Ian is best known in New Zealand from his time as Director of the GCSB from 2012 to 2015. But his experience is more than that – as a trade negotiator for the EU, as Chief Executive of the UK Patent Office, and as Director-General of the Queensland Department of Economic Development – a bigger version of MBIE – Ian has developed an unrivalled set of skills in regulation, and organisational management. Ian is now the Managing Partner in InPhySec Security Ltd, a leading New Zealand cyber security firm. InPhySec has genuinely blue-chip clients in both private and public sectors, and is making a name for innovative thinking in security planning as well as through its forensic and investigative services. Ian writes and speaks on the effect of the internet on governments and companies, and continues to provide advice on intellectual property and government relations to a small group of select clients.
Using The Value Of Data And Intangible Assets To Value The Benefits Of IT Security
The IT security industry struggles to get organisations to really grasp the consequences of under-investment and lack of attention to IT security. Asserting that security is a business issue is not enough. We need a new approach.
We know that over 85 per cent of the realisable value of a modern business is likely to be in intangible assets – people and data.
This presentation looks to take that insight and explore a new way of valuing IT security – as a component of the balance sheet value of data and intangible assets. This gets away from a misleading focus on costs, to look at positive value created, enhanced or preserved through effective IT security.
It also looks at other consequences of such an approach: -