Name: Why Secured Third Party Collaboration Is The Future of Banking
Start: 2022-01-25T16:00:00Z
End: 2022-01-25T16:00:18.000Z
Location: BrightTALK
Rating: 0

50% of the organizations have experienced a data breach caused by third parties that led to the misuse of sensitive or confidential information (Ponemon)

65% have not even identified the third parties with access to the most sensitive data (SecurityMagazine)

24% of enterprises experienced a data breach because of a cyberattack incurred by a supplier (Kaspersky)

These statistics prove, once again, that the weakest link in the chain is the extended value chain around the enterprise.

Critical data like Intellectual Property (IP), PII, audit, and financial data are the crown jewels of an organization and are most susceptible to a data breach. Enterprise security teams lack control and visibility into the level of access to sensitive information for external users.

So, how do you ensure that your sensitive data stays protected throughout the third-party collaboration cycle and beyond?

Join this Summit to learn more about:
• Current challenges when it comes to sharing data externally with third parties
• Why data security is critical for external collaboration
• How enterprises are strengthening their security postures across Cloud and third-party systems

As organizations are increasingly collaborating with partners, there is a significant increase of sensitive information residing outside of said organization. Over time, these data repositories start building up and pose a substantial third-party risk for the organization. Organizations deriving strategic benefits from outsourcing work need to find a way to protect their sensitive information before it reaches the third party.
 
56% of organizations lack seriousness when it comes to third-party vendors & 65% of organizations have not identified the third parties with access to the most sensitive data.

Some of the challenges of outsourcing include non-disclosure agreements which can only be enforced when a breach occurs, the difficulty in proving the theft or misuse of data and the accidental misuse of sensitive data. 

Seclore ensures that organizations can automatically attach persistent granular usage controls to emails and documents. With Seclore, organizations can safely grant external vendors restricted access to documents containing sensitive information, while retaining the ability to revoke access to the sensitive information after the project is complete.

Join this session to learn:
- Why DLP, Classification & Encryption aren't the solution to securing third party collaboration
- Why you need visibility over how third parties use, store and destroy shared information
- How Seclore can enable your organization to safely open the cloud to third parties
- Why Seclore is the best option for securing your organization's sensitive data

This unmissable, extended session includes a keynote from Todd Fennell, Vice President Information Security, American Express, covering why secure external collaboration using cloud is the future of banking, customer case studies exploring how enterprises like Rapid Care Group are strengthening their security postures by using Seclore and a peek into Seclore's product roadmap with Seclore CTO, Abhijit Tannu and much more.

Secured 3rd party collaboration…Why is it the need of the hour?

Many enterprises are spending considerable time and money on traditional perimeter-centric security, like securing infrastructure (devices and networks), but with the average cost of a breach in the United States being $9.05M US and $6.93M US in the Middle East, the time the time to look beyond traditional perimeter centric security is now.  Modern enterprises are choosing to shift their security investment to focus on data security, classification and the prevention of data leakage.
Join this session to hear how one of the largest sovereign wealth funds in the world  shifted away from traditional security approaches and secured their data.

Key takeaways will include:
● How to assess & understand the impact of data being exposed
● How to get end-users invested in the move to data classification and rights management
● How to adjust to rapidly-changing government regulations

Why Modern Enterprises Are Choosing To Focus On Data Security

While all organizations need to turn their thoughts to data security to adjust to the increase in data breaches, the need is even more pressing for those in highly regulated industries like healthcare, financial services and energy, who must juggle the need to collaborate with increasing regulations. It’s evident that for enterprises in some highly regulated industries, data breaches can be more costly than for those outside, with IBM finding in their 2021 Cost of a Data Breach report that the three industries with the highest costs of a breach are all highly regulated: Healthcare, Financial and Pharmaceuticals.
Hear from IT leaders across a range of industries, including healthcare, aerospace engineering, defense technology and materials engineering about how they navigate the regulatory landscape while enabling secure third-party collaboration.

Join this session to learn:
● How to manage regulations across multiple geographies and how rights management software like Seclore can make this easier
● Balancing secure communications across suppliers, clients and partners
● Building digital rights management into your systems as a native experience

This session is presented by Rob Oden (Senior Manager Data Protection and Investigations), L3 Harris Technologies, Monil Naicker (Director of Identity and Access Management), Applied Materials, Evgeniy Kharam  (VP, Solution Architecture), Herjavec Group & Vishal Gauri (President – Americas), Seclore.

Why Highly Regulated Industries Need Secured Third Party Collaborations

With data breaches on the rise, organizations are having to rapidly adapt and reconsider the way they share data with third parties. 44% of organizations have experienced a breach within the last 12 months, with 74% saying it was the result of giving too much privileged access to third-parties (Ponemon). Working with third parties is almost unavoidable, yet 51% of respondents to the Ponemon survey say their organizations are not assessing the security and privacy practices of all third-parties before granting them access to sensitive and confidential information. 

Join this session to hear from security leaders across a range of industries, including healthcare, food processing and fintech, as they discuss how they have secured their third party access and collaboration.

Key takeaways from this session include:
● Why organizations across all industries need to secure their third party data
● Why organizations need to classify data and implement controls to protect it, including storage, archiving and destruction
● Why any data security solution needs to be easy for end users to use and adapt to 

This session is presented by Bryan Kiss (CFO / CCO), Kettle Hill, Liz Wagoner (Director, Data Protection), ADM, Lucky Effendi (Director, Information Technology), Eugenus, Eddie Galang (CISO), Port of Long Beach, Varundeep Kaur (CIO), Spice Money & Marcel Vieyra (CTO), Rapid Care Group.

Why Enterprises Are Shifting To Data-Centric Security To Safeguard Remote Access

While all organizations need to turn their thoughts to data security to adjust to the increase in data breaches, the need is even more pressing for those in highly regulated industries like healthcare, financial services and energy, who must juggle the need to collaborate with increasing regulations. It’s evident that for enterprises in some highly regulated industries, data breaches can be more costly than for those outside, with IBM finding in their 2021 Cost of a Data Breach report that the three industries with the highest costs of a breach are all highly regulated: Healthcare, Financial and Pharmaceuticals.

Hear from IT leaders across a range of industries, including healthcare, aerospace engineering, defense technology and materials engineering about how they navigate the regulatory landscape while enabling secure third-party collaboration.

Join this session to learn:
● How to manage regulations across multiple geographies and how rights management software like Seclore can make this easier
● Balancing secure communications across suppliers, clients and partners
● Building digital rights management into your systems as a native experience

This session is presented by Rob Oden (Senior Manager Data Protection and Investigations), L3 Harris Technologies, Monil Naicker (Director of Identity and Access Management), Applied Materials, Evgeniy Kharam  (VP, Solution Architecture), Herjavec Group & Vishal Gauri (President – Americas), Seclore.

One of the greatest challenges we face collectively is how to share information securely with other parties, whether those parties are partners or customers, particularly in the new “work from anywhere” environment. Organizations deriving strategic benefits from outsourcing work need to find a way to protect their sensitive information before it reaches the third party. In their 2021 Cost of a Data Breach report, IBM found that remote working and digital transformation due to the COVID-19 pandemic increased the average total cost of a data breach by 24.2%. So how can enterprises, particularly those in the banking and financial services industries, protect themselves from such breaches?

Join Todd Fennell, Vice President Information Security, American Express, to learn how Secure Third Party Collaboration is changing the face of the banking industry.

Key takeaways from this session include: 
● Why businesses must ensure that data is secure on devices and in-transit in a work from anywhere environment
● The need for balance between information security needs and the capabilities of the business
● How to ensure that data is properly identified & classified

Why Secured Third Party Collaboration Is The Future of Banking

Day 2 at SecurityNow focusses on some crystal gazing. A panel of industry experts discuss what secure third party collaboration looks like for highly regulated industries. This is followed by a fireside chat with Hamed from PIF, the largest sovereign wealth fund in the world. Security entrepreneurs then discuss how security investments for enterprises are moving away from network and devices to the real asset i.e. data. If you want to be future ready, you don’t want to miss this session.

Stay in Control - Secure 3rd Party collaboration for the growing business

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Why Secured Third Party Collaboration Is The Future of Banking

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