Mike Dillon of Quest, a solution provider at the marcus evans CFO Summit XXX Spring 2015 and National Healthcare CXO Summit Spring 2015, on data security and risk management.
NEW YORK, NY, Apr 12, 2015 - (ACN Newswire) - Data security is strangling many companies, according to Mike Dillon, Chief Technology Officer, Quest. "Security has taken over priority in businesses, strangling flexibility and growth. Many companies have dedicated all their technology initiatives to fortify their business, protect consumer or patient information, while initiatives that could help the organization grow and become more efficient operationally have taken a back seat. This is not the best approach," Dillon advises.
Quest, a technology management company, is a solution provider at the marcus evans CFO Summit XXX Spring 2015, May 14-16, and National Healthcare CXO Summit Spring 2015, May 17-19, both in Palm Beach, Florida.
- What risk management issues are businesses facing today in protecting customer or patient information?
The challenge we are seeing at the executive level is in knowing where all of their data originates, travels, and rests, where all the systems are being pulled from, and understanding their level of risk. The cloud environment and big data have added new twists - companies do not control where their data resides and probably do not control how it is protected.
Many executives think they have successfully transferred risk to an outside organization, their service provider is HIPPA certified and has all the different requirements covered, but that is a misconception. In reality, service providers are taking on contracts, but the business still owns the risk of what happens to their data and customer's personal information.
- Is this about selecting the right solution provider to handle the job?
Selecting the right service provider is a big deal, but the organization must be aware of risks, manage and mitigate them. It is about partnering with a provider, staying involved and being vigilant.
The risk of cybersecurity or an employee hitting the wrong button never goes away. A company cannot rely on purchasing a solution and forget all about it.
- Could this be handled in house?
Doing it in house can be much more expensive, and most organizations are not prepared for it. It is almost impossible for an in house IT department to maintain the expertise and monitor risks that pose serious business threats. So much is changing every day! It is better off partnering with a firm that focuses on IT, so the company can focus on initiatives which can help it innovate and grow.
When a company went into the business of healthcare, or whatever it might be, it was looking to provide the best care possible to its patients, but in today's world, it has almost become an IT business as it has to be so diligent with its IT, meeting compliance and regulations, and protecting data.
- How should they start off their risk management program?
The best approach is to begin with a consulting engagement, to have a probing discussion with Risk Management experts and outline a plan of action to mitigate risk. There may be areas they had not realized that might be at risk. This should be done before purchasing a product that will supposedly solve all their problems, as most of the time it does not.
About the CFO Summit XXX Spring 2015
The CFO Summit XXX is the premium forum bringing senior finance executives and solution providers together. The Summit offers service providers and CFOs an intimate environment for a focused discussion of key new drivers shaping the future of the industry. Taking place at the Eau Palm Beach Resort & Spa, Palm Beach, Florida, May 14-16, the Summit includes presentations on cyber security, emerging markets, strategic growth practices to drive profitability and talent development.
For more information please send an email to press@marcusevanscy.com or visit the event website at www.cfosummits.com/MikeDillonInterview
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The Finance Network - marcus evans Summits group delivers peer-to-peer information on strategic matters, professional trends and breakthrough innovations. - LinkedIn: www.linkedin.com/groups?mostPopular=&gid=3568428&trk=myg_ugrp_ovr- You Tube: www.youtube.com/MarcusEvansFinance - Twitter: www.twitter.com/meSummitFinance - SlideShare: www.slideshare.net/MarcusEvansFinance
Please note that the Summit is a closed business event and the number of participants strictly limited.
About the National Healthcare CXO Summit Spring 2015
The 12th National Healthcare CXO Summit is the premium forum bringing senior level healthcare executives and solution providers together. The Summit offers an intimate environment for a focused discussion of key new drivers shaping the healthcare industry. Taking place at the Eau Palm Beach Resort & Spa, Palm Beach, Florida, May 17-19, the Summit includes presentations on navigating new regulation, supporting growth through collaboration, managing population health, clinical integration and achieving operational excellence.
For more information please send an email to press@marcusevanscy.com or visit the event website at www.nhcxosummit.com/MikeDillon_Interview
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The Healthcare Network - marcus evans Summits group delivers peer-to-peer information on strategic matters, professional trends and breakthrough innovations. - LinkedIn: www.linkedin.com/groups?gid=4394922&trk=hb_side_g - YouTube: www.youtube.com/MarcusEvansHealth - Twitter: www.twitter.com/meSummitHealth - SlideShare: www.slideshare.net/healthcareseries
Please note that the Summit is a closed business event and the number of participants strictly limited.
About Quest
Quest, a worldwide leader in technology management, offers professional, cloud and managed services. Either on-site or from our secure global service delivery centers, Quest provides risk management, security, disaster recovery, business continuity, data backup and replication, Desktops as a Service, virtualization, system performance, application development, wireless, hosted HD video conferencing, telecommunications & transport, VoIP, consulting and IT staffing solutions. QuestFlex(R), a flexible service level agreement, allows companies to "Invest in the Capability, Not in the Product(R)" by providing technology capabilities customizable to their requirements. ww.questsys.com.
About marcus evans Summits
marcus evans Summits are high level business forums for the world's leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings. For more information, please visit www.marcusevans.com.
- Twitter: www.twitter.com/meSummitsGlobal - YouTube: www.youtube.com/user/MarcusEvansGroup - SlideShare: www.slideshare.net/MarcusEvansSummits
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