Interconnectivities and regulatory impact [43]

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Bullet points include: “Extraordinary online business benefits have revolutionized business and, as digital interconnectedness continues growing daily around the globe, so too do the implications of its power. Managing assets and financial risk in business today relies heavily on the speed and ubiquity of computer connections and networks globally. As Microsoft founder Bill Gates noted, “Information technology and business are becoming inextricably interwoven. I don’t think anybody can talk meaningfully about one without the talking about the other.” But, for the nation’s risk managers, it is clear that cyber-risk has become the revolution’s menacing dark side. Increasingly, headlines spotlight massive credit card privacy breaches, allegations of sovereign espionage, and “hacktivists” penetrating the firewalls at the Department of Justice and other federal agencies, sending shudders through risk officers charged with protecting corporate assets, regardless of whether those assets are intellectual property, financial transactions, customer data, supply chains or infrastructure.”

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