In a world of rapid change from disruptive technology, the accelerating digitization of organizations has the potential to lead to the emergence of entirely new business models. Organizations augmenting their products and services digitally and exploring the potential of the latest technologies including AI, may well be best placed to remain resilient in the long term.
However, new services and processes bring their own risks to security, making digital trust more critical than ever.
Currently, digital trust as a concept has more recognition than digital trust as a term, according to the latest ISACA survey. So, what is the definition of Digital Trust?
Digital trust is the confidence users have in the ability of people, technology and processes to create a secure digital world. It is given to companies who have shown their users they can provide safety, privacy, security, reliability, and data ethics with their online programs or devices.
Best practice standards help organizations to implement a cybersecurity framework to protect their information – and their business. With them, organizations simplify the risks associated with information management, implement the relevant safeguards to protect that data, and then ensure that these are continuously monitored. Proactive detection and identification play a key role in cybersecurity so that potential threats can be identified early, and appropriate actions taken.
Current trends and emerging threats in the cyber-verse – and how these can be addressed and capitalized on – will be discussed during our next webinar with BSI titled “Building Digital Trust: Challenges and opportunities from Antivirus to AI”, on Tuesday, 7th November 2023 at 2.30 pm.
Together we will explore how a standards-based approach can help organizations manage risks and build trust.
Best practice frameworks provide a consistent approach throughout an organization and a structure to inform improvements. They can also help organizations conform to the relevant regulations and guidelines ensuring a robust cybersecurity strategy that evolves with changing business models.
By adopting guidelines and minimizing business disruption, organizations could see improvements in efficiency and productivity, and ultimately protect, and even grow, their bottom line: recent research indicates that organizations that are best positioned to build digital trust are also more likely than others to see annual growth rates of at least 10 percent on their top and bottom lines.
In conclusion, adhering to best practice guidance and achieving independent certification to standards has the potential to give organizations a competitive advantage, by making clear to customers and stakeholders that information is managed safely and securely- the foundations of Digital Trust.
At BSI we help organizations to achieve a state of enhanced and sustainable Digital Trust.
We’ve been at the heart of driving best practices for more than 120 years and we have been involved in the development of ISO/IEC 27001, the most widely adopted international standard for information security, since its inception.
Want to know where your organization stands against the key requirements of the standard? Discover our self-assessment here.