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MetricStream

Making GRC SimpleDisruptive Technology:

The Impact on Public PolicyFrench Caldwell

Chief Evangelist @iTGuru

Making GRC Simple © 2016 MetricStream, Inc. | All Rights Reserved

UBER


Photo: New York Times


https://www.change.org/search?q=bank

https://www.change.org/search?q=bank


Disruptive Technology


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800.

1,000.

1,200.

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2009 2010 2011 2012 2013 2014

Personal Computers

Smartphones

VALUE NETWORK


A disruptive technology is one that changes the performance expectations for competition and is characterized by the convergence of two or more existing technologies, which in turn enables a new business model that makes redundant the large legacy investments of displaced competitors.

Disruptive Technology Definition


Implications for Fintech

Cyber Security


Innovation, Disruption — What Is It That You Really Want to Do?

S-1 Holland and Russian battleship Retvizan entering the New York Navy Yard dry dock

http://pigboats.com/subs/holland.html

Differentiation is driven by how much more effective you are at managing the risks

Integrate cyber security into enterprise risk management


Be ready for social storms

IssueEngagement

InfluencersInfluencers’ Networks

Images picked up by traditional news media

Stories published and broadcast

News stories shared byinfluencers and their networks

Social Amplification

Emergency Response

Issue Visibility

Trigger Event

Public expectations for corporate behavior are

higher than ever

Be able to respond to social storms


Extended Systems of trust

Information is mobile and not under your control

Build systems of trust with your

partners and customers


Collusion

The criminals don’t care about anti-

trust and privacy rules

Threat intelligence sharing

systems are not optional


Fintech is about disruptive innovation• With disruptive technology, differentiation is driven by how much

more effective you are at managing the risks

Integrate cyber security into enterprise risk management

• Public expectations for corporate behavior are higher than ever

Be able to respond to social storms

• Information is mobile and not under your control

Build systems of trust with your partners and customers

• The criminals don’t care about anti-trust and privacy rules

Threat intelligence sharing systems are not optional

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