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Trust in the new world: The evolving role of the Chief Risk Officer

Tomer Barel | Aug. 6, 2015
There have been some major changes related to risk management in the last few years that have made many people take notice. Businesses and consumers alike are faced with new threats.

4. Don't try to do it alone

There isn't a silver bullet when it comes to security and threats, and companies can't just build a big wall to stop people from getting in. With new threats being created every day, trust must be built between companies, customers and governments especially in a global organization. Managing risk properly takes a group effort. PayPal was a founding member of DMARC and of the FIDO Alliance and also recently participated in the White House's Cybersecurity Summit. We believe there needs to be a future where a password is no longer needed but it will take industry collaboration and a focus on building trust to get there. Ultimately, building these relationships and industry solutions will benefit us all.

 

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