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Internet Economy Summit -- 3 Key Takeaways on How IT Compliance Can Boost Cybersecurity by TUV Rheinland

2019-04-30 16:36 869

HONG KONG, April 30, 2019 /PRNewswire/ -- The fourth Internet Economy Summit (IES) attracted around 3,000 participants from industry players, entrepreneurs, and investors over two days in Hong Kong, April 15 and 16, to explore the potential of innovative technologies and the latest developments in the digital economy. Stefan Eigler, Practice Leader Mastering Risk & Compliance, TUV Rheinland i-sec GmbH, was invited to present at the Cybersecurity Forum on the afternoon of April 16. The title of his talk was "How IT Compliance Can Boost Your Cybersecurity".

Stefan Eigler, Practice Leader Mastering Risk & Compliance, TUV Rheinland i-sec GmbH
Stefan Eigler, Practice Leader Mastering Risk & Compliance, TUV Rheinland i-sec GmbH

Today, the biggest threat is the unauthorized access to data, which is used in a way that poses a risk to privacy and security. Once data is generated, anyone who possesses enough of it and combines it with the power of machine-learning techniques can be a threat, posing new dangers to both privacy and security. In May 2018, the European Union's General Data Protection Regulation (GDPR), the world's most stringent privacy law, came into effect. By the end of 2018, even the CEOs of Apple and Microsoft were calling for new national privacy standards in the United States.

"IT compliance is to be seen in the context of IT governance," said Stefan, "which extends the topic to the areas of controlling business processes and management. Given the example of the EU General Data Protection Regulation ('GDPR'), that also affects outside EU companies by its marketplace principle, legal requirements could become a market entry gate, regulating enterprises' handling of personal data from all over the world." According to his experience, some decision-makers often use the wrong investment model to help them determine how much investment in Cybersecurity and IT Compliance is necessary. He recommends that companies can also consider the rationality of such investments from the perspective of added value of High Quality and Customer Trust.

In a fast-moving, hyper-connected world, the approach taken needs to be dynamic rather than static. Defending against cyber-attacks is now a permanent requirement in senior executives' job descriptions. It's no longer enough to leave cybersecurity to annual reviews or a lone CISO. Senior executives must understand what procedures are in place, and ensure that everyone in the organization understands protocols and assume accountability.

Stefan Eigler, Practice Leader Mastering Risk & Compliance, TUV Rheinland i-sec GmbH
Stefan Eigler, Practice Leader Mastering Risk & Compliance, TUV Rheinland i-sec GmbH

TUV Rheinland is a leading Digital Transformation & Cybersecurity player operating globally. We help you successfully master risk and compliance, from Information Security Management Systems (ISMS), business continuity management (BCM), and data protection to IT governance and risk and compliance management. Concentrate on your core business and benefit from the extensive experience and in-depth knowledge of our experts.

TÜV Rheinland (Greater China) Digital Transformation & Cybersecurity business contacts

Beijing: Na Yuan (Senior Sales Manager) + 86 10, 8524, 2166
Shanghai: Sean Li (Senior Consultant) + 86 21 6108 1188
Guangzhou: Ivan Deng (Senior Consultant) + 20 2839 1354 86
Shenzhen: Qin Li (Senior Consultant) + 86 755 8268 1218
Taiwan: Alex C.Y. Chen (Senior Consultant) + 886 2 2172 1141
Hong Kong: Roberto Leung (Location sales manager) + 852 2192 1952

Photo - https://photos.prnasia.com/prnh/20190430/2451037-1-a
Photo - https://photos.prnasia.com/prnh/20190430/2451037-1-b

Source: TUV Rheinland
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