As organizations continue their digital transformation journey, they need to be able to trust that their digital assets are secure. That’s not easy in today’s environment, as the numbers and sophistication of cyberattacks increase and organizations face challenges from remote work and insider behavior. Digital trust can make your organization’s digital transformation stronger. A lack of digital trust can do irreparable harm.
However, according to ISACA’s State of Digital Trust 2023 report, too many organizations struggle to define and implement digital trust. This crucial shortfall can create gaps in security across a number of strategic areas.
What is digital trust?
Companies have relied on trust to build business for centuries. Who hasn’t experienced an agreement based on nothing more than a handshake, trusting that someone’s word was enough? And as more business and personal transactions now happen digitally, those in-person handshakes have moved online. Now consumers depend on more than a company’s word or reputation: They expect a company’s networks and systems will keep personal data safe and secure. That expectation is the basis of digital trust.
But when that digital trust is broken, the consequences are dire. Because data breaches and ransomware attacks have a wide-reaching impact, all stakeholders need to know that their digital relationships with a business are reliable.
“The tolerance for any breach of digital trust is near zero,” Greg Witte, Senior Security Engineer at Huntington Ingalls Industries, wrote in the ebook, Your Top Digital Trust Questions Answered.
This lack of tolerance for the breakdown of digital trust is why 76% of ..
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