Failing to Protect: A better global governance framework would be a significant step toward addressing the threats posed by new technologies, according to a report by Zurich Insurance Group and the Esade Center for Global Economy and Geopolitics. While new technologies will change the nature of Internet security, the report said the current state of regulation and the governance regimes in place globally are inadequate to secure the world’s cyber infrastructure.
“At one end of the spectrum, where governance deals mainly with technical issues and relies on a multi-stakeholder model, governance is effective,” the report said. “At the other end of the spectrum, which includes the realm of threats like cyber warfare and state-sponsored sabotage, effective global governance is completely lacking. Between these two extremes is a ‘gray zone’ where interests of industry, governments and individuals, global governance models and organizational cultures coincide. This middle zone offers a promising place to start to work to encourage effective international efforts.”
Investing in Sunshine: A survey of 500 senior executives who control foreign direct investment at their companies found 22% of respondents saying transparency of government regulations and the lack of corruption is one of the biggest factors when considering where to invest. The efficiency of legal and regulatory processes was cited by 20% of survey participants.
Paying a Price: A survey by electronic payment software company ACI Worldwide and consulting firm Ovum of 1,119 executives who make decisions about their company’s payments systems found 52% of respondents said security risks prevent innovation in payment systems.
Family Business: A survey of the top 25 family-owned businesses in the top 21 global markets by Ernst & Young and Kennesaw State University found 90% have a functioning board of directors—and half of those have only family members on their boards, while 28% have an equal or greater number of non-family voting members.
Details Details: A report from the Information Systems Audit and Control Association (Isaca), an organization providing information and services to IT governance professionals, analyzes two cybersecurity bills that passed the U.S. House of Representatives.
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