Global Trust and Transformation

By: Peter Ford – EVP Head of Information Solutions, iconectiv In the predigital era, trust was somewhat simple. Trust was built upon traditional values like reliability, credibility, and security, which were somewhat inherent in our daily lives. A firm handshake and a look into the eyes may have been all that was needed to establish trust at the time. Today, however, our digital world extends far beyond our physical presence — spanning countries and continents in a web of global connections. The nature of trust may be different, and certainly more difficult to establish, but it’s no less important. In fact, trust has become integral and critical for the sustainable success of any business in today’s hyperconnected world. The stakes today are high, and the risk associated with security breaches can cost billions of dollars and destroy global brands. Year-over-year data shows 40 percent more individuals were affected by data breaches in 2022 than in 2021—with breaches hitting more than 422 million people. Consider the public brand damage and loss of consumer trust that follows global breaches like Rackspace’s , along with cybersecurity attacks over the last year on News Corp, Apple, Meta, Twitter, and many more. Further, the […]

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