Page 3 - Security Today, November/December 2021

An interview with Dustin Radtke, OnSolve’s Chief Technology Officer, on Achieving Operational Resilience in 2022:
Achieving Operational Resilience in 2022
What does the risk landscape look like in 2022?
Dustin Radtke: Without question,
the risk landscape is becoming more complex and multifaceted than ever before. According to the NOAA, as of October 9th, 2021 there have been 18 severe weather and climate events this year with losses exceeding $1 billion each in the United States, and as of October 19th, the National Interagency Fire Center reported a total of 47,602 wildfires across the US burning almost 6.5 million acres.
Between events like the Colonial Pipeline hack and domestic terrorism, the potential for crisis does not just stop at weather — and organizations are not prepared to handle these dynamic threats.
A recent study we commissioned
with independent consulting firm, Forrester, of 468 senior risk leaders found that only 38 percent of respondents say their current risk management strategies are effectively measured or optimized today.
Despite the ever-increasing number, and complexity, of crises, about the same number of leaders (38%) cite “becoming more proactive” as a key critical event management goal today.
How can security leaders get
ahead of risk complexity?
Radtke: Responding to events as quickly as possible is essential to operational agility and organizational
resilience. In a time of uncertainty, business leaders need better,
more relevant data to achieve operational resilience. Gathering
data of global threats isn’t helpful unless organizations understand
how that risk data impacts their people places, or property. Take the current supply chain shortages, for example. Organizations are feeling the impact now of how external risks, such as a labor shortage, political unrest, or a power crunch, impacts their production by way of the impact of their third-party suppliers. With AI, companies can see how an evolving external threat impacts their operations months into the future.
Risk is changing the way businesses need to plan.
Risk has become a board-level conversation.
Another great example is from our customer, athenahealth. Athenahealth is a SaaS healthcare technology company that partners with medical organizations across the country. Using our OnSolve Platform
for Critical Event Management, athenahealth receives timely risk intelligence such as a developing tornado, freezing temperatures
or local civil unrest or riots, and correlates it to their people, offices
or data centers, keeping their
people safe and operations running smoothly for customers in a crucial industry: healthcare.
What is the role of AI in managing risk?
Radtke: There are thousands of critical events happening around the world
at any given moment, but risk leaders care only about the critical events that impact their assets. AI and machine learning ensures security teams receive critical information that is not only accurate and fast, but that is also important to you. Manually scrubbing data can be time consuming and inaccurate, especially in a crisis.
Despite the ever-increasing number, and complexity, of crises, about half of security leaders indicated they are not proactively mitigating risk.
Part of the OnSolve® Platform
for Critical Event Management,
our AI-powered Risk Intelligence continuously monitors a global network of data sources and tens
of thousands of critical events to quickly pinpoint the key events
that threaten your organization and follow them as they evolve. When
an event is detected, the details are communicated within minutes to key stakeholders to help them make fast, informed decisions. OnSolve Risk Intelligence helps increase the speed, accuracy and effectiveness of data on a full spectrum of critical events, assisting organizations and analysts by accelerating the critical event management process.
SPONSORED CONTENT