global Affairs WorkshopSaint Peters College, Oxford University
August 6, 2009Bob West, CEO, Echelon One
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AgendaThe MilieuThe MilieuObject LessonObject LessonThe ConceptThe ConceptThe Way ForwardThe Way ForwardThe PlanThe PlanBenefitsBenefitsThank You!Thank You!
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The Milieu
Business success depends on trust
Lack of trust has bred market failures
Trust and integrity must be restored
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Object LessonData breach led to client names being stolen and Data breach led to client names being stolen and then sold to German government then sold to German government
International client names and assets were exposed International client names and assets were exposed and placed at risk and placed at risk
Direct result - numerous arrests for tax evasion and Direct result - numerous arrests for tax evasion and recovery of unpaid taxes recovery of unpaid taxes
Indirect result - Swiss banking practices are no Indirect result - Swiss banking practices are no longer trusted as before longer trusted as before
Lessons learned – Incentives work! Protecting critical Lessons learned – Incentives work! Protecting critical infrastructure is not an option but an imperative! infrastructure is not an option but an imperative!
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The Concept
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The Way ForwardA market solution will INCENT organizations to change their behavior:
Early adopters drive regulation to market participationReduces losses due to internal fraud and data breachesReliable, accurate and current information = efficient market decisionsTechnology resiliency=economic resiliency
… … Companies make more moneyCompanies make more money
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The Plan Lead ISO 27000 standards adoptionLead ISO 27000 standards adoption
Public education campaign for variety of Public education campaign for variety of stakeholdersstakeholders
Implementation of National Infrastructure Implementation of National Infrastructure Protection PlanProtection Plan
Create integrity model and implement testbed Create integrity model and implement testbed
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Benefits
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Thank You!“Set your expectations high, find men and women whose
integrity and values you respect, get their agreement on a course of action and give them your ultimate trust.”
John Akers
Contact Information:
Bob West: 513.328.7430
