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What's New At TurtleBay Advisory Services

OCT 22, 2019
Leadership in Digital Transformation

Poor top-down communication and a lack of transformation leadership are significant problems that inhibit progress toward successful transformation. While internally companies have incredible talent, they are often not exposed to new methods, platforms, and methodology. The current pace of change demands that today's leaders be both well-informed and proactive.

During this exclusive event, our attendees will have the opportunity to share ideas and gain insights with industry colleagues and experts. We'll focus on the major challenges that the financial services industry faces in this era of ever-changing technology and regulation. Attendees will get a fresh perspective on emerging threats, trends, and best practices for driving overall change in an organization to positively impact day to day operations and overall outcomes.

 This Year's Agenda Includes

  •       Communication is Critical: Creating Cross Department Authority for Digital Initiatives
  •       Protecting Data During Digital Transformation
  •       Key Business Outcomes from Cloud Transformation Programs
  •       Creating a Roadmap for improving Customer Relationships, Internal Operations and Business Models
  •       Compliance Takes Center Stage
  •       Breakout session: Discover the full potential of AI / RPA / ML and analytics in the corporate finance function

Who should attend:

  • C-Suite Officers: Chief Executive Officers, Chief Technology and Compliance Officers, Chief Outsourcing Officers, Chief Information Officers, Chief Operations Officers, Chief Strategy Officers, Chief Marketing Officers, Chief Legal Counsel
  • Members of the Board of Directors
  • Heads of Technology, Legal, Performance Measurement, and Compliance Departments
  • Vice President and Directors of Operational Risk, Enterprise Risk, Governance, Outsourcing, Performance Measurement, and Vendor Management
  • Risk and Compliance Managers
  • Project Managers of Governance, Risk, and Compliance
  • Executives involved in Governance, Risk, and Compliance initiatives

Venue:The Yale Club, NYC

Insight : Why Threat Intelligence Matters for CISOs?

JUL 12, 2019

In times when threat intelligence (TI) has assumed a critical role in cybersecurity, it is essential that CISOs make the most out of this to manage security risks in their organizations effectively. When it comes to TI, the general understanding is that it can only be useful for security analysts. However, this is not true. TI can equally help CISOs in bringing out better measures for security incidents, as well as help them create a strong security posture for the company.


With so many new technologies and tools influencing the cybersecurity ecosystem, CISOs may find it overwhelming to focus on information that specifically helps them with taking key security decisions or appraising the board and other senior management of the security scenario. This is where TI can assist them to understand the overall security picture without much fuss. It presents a comprehensive view of elements such as recent threats, events or industry trends.


CISOs need to focus on the following aspects in order to benefit the most from TI.


Establishing Context

While TI (both external & internal) can furnish vast amount of information, CISOs should use it to correlate this with the security overview of their organizations. All this information can enable them to realize the external threat landscape and internal security posturing which will greatly assist in making risk-based decisions more accurately.


Moreover, internal TI cannot act as a sole measure for long-term improvement in various areas. By fusing it with external TI, advanced solutions can be devised to effectively remediate critical vulnerabilities, analyze attack vectors as well as determine which security events are actually a danger to the organization.


Benefiting from Automated Actions

CISOs can channelize resources towards automated actioning in security tools such as Firewalls, IDS/IPS, Antivirus, etc thus reducing the overall response time and more importantly switching gears from reactionary to proactive threat hunting based on predictive intelligence. The response actioning can be automated by leveraging Threat Intelligence Platforms for ingesting, enriching and updating the confidence score of the Intel. Consequently, Intel sharing with external trusted sources induces cyber resilience against threats by bringing in the element of collaboration. Ultimately, having a security solution that analyzes different stages of a threat and which makes its own decision can be very helpful in the long run.


TI platforms can also be helpful in other ways. If the dashboards featured in the platform provide a role-based vantage point, it helps in ensuring that the concerned personnel at different hierarchical echelons know the actual security position. This is more so important for the position of a CISO from where every security initiative trickles down through the organization. If CISOs invest in these platforms, they can also look at improving ROI by developing essential metrics and key performance indicators (KPI). To give an example, a KPI could be the reliability of threat intel sources. Determining which sources give accurate information on time, can go a long way in contributing to the success of the company?s security program.


Value Addition

The most important aspect of TI is its ability to bring in value for security processes followed in the organization. For example, along with expediting threat detection and response, TI can capture more details post the incident. This can make the organization more resilient to attacks.


The Strategic aspect of threat intelligence which generally covers factors such as risks and their possible outcomes is also beneficial in value addition. It can help CISOs to specifically oversee strategic concerns related to the security structure of the company.


CISOs can also leverage TI to increase situational awareness not just at the company?s SOC but also at the leadership level. For example, while security analysts and incident response teams make informed decisions from TI to counter potential threats or attacks, CISOs can use the high-level picture to inform the board about the business risks posed by cyber threats. In sectors like Finance and Banking, security is not an incentive but one of the critical product feature that a business can offer its customers.


Apart from this, TI also assists CISOs with cybersecurity decisions. How so? With every company having its own particular risk profile, CISOs can utilize TI to focus on the riskiest threats that bug the company. Based on this, they can augment their security posturing and make critical investments for optimal security solutions.


With all these advantages, CISOs can make better and quicker decisions. They can effectively manage risks that trouble the cybersecurity infrastructure, with a sharpened perspective.



Cyware Labs, May 2019


Insight : Evizone announces the launch of its new Secure Messaging platform for regulated industries

JUL 12, 2019

MONTREAL, QUEBEC- Evizone Ltd., the software and services provider offering enterprise solutions in secure communications, communications governance and regulatory compliance, is proud to announce the launch of its new Evizone Secure Messaging (ESM) platform.

ESM is a secure messaging and chat service designed to address the needs of companies in regulated industries such as Financial Services and Life Sciences. ESC balances security and privacy needs with the need for communications governance and transparency.

Users will also appreciate ESM?s upcoming federated service that will be deployed globally in order to comply with local data laws and regulations such as GDPR.


?Over the medium term, ESM will become a broader platform; integrating with content management services to address additional business requirements. These content management services will ultimately be implemented in a service known as Evizone Content Services (ECS),? said Bill Wells, Chairman of Evizone. ?But for now, ESM is the first step in a process of developing a single platform to address such business needs. We are proud of ESM?s development to date and are excited to partner with companies to fine tune its last details.?


About Evizone Ltd.

Evizone Ltd. is a revolutionary secure communications, encryption and compliance software and service provider based in Montreal, Quebec, Canada. Evizone offers innovative enterprise solutions in secure messaging (next generation beyond encrypted email) and encryption, encryption at rest, regulatory compliance, compliance archiving, WORM compliance, 17a-4 compliance, document life cycle management and communications governance and risk management. Evizone?s services protect organizations through best in class security, encryption, recipient controls, document life cycle management, discovery management, compliance management, compliance archiving, tamper proof WORM and 17a-4 compliance archiving and complete audit records against the enormous damage caused by communications breaches. Evizone?s patented technologies offer a level of security impossible to obtain with conventional or encrypted email and fast, powerful, user friendly compliance archiving. Evizone?s services are immediately available on multiple platforms and provide the strongest commercially available communications security and compliance archiving.


Insight : Analyzing The Challenges to Enterprise Mobility

JUL 12, 2019

Enterprise mobility is responsible for increasing flexibility in the workplace. But, organizations face multiple challenges during the implementation of enterprise mobility. Is there a way to solve this crisis?

Enterprise mobility has given unprecedented freedom to employees by allowing them to work from any location at any time. Due to such freedom, employees are able to overcome multiple work limitations that can keep them away from the workplace, which was not possible a decade ago. Employees can work during long travel times, sickness, special occasions like weddings, and festivals. Such work flexibility has led to the emergence of a BYOD (Bring Your Own Device) work culture. Several organizations have adopted the BYOD culture into their workplace after looking at its immense potential. 

Although organizations are benefiting from enterprise mobility, multiple challenges exist in its adoption. Challenges such as ineffective security, poor user experience, and rising hardware costs are raising concerns among employees and business leaders. Hence, organizations need to analyze these issues for developing effective solutions.

Organizations face several issues with enterprise mobility such as:

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Security is one of the primary concerns of every organization. Delivering user-friendly enterprise mobility applications along with high-end security systems is a necessity. Due to ineffective security protocols, organizations may face multiple security threats such as data breaches, malware intrusion, and ransomware attacks. Sources suggest that 41% of all data breaches are caused by stolen or lost devices. Hence, deploying secure data storage and exchange mechanisms is of utmost importance. 

Compliance of security regulations is another major task for every organization. With enterprise mobility, complying with security regulations can get even more complicated. Failing to comply with such regulations will result in hefty fines and expose the organization to several security threats. Hence, business leaders need to be constantly updated with GDPR regulations and develop security protocols that ensure compliance with security regulations.

Enterprise System Integration

Every organization requires multiple systems running in sync with each other to automate workflows. For this purpose, several enterprise systems need to be interconnected to share crucial data. Likewise, mobile devices such as smartphones and laptops should seamlessly integrate with complex business systems. Failures in integrating mobile devices with complex enterprise systems can lead to the generation of information silos. Information silos are created when crucial information is available only on a single device and not shared with the organization?s network. For instance, an employee who occasionally works from home and fails to share important files after moving to another organization will generate an information silo. Therefore, organizations need advanced applications that interact with multiple complex business systems to streamline data processing and workflows across several parts of the network.

App Development

The development of fully functional apps can be a complicated task. Developers have to implement a long process of coding, compiling, testing, reviewing feedback, and squashing out bugs for developing high-end business apps. Also, developers have to create different apps for multiple operating systems like Android and iOS. Business leaders need to be informed about all these technicalities and necessary costs before delegating app development tasks. Developers and business leaders also need to consider the increasing number of mobile apps on every device. An average smartphone user has more than eighty apps on their phone. Such apps have permissions to access users? camera, location, network information, contacts, and messages. A combination of such app permissions can be utilized by cybercriminals to gain unauthorized access to an organization?s network. Therefore, business leaders must be mindful of these security loopholes.

User Experience

Enterprise mobility systems need to offer end-to-end user experience to drive user adoption. The core task of any enterprise mobility system is allowing employees to perform their work and access their work files from anywhere. To deliver a high-end user experience, business leaders have to decide whether they will repurpose existing apps or create new apps that can integrate with business systems. Also, existing business systems should be updated to be compatible with enterprise mobility apps.

Overcoming the Challenges

Organizations need to develop a well-thought strategy by collaborating with several professionals like cybersecurity experts and IT professionals to overcome challenges associated with enterprise mobility. In the strategy, organizations must consider the following measures:

Employ Advanced Security Protocols

Business leaders have to hire skilled cybersecurity professionals that can collaborate with developers to ensure effective security standards. For starters, organizations must encrypt all their data using a cryptographic hash. Every file's digital signature will be verified by the system to ensure the integrity of the data. In case an intruder gains unauthorized access to a file, then the digital signature of that file will be altered and the system will notify concerned parties about the malicious activity. 

Organizations must incorporate an authentication mechanism for restricting access to sensitive data. For this purpose, organizations can implement multi-factor authentication of all users on the network. Also, organizations can deploy blockchain-based cybersecurity solutions such as digital identification systems to streamline the authentication process. For instance, if an employee wants to access confidential data, the digital identification system will verify employee credentials and grant access only if the employee has access privileges for such data. Furthermore, organizations can also adopt an AI-powered authentication mechanism that alters access privileges based on employee's location and network.

Implement Cloud-Based System Integration

Any organization that has adopted enterprise mobility requires a cloud mediation layer for implementing seamless data exchange across various business software and apps. A cloud mediation layer enables various apps to interact with a centralized cloud. This software layer allows developers to build apps for multiple platforms such as Android and iOS that can function online as well as offline. Such cloud-based system integration can also reduce network latency by caching and queuing crucial data. 

To restrict data access in enterprise system integration, business leaders have to segregate internal and external APIs for mobile apps. Generally, external APIs are accessible to users and internal APIs are accessible to different business apps and systems.

  • External APIs are also known as ?Experience? APIs as they are crucial for delivering convenient user experience. For instance, an employee can utilize a ?tasks? app that is integrated with the other enterprise apps to track the progress of ongoing tasks and projects. Such external APIs also enable the development of SaaS applications.
  • Internal or ?System? APIs generally access legacy systems and apps. Such APIs are sensitive and cannot be exposed to end-users.

Improve App Development

Business leaders have to decide between hiring an in-house team of developers or outsourcing app development tasks altogether based on their budget. After selecting the approach, developers can build native apps for various platforms. Native apps are more intuitive and feature-rich compared to web apps and hybrid apps. 

Another crucial aspect of app development is user interface design. Business leaders should promote the development of clean and consistent UI for enterprise mobility apps. Visually appealing layout, consistent icons, and effortless navigation are essential for creating a user-friendly app. Developers can also offer employee-centric customization to deliver a personalized user experience. Also, app developers can incorporate notifications for messages, reminders, and other important information. Furthermore, developers have to provide frequent over-the-air updates for eliminating bugs and fixing security loopholes. Altogether, an end-to-end enterprise mobility app will help deliver a great user experience. 

With the advent of zero-code platforms, business leaders can develop their own sophisticated business apps without any technical knowledge. Zero-code platforms hide technical aspects behind a simple UI with drop-down menus. Such platforms can democratize the development of enterprise mobility apps and deliver a personalized experience for employees.