Regulations, Compliance and Cyber Risk Management

Don Anderson

“With great power comes great responsibility” is a saying dating back to the 18th century, attributed to the writings of Voltaire, but used by prominent leaders such as Lord Melbourne, Winston Churchill, Franklin D. Roosevelt and Theodore Roosevelt. Prior to World War Two, when early research was being conducted for what would eventually become the first computer, and in the 1960s when the internet was born, did the creators contemplate the great power they were unleashing? Large complex calculations and tasks that once seemed impossible could now be achieved in fractions of a second, infinite amounts of data became readily accessible and physical location and boundaries were no longer an impediment to communicate and collaborate.

Meanwhile, millions of new products and services were created, revolutionary advancements in productivity were achieved, new economies were created, and many would argue a safer and improved quality of life was established for all those who could participate. The power of this new digital world is due to its high degree of interconnectedness, which has created new dependencies that never existed before.

Across the globe, regardless of a nation’s

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