"Managing Third Party Risk"
The SafeView Research Report is intended to give you a snapshot of technology risk management issues. Airius Internet Solutions manages SafeView data and provides strategic, tactical and emergency risk management consulting. If you have any technology risk issues, please contact Airius with your questions at firstname.lastname@example.org.
Considerations for Development and Acquisition in Securing Software in the Supply Chain
You’re invited to a complimentary afternoon event designed to help you measure and improve the risk posture of software applications. Aimed at IT and business leaders, the event will address the needs of banking, insurance and capital markets firms as IT innovates to meet increased demands for customer preferences, data security, privacy, and regulatory requirements. Thought leaders from the Airius, American Banking Association, Sprint, Synopsys, CISQ, and OWASP will share best practices for improved software security and reliability in IT development and acquisition.
Sponsored by: The Consortium for IT Software Quality (CISQ) and the Open Web Application Security Project (OWASP)
Hosted by: Sprint
Supported by: Airius Internet Solutions and Synopsys Software Integrity Group
Date: Tuesday, May 17, 2016 from 1:00pm – 6:00pm
Location: Sprint Executive Briefing Center (EBC), 2nd Floor, 1166 Avenue of the Americas, New York NY 10036.
The Agenda (Download agenda here)
Sprint has an elegant executive briefing center that they are justifiably proud of. While we were in that building, they put us in the overflow room, next to the super nice conference rooms. Over seventy five guests attended the meeting, greeted by another twenty staff from Airius, Synopsys, and our host, Sprint.
The event went well, with the presentations focused on understanding third party risk, measuring it, and then being aware of the impact to your business.
The facilities are right in midtown New York. Sprint's EBC staff were gracious and accommodating. Sprint has supplied additional handsets, networking devices and accounts with which to test and document secure mobile computing capabilities.
A personal story about our host
In early 2011, a client rushed my team and I to Daytona, Florida. His company suddenly got involved in NASCAR racing, bought cars, contracted with a team, and was going to race. It turns out that there are a number of critical data management responsibilities in automotive racing.
When we arrived at the track, it was Friday. The car still had to warm up, qualify, stay in one piece until Sunday, and then race in the Daytona 500.
The car was blue and primer. It seems that nobody sent the artwork to the printer. I had to find a vinyl printer and then send the car images. Good thing that I came, since the content was on the company cloud storage, protected by a VPN. There was NO COVERAGE, despite my Verizon data card and my T-Mobile backup device. I went to the Sprint Experience area, and I was given two phones with no question.
In minutes, I had a strong signal, was able to authenticate, collect the file, and give it to the vinyl printer at the track.
Interesting experience when technology risk consultants get to touch the information that they protect. We harvested the files from the server, got it to the printer, raced across the facility and applied the vinyls ourselves.
The race went well. My client's driver had the car in top ten for half the race, and number one for a little while.
Then things got ugly.
The race car was covered for a week solid for having been caught at the head of the lead pack that all crashed.
We finished the race, the first of many, and our driver Andy Lally won Rookie of the Year. As it turns out, there are a number of critical decisions that have to be made throughout the race, the majority of which are driven by server farms located in those car haulers. The race teams have to calculate risk, probability, cost of mitigation, cost of remediation, cost of event, and so on. The team owner constantly calculates the cost/benefit of the running car each lap. I would have never guessed that our technology risk management skillset was such a perfect fit in competitive motorsports.
We have since provided technology risk consulting to other very competitive racing teams, those who value knowing the cost and probability of any given event, at any time.
Sprint inherited NASCAR from their Nextel acquisition, and held onto it through the contract. Their participation in NASCAR will be missed, but was always appreciated by the teams, the fans, the owners and me.
This inaugural event went very well. Synopsys and Airius (sponsor of SafeView) sponsored the event. We got strong industry backing from OWASP and CISQ. All of this would not be possible without the facility host, Sprint. We are all grateful to Sprint and eagerly look forward to working with them in the future. All the parties involved had a common message, and our guests were sincerely interested in hearing more. We will be having another event towards the end of the summer. Please reach out with your interest to RSVP at email@example.com.