As leaders, the rise of digitization and the cyber risk it presents feels like old news. We’re so inundated with cyber breach stories that we’re almost numb to them. We’re hyper-focused on the bottom line and the digital scale we need to achieve it. Yet it’s become apparent that our digital scale is creating sweeping critical trust concerns at the enterprise level.
As we work toward becoming digital businesses – a pace that’s quickly accelerating due to COVID-19 – we’re connecting record numbers of devices and applications, sharing and passing information across the Internet like never before. Research firm Frost & Sullivan forecasts that a staggering 50 billion connected devices will exist by next year. Often the information being passed from those devices is critical to our business and sometimes life-impacting – as in the case with medical devices. The number of digital certificates and keys protecting our connections are growing too, and with it the complexity of managing them – increasing our risk of security breaches, systems outages and failed audits.
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