Cybersecurity Exec Speaks to Obama’s Silicon Valley Trip for Collaboration

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White House Cybersecurity Initiative Holds Both Promises and Challenges Says TraceSecurity CEO

TraceSecurity I Information Security and Compliance Management

www.tracesecurity.com

Let's look at this decision like we do our information security risk and ask: does the ability to identify new cybersecurity threats more quickly outweigh the risk to consumer and company privacy?

“President Obama’s new proposal for security information sharing between private companies and Federal security agencies may address the need for tighter coordination in the fight against cybersecurity breaches, but it could also introduce greater complexity in how we manage information security and compliance processes,” said Peter Stewart, CEO and President of TraceSecurity, a leading provider of cloud-based information security and risk management solutions.

“Proper security program management already shares information across multiple functions and departments within an organization, and the addition of an outside stakeholder will require significant rethinking of current best practices. Additionally, the creation of information sharing and analysis organizations (ISAOs) may also require organizations to rethink their current practices and processes. Collaboration can certainly help identify new threats more quickly and reduce breaches through a bidirectional information exchange. The most up-to-date information would be in the hands of experts at all levels: state, local, federal and private industry. But, we must also assess the risks of accidental disclosure of private consumer or corporate information as well as the time delay to scrub sensitive data. Let’s look at this decision like we do our information security risk and ask: does the ability to identify new cybersecurity threats more quickly outweigh the risk to consumer and company privacy?”

The US government, as one of the largest technology customers in the world, can have a huge impact on all areas of the information technology market, including cybersecurity, and investments by the US government in technology have paid huge returns on investment for the broader US economy states “Brief: Work with the US Government on Cybersecurity Innovation” report published by Forrester Research, Inc., August 27, 2014. The report continues to say that any cybersecurity breakthroughs championed by the US government will have enormous potential to fight cybercrime and protect private business and citizens alike.

Peter Stewart is a seasoned and visionary software veteran with more than 25 years of entrepreneurial and senior leadership experience in technology organizations. Peter has demonstrated that he can recognize the potential for disruptive technologies years ahead of the market – case in point is his pioneering work in security software that delivered the first cloud-solution for IT governance, risk and compliance (GRC) management, TraceCSO.

To speak with Mr. Stewart directly, please contact Ashley Swanson at 407.529.5274 or ashleys(at)tracesecurity.com.

About TraceSecurity
TraceSecurity, a leader in cloud-based security solutions, provides IT governance, risk and compliance (GRC) management solutions. The company’s cloud-based services help organizations achieve, maintain and demonstrate security compliance while significantly improving their security posture. Having served more than 2,000 customers, TraceSecurity supports the security and risk management efforts of organizations in financial services, healthcare, high-tech, insurance, government, education and other regulated sectors. Founded in 2004, the company has executive offices in Silicon Valley and offices in Baton Rouge, La. For more information, call (225) 612-2121 or visit http://www.tracesecurity.com.

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Ashley Swanson
@TraceSecurity
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