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Prof Howard A.Schmidt at ISF Global Conference: Don’t let the credit crunch comporise security warns

November 2008 by Prof. Howard A. Schmidt

Prof. Howard A. Schmidt, president of the Information Security Forum (ISF), who has been special advisor for cyberspace security to the White House and held senior security roles at eBay and Microsoft, has urged organizations to strengthen security rather than reduce it in today’s uncertain financial environment.

"We need to be more vigilant than ever to avoid exposure to increased exploitation," said Howard A. Schmidt in his address to 500 senior information risk and security professionals from the world’s leading companies and organizations at the Information Security Forum (ISF) 19th Annual World Congress in Barcelona this week. "Cybercrime is on the rise and profit-driven attacks are replacing random individual hacker attacks targeted at critical, core business applications and data repositories that underpin global business and commerce," said Schmidt: "Information security can only be solved through a combination of technology, business processes, education and training and greater involvement of qualified information security professionals in business strategy and planning."

The ISF Annual Congress is recognized as the world’s leading information security conference and provides a unique confidential environment to harness expert knowledge and learn from valuable practical experience in order to face growing global information security threats and challenges.

The Congress was opened by John Maule, Professor of Human Decision Making at Leeds University Business School, addressing the issue of how faulty thinking leads people to misperceive information security threats. Other keynote speakers include Mark Hughes, Director of BT Group Security on ’securing the supply chain in the global economy’; Marcus Robinson a Partner at PwC and Mary Aiston, Director of Governance and Security at HMRC on ’the challenges in providing assurance’; and Professor Enrique Dans from IE Business School talking about ’the real risk of lagging behind’.

Along with the main room sessions during the conference there are almost 50 break-out sessions across 10 different streams from compliance, security awareness and convergence to security tools and techniques and risk management.

"In addition to the growing number of sophisticated threats, increasing compliance demands from corporate governance and legislation are putting more pressure on senior business and information security managers," says Howard A. Schmidt. "It is important that the pressure for compliance does not divert attention and investment away from solving some of the real practical risks."

Attendance at the Annual Congress is exclusive to ISF Members and is one of the benefits of ISF membership. The ISF is a not-for-profit, association of some 300 leading international companies and organizations, which fund and co-operate in the development of practical, business driven solutions to information security and risk management problems. The ISF undertakes leading-edge research and has invested more than US$100 million to create a library of over 200 authoritative reports along with information risk methodologies and tools that are available free of charge to Members.


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