06.05.2015 17:30-18:30

European Identity & Cloud Conference 2015
Combined Session


Understanding and Dealing with Macro-Level Risks that Affect your Institution’s Risk Profile

The phrase “think globally, act locally” was initially invoked as a rallying cry of the environmental movement in an effort to help people connect their individual actions to global challenges, and increase their sense of efficacy to effect change by acting in concert to carry shared narratives of environmental risk mitigation into effect.

The concept of “think globally, act locally” has new meaning in the context of business organization risk from IoT, the cloud and other networked information system functions. The local instances of information functions on which businesses increasingly rely are part of data and identity “supply chains” that are hybrids of technology and policy that are themselves increasingly part of vast global networks where individual businesses often perceive a loss of leverage and control and increased risk. In effect, federated and cloud based data and identity functions are enabling these functions to be outsourced, like shipping, payroll, accounting and other company functions that have previously been outsourced to global networks.

There are myriad publicly and privately led initiatives (and many that are hybrids of public and private efforts), through which stakeholders from multiple organizations can work together to design, develop and deploy shared strategies where hybrids of technology and policy offer local solutions to new information and interaction challenges, increasing the sense of control from the cohesion of organizations acting in concert to carry their shared narratives of interaction risk mitigation into effect.

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