Attending the RSA Conference can be an exciting time – whether you’re there representing your company or participating in the educational sessions. Just walking around the Moscone Center during RSAC 2023 provided insight into the latest trends and challenges in the risk and compliance industry.
One of the most striking takeaways from the conference was the complexity and challenges involved in risk and compliance management faced by modern organizations.
Equally as clear was how hard the industry – from experts to practitioners – is working to overcome these hurdles. While RSAC 2023 was brimming with ideas and solutions, below are my top 6 trends to watch this year.
RSAC 2023 Trend #1. Automation
With the numerous inputs that organizations need to keep up with, there is a growing need for automation to ensure that nothing falls through the cracks.
RSAC 2023 Trend #2. Collaboration
While it was clear that automation is crucial, automation alone is not enough to get a clear picture of risk to the organization or to keep up with mounting compliance demands. It’s equally important to break down organizational silos and increase collaboration between different departments so that unseen risks can be surfaced and be converted into a business advantage.
At the conference, I had the pleasure of catching up with many old colleagues and friends, and it was heartening to see the spirit of collaboration that largely permeates the cybersecurity community. So many who were just individual contributors a job or two ago have gone on to found or run companies that are solving really hard problems.
One of the most insightful presentations at the RSA Conference 2023 comes from one such former colleague, Michael Hanley, who is currently the Chief Security Officer at GitHub. Mike’s speech on securing the world’s open source together blew my mind and shared so much wonderful information. Hanley emphasized the importance of collaboration and shared responsibility when it comes to securing open-source software.
This is an excellent example of how collaboration must be applied to risk management – and cybersecurity as a whole – if we are going to tackle the tough problems facing our industry.
RSAC 2023 Trend #3. Customization
It’s worth noting that while collaboration is a critical component of risk management, it is only part of the solution. Risk management is not a one-size-fits-all solution, and every organization faces unique challenges that require a tailored approach.
This tailored approach is nearly impossible if critical parts of the organization operate in silos.
This is where the solution we’ve developed at RiskOptics, the ROAR Platform, can be invaluable. It’s designed to help organizations gain visibility into their risks, automate compliance tasks and collaborate effectively across departments to manage risk.
RSAC 2023 Trend #4. Continuous Risk Assessment
In addition to breaking down silos and promoting collaboration, another key takeaway from RSA Conference 2023 is the importance of risk assessments.
A comprehensive risk assessment is critical for understanding an organization’s risk profile and identifying potential vulnerabilities that may be exploited by cybercriminals.
It’s clear that organizations are struggling to keep up with the ever-expanding, rapidly changing threat landscape – and ROAR can help. The platform provides a user-friendly and intuitive interface that allows organizations to conduct risk assessments efficiently and accurately. It dynamically updates your risk posture in real-time based on supporting activities like security control assessments and automated compliance checks.
RSAC 2023 Trend #5. Predictive Analytics
Another significant trend in risk management is the use of predictive analytics. With the increasing amount of data being generated by organizations, it’s becoming increasingly challenging to make sense of it all.
Predictive analytics can help organizations identify potential risks before they become actual threats, allowing them to take proactive measures to mitigate them.
RSAC 2023 Trend #6. Strategic Compliance
Finally, compliance is a critical component of risk management. Failure to comply with industry regulations and standards can result in severe consequences, including hefty fines and damage to an organization’s reputation.
However, manual compliance activities like evidence collection can be time-consuming, preventing your team from focusing on strategic initiatives to stay ahead of risks and regulations.
And this is yet another obstacle ROAR can help you overcome. The platform includes a robust compliance module that keeps you on top of regulatory changes and ensures you remain in compliance at all times. It accelerates routine compliance tasks, so your key security personnel can spend more time planning effective risk mitigation and response measures.
Stay Ahead of the Curve with ROAR
The RSA Conference 2023 highlighted the complexity and challenges involved in risk and compliance management in today’s world. It was clear that while automation and collaboration are critical components of effective risk management, they cannot stand on their own.
Organizations need a tailored approach to managing risk effectively – one I’m proud to play a part in delivering with the ROAR Platform.
Discover how ROAR can help your company stay ahead of the risk and compliance curve. Schedule your free demo.
