security

WEF_GlobalInformationTechnology_Report_2014.pdf.txt

Rewards and Risks of Big data Beã at Bilbao-Osorio, Soumitra Dutta, and Bruno Lanvin, Editors

Rewards and Risks of Big data Beã at Bilbao-Osorio, World Economic Forum Soumitra Dutta, Cornell University

and Risks of Big data 1. 1 The Networked Readiness Index 2014: 3 Benchmarking ICT Uptake in a World

Balancing the Risks and 53 Rewards of Data-Driven Public Policy Alex Pentland (MIT 1. 5 Managing the Risks and Rewards 61

of Big data Matt Quinn and Chris Taylor (TIBCO 1. 6 Rebalancing Socioeconomic 67 Asymmetry in a Data-Driven Economy

and risks accruing from big data, an unprecedented phenomenon in terms of the volume, velocity, and variety of sources of the creation

This can present a threat that can often turn a companyâ€ s advantage into a weakness

Consider, for example, the threats, distractions and benefits of one current element of digitization: big data.

3) balancing the risks and rewards of big data from a public policy perspective;(4) managing these risks and

rewards;( (5) rebalancing socioeconomic asymmetry in a data-driven economy;(6) the role of regulation and trust

security, spectrum and bandwidth constraints, cross -border data traffic, legacy regulatory models, reliability scaling, and electrical power

Balancing the Risks and Rewards of Data-Driven Public Policy Alex â€oesandyâ€ Pentland from the Massachusetts Institute

providing greater security for organizations that use xiv The Global Information technology Report 2014 Executive Summary

helps minimize the risk of unauthorized information leakage 3. Systems controlled by partner organizations, and

Managing the Risks and Rewards of Big data In Chapter 1. 5.,Matt Quinn and Chris Taylor from TIBCO

for example, but at the same time, big data brings risks that require balancing those benefits against privacy concerns raised by the potentially unsettling correlation

risks and rewards Rebalancing Socioeconomic Asymmetry in a Data-Driven Economy Chapter 1. 6, contributed by Peter Haynes of the

threat to the emerging data-driven economy, since they may reduce overall output as more and more

and Rewards and Risks of Big data Â 2014 World Economic Forum Â 2014 World Economic Forum

ICTS and software piracy rates The business and innovation environment pillar nine variables) gauges the capacity of the business

capacity and server security. Yet performance in these dimensions is still relatively low because improvements

strategic matters regarding national security, have been raised. Measures that can build resilience and avoid these perils will need to be developed

*1. 07 Software piracy rate,%software installed 1. 08 Number of procedures to enforce a contractd

cooling levels as well as arming (or disarming) security settings remotely At an industrial level, applications using sensor

conditions, improve public safety and security, and increase efficiency in the delivery of public services such

fully exploit big data expansion (Figureâ 3). An approach that tackles these issues concurrently will help to

security Spectrum & bandwidth constraints Reliability Scaling Electrical power Cross-border data traffic Legacy regulatory models

The key security issues for big data include the reliable prevention of hacking and access by unauthorized and unwanted

activities, network security is essential Over the next five years, the growth of mobile data traffic will require greater radio spectrum to enable

professionals, safety and security applications, utility functions, and industrial uses are examples where continuous, uninterrupted, real-time communications

security challenges. However, at the aggregation and distribution levels, utility companies face the new reality

ability to exploit big data opportunities or exposing them to threats of legal and regulatory intervention

HOW TO REACH BIG DATA MATURITY Our big data maturity framework (Figureâ 3) comprises three elements: the enablers of environment readiness

the risk of losing competitive advantage vis-Ã-vis other countries Policymakers must therefore â€¢formulate a vision for the usage of data consistent

Risks and Rewards of Data-Driven Public Policy ALEX PENTLAND MIT In June 2013, massive US surveillance of phone

records and Internet data was revealed by former National security agency (NSA) contractor Edward Snowden, who called these activities the â€oearchitecture

of oppression. â€ His disclosures ignited an overdue public debate on the balance between personal privacy and our growing digital capabilities regarding

the risks and the rewards of this new age of big data address policy issues in this area,

The risk of deploying this sort of data-driven policy and regulation comes from the danger of putting so

Balancing the Risks and Rewards of Data-Driven Public Policy 54 The Global Information technology Report 2014

Balancing the Risks and Rewards of Data-Driven Public Policy Â 2014 World Economic Forum

or that help citizens reduce their risk of catching the flu The work of these 90 research groups also

Balancing the Risks and Rewards of Data-Driven Public Policy 56 The Global Information technology Report 2014

without the work of entering data by hand or the risks associated with sharing through current social media

A major risk of deploying data-driven policies and regulations comes from the danger of putting so much

systems and encryption. Similarly, human resources should be organized into cells of access and permission that are localized both spatially and by data type

computer and encryption systems, are hard to attack both physically as well as through cyberattack. This is because any single exploit is likely to gain access

to only a limited part of the whole database. Similarly the resilience of organizations with a heterogeneous

cell-like human and permissions structure is familiar from intelligence and terrorist organizations Importantly, resistance to attack by adopting a

distributed organization is a particularly pressing issue for authoritarian governments, because unfettered access to data about citizen behavior can be a major

the â€oemany eyesâ€ security strategy. When patterns of communication among different departments are visible as with physical mail), then the patterns of normal

Balancing the Risks and Rewards of Data-Driven Public Policy Â 2014 World Economic Forum

industrial espionage, and cyberattack are among the greatest dangers that companies face in the big data

era. A distributed architecture of databases joined with a network that supports permissions, provenance and auditing can reduce risk

power while at the same time providing greater security for organizations that use big data. The key policy recommendations for all large organizations, commercial

and helps to minimize the risk of unauthorized information leakage by providing the minimum amount of information required

Balancing the Risks and Rewards of Data-Driven Public Policy 58 The Global Information technology Report 2014

Balancing the Risks and Rewards of Data-Driven Public Policy Â 2014 World Economic Forum

Managing the Risks and Rewards of Big data MATT QUINN CHRIS TAYLOR TIBCO One of the biggest challenges of the term big data is

RISKS AND REWARDS Digitization itself is not new, but the maturation and availability of the Internet;

It is in those extremes that the risks and rewards of big data are decided THREE KEY BIG DATA TRENDS

risks and rewards are emerging. First and foremost big data leverages previously untapped data sources Those sources are of several types.

to our security, health, and lifestyle. Machines can be something as large as an aircraft or locomotive or they

the opportunities and risks represented by these new sources. Automated systems that manage big data ecosystems cannot be developed around rigid schemas

Managing the Risks and Rewards of Big data 62 The Global Information technology Report 2014 Â 2014 World Economic Forum

Managing the Risks and Rewards of Big data Â 2014 World Economic Forum dataâ€ not with the goal of having a larger dataset, but

the risk associated with the decision. There is a broad spectrum of judgments that covers small, incremental

Many of the risks and rewards of big data are coupled tightly to the use of all of those data.

and personal security. Given enough personal data information can be correlated that can be both unsettling and unwanted.

burglaries. Each discrete piece of information is not meaningful, but in the aggregate can make someone a

Managing the Risks and Rewards of Big data 64 The Global Information technology Report 2014 Â 2014 World Economic Forum

while mitigating risks is entirely a matter of data systems sophistication. This section will explore three examples that demonstrate the

of the bodyâ€ which is a constant threat to hospitalized patients. Sepsis is acquired usually in the healthcare

carrier more competitive and reducing the risk of negotiating and accepting poor contracts. Without the

Although the rewards are clear, a risk remains in gaining the customerâ€ s favor while requiring access to

Managing the Risks and Rewards of Big data Â 2014 World Economic Forum ideal way to gain that access

customer, mitigating the risk of a brand being perceived as stalking the customer or invading their privacy

MITIGATING THE RISKS Managing the three key trends of leveraging previously untapped data sources, using automation wherever

mitigating its risks. Accomplishing these three objectives requires successfully meeting big dataâ€ s two main

of how well its risks are managed. Truly expert handling of big data brings the reward of being able to react

obligation to monitor security device, server, and application logs, all of which generate machine data that provide insight into how,

personal information, with the requirements of security and what the marketplace can use for better customer

balance the risks and rewards of big dataâ€ especially as big data moves from low impact â€oeexperimentsâ€ to driving

personal security and the introduction of the creepiness factor are all things to consider. Big data is a fast-moving

Managing the Risks and Rewards of Big data 66 The Global Information technology Report 2014 Â 2014 World Economic Forum

while minimizing risks and harms to individuals and enterprises globally. Existing regulatory approaches that are based on the principles

is how little we actually know about itâ€ its potential risks and rewards, as well as its implications for individuals

primary challenge is security: although metadata can be logically bound to data, it can also be unbound by bad

actors (a situation similar to the vulnerability of todayâ€ s financial systems to hackers. Thus a strong legal and

policy framework will be required to ensure that criminals are discouraged from doing this (again analogous to the laws governing todayâ€ s financial systems.

and inherent security, as well as its ability to enable alternative policy frameworks A metadata-based architecture offers value to all

and the data they carry from cyberattacks. A further imperative is to build the trust of citizens,

Network and Information security (ENISA) states that a great deal of data are stored in different places in the cloud for security reasons,

and these data may have been aggregated or amended into new forms such as statistical data. Thus removing some specific

quo to identify risks and opportunities. They should consider implementing a privacy-by design mentality to avoid unnecessary costs

their participation as well as potential privacy risks. For this reason, the legislative considerations for data collection

â€¢Finance functions (such as finance, risk, and treasury) can use big data for intraday liquidity management, providing real-time monitoring of

supported credit risk assessments that factor in hundreds or even thousands of indicators â€¢Supply chain and procurement can use big data

Risk/security R&d Procurement Supply chain management IT Operations, real estate planning Regulatory compliance Legal Human resources

and marketing to risk management and audits, from analyzing crop and seed production to fan listening

ensure the privacy and security of personal data. The appropriate agency should take a leading role in working

it has developed in house both for its risk management business and for gathering data it sells to its clients.

various business risks and adjust audit coverage to the areas that pose the greatest risks.

At the same time, it reduces the time spent on auditing by about 15 percent â€¢A British multinational music recording and publishing

1. 07 Software piracy rate,%software installed...77.75 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...95.84 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...69.69 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...101.88 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...5...23 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...100.87 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...44.54 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...104.90 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...7...24 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...83.79 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...62.66 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...87.80 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...40.53 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...65.67 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...61.64 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...93.83 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...14.27 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...53.61 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...80.77 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...40.53 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...50.58 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...89.81 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...40.53 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...34.48 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...20.35 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...7...24 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...78.76 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...67.68 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...53.61 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...87.80 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...34.48 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...10.25 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...22.37 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...107.91 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...12.26 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...53.61 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...83.79 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...75.73 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...30.43 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...28.41 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...34.48 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...58.63 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...98.86 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...19.34 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...17.31 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...34.48 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...3...21 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...50.58 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...78.76 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...81.78 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...25.40 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...52.59 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...44.54 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...71.71 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...104.90 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...44.54 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...2...20 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...62.66 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...47.55 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...30.43 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...48.57 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...104.90 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...83.79 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...62.66 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...14.27 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...4...22 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...83.79 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...91.82 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...14.27 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...53.61 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...98.86 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...72.72 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...93.83 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...65.67 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...70.70 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...40.53 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...25.40 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...29.42 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...38.50 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...58.63 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...39.51 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...81.78 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...72.72 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...n/a n/a 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...18.33 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...25.40 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...33.46 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...20.35 1. 08 No. procedures to enforce a contract...

1. 07 Software piracy rate,%software installed...32.44 1. 08 No. procedures to enforce a contract...