| | March 20188CIOReviewMANAGING DIGITAL TRANSFORMATION BY IT AND SECURITY TEAMSBy Elena Kvochko, CIO-Group Security Function, Barclays [NYSE:BCS]Over the last couple of decades, companies have expanded their digital presence by fostering technology innovation. As a result, they are able to deliver a variety of services, and reach more stakeholders with the same amount of effort and at a lower cost. Phones, computers, and other connected devices serve as a platform for delivery of services that weren't considered before. More importantly, companies gained the ability to better understand their stakeholders' needs. While this has brought a lot of new opportunities to scale, it has also brought many challenges to companies to protect their assets and stakeholders. There are new and more innovative ways to attack companies; meanwhile, companies are struggling to protect themselves.In the past, security focused on physical security to protect the company against within close geographical proximity. Today, our neighborhood is no longer a local district, but the entire globe and "Security" has become one of the fastest growing and developing fields. Information Technology (IT) is not only about software that enables a company; but rather, software that enables a company in a safe way. IT requires professionals to stay on top of the evolving threats of the cyberspace in addition to constantly innovate and challenge themselves to keep up with the ever evolving stakeholders' demands. Companies, require not only more security products to protect themselves; but at the same time more secure products. By building or acquiring secure products, increasing organizational efficiency and coordination, and enabling high performing technology for operations, IT and security teams shall shape secure products, customer experience, and services without compromising either speed to market, or functionality."In today's industry, there is a greater need for secure technology. Therefore, IT and security teams should not only have to focus on software, but rather-secure software"Technology and Business Drivers for TrustTrust and security are now at the center of competitive differentiators. The biggest for an organization is failure to uphold agreements and keep valuable assets safe. For this reason, we developed the Group Security Strategy which reshapes the way we thinks about Security. We now focus not on notions, such as `Information', `cyber', or `physical' describing security, but on delivering Security. We are on the road to establishing an intelligence-led defense resting on adequate cyber hygiene, physical and cybersecurity controls, and working alongside partner institutions. This has Elena Kvochko
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