DUBLIN
More than half of all organizations (55%) believe it is extremely or very important to have a digital trust framework. This is proven by the study that will be published shortly State of Digital Trust from the global IS/IT association, ISACA.
Digital trust is defined as trust in the integrity of relationships, interactions and transactions within a connected digital ecosystem. An early look at ISACA’s research into the behavior underlying digital trust reveals its benefits: better reputation (71%), more reliable data to inform decision-making (60%), lower number of data breaches (60%) and cybersecurity incidents (59%) and increased customer loyalty (56%).
ISACA meets these needs through a new one Digital Trust Ecosystem Framework (DTEF). It aims to help companies focus on trust by using technologies securely, increasing collaboration, reducing response time to unforeseen events, focusing on brand management and improving financial health through increased trust.
“A high level of digital trust ultimately improves financial performance by reducing the risk of data breaches and cyberattacks and related fines,” said Shannon Donahue, ISACA Chief Content and Publishing Officer. “These companies also receive a higher return on digital investments. The Digital Trust Ecosystem Framework helps with both.”
The Digital Trust Ecosystem Framework (DTEF) and portfolio of resources helps companies understand the practices they need to implement to strengthen their trustworthiness and reputation. The focus is on the most important components of digital trust: integrity, security, confidentiality, endurance, quality, reliability and self-confidence.
After a test version, with the help of which ISACA was able to incorporate the practical opinions of global experts into the final version, the newly released Digital Trust Ecosystem Framework focuses on people, processes, technology and organization. These are broken down into cultural domain, human factors, demeanor, empowerment and support, guidance and review, and architecture to familiarize organizations with trust-building factors, practices, activities, and outcomes as components of their trust journey. The framework is intended to be compatible with many existing frameworks and best practices such as COBIT, ITIL, GDPR and numerous ISO and NIST standards.
“Strengthening digital trust is not a one-time exercise, but an ongoing practice of proactively building relationships between companies and their stakeholders, which is both responsible and profitable while addressing underlying ethical issues,” says Rolf von Roessing, member of the ISACA Digital Trust Working group and leader in the development of the framework, as well as partner and CEO at FORFA Consulting AG. “When there is a framework to guide companies as they integrate trustworthiness into their technology and operations, they cover all bases, minimize risk and maximize impact.”
“In a technology and business environment that is changing faster than ever before, Digital Trust is a key differentiator that provides stability, improves reputation and ultimately leads to success,” said Erik Prusch, ISACA CEO. “Practices for building digital trust require planning. ISACA offers companies transformation tools to build trust with their stakeholders with correspondingly positive impacts.”
ISACA also publishes an interactive guide to help companies use the framework effectively. The DTEF Interactive Guide allows users to explore the content of the framework with 3D modeling, application examples and visual representations. A DTEF implementation guide and a short course introducing the Digital Trust Ecosystem Framework are also available. ISACA has also developed the Digital Trust Board Briefing, which is available exclusively to members for 60 days, after which it is available to the general public.
Later in the year, ISACA is planning the Digital Trust Ecosystem Framework Foundation Course and a Digital Trust Ecosystem Framework Foundation Certificate.
If you would like to access the Digital Trust Ecosystem Framework and resources, visit: www.isaca.org/digital-trust . Additionally, learn about the five ways the framework can become a business differentiator this graphic .
Methodology
All figures are based on ISACA research. The studies were conducted in January 2024 among 5,870 global IT professionals.
About ISACA
ISACA ® (www.isaca.org) is a global community that empowers individuals and organizations to implement digital trust. For more than 50 years, ISACA has equipped people and companies with the knowledge, credentials, education, training and community to advance their careers, transform their organizations and build a trusted and ethical digital world. ISACA is a global association of experts and a learning organization that brings together and advances the expertise of more than 165,000 members in the areas of information security, governance, insurance, risk, data protection and quality. ISACA operates in 188 countries, including 225 chapters worldwide. The ISACA Foundation supports the IT training and careers of people who have limited resources and are not sufficiently represented.
Twitter: www.twitter.com/ISACANews
LinkedIn: www.linkedin.com/company/isaca
Facebook: www.facebook.com/ISACAGlobal
Instagram: www.instagram.com/isacanews
The source language in which the original text is published is the official and authorized version. Translations will be included for a better understanding. Only the language version that was originally published is legally valid. Therefore, compare translations with the original language version of the publication.
View original version on businesswire.com:
[email protected]
Emily Ayala, +1.847.385.7223
Bridget Drufke, +1.847.660.5554
[email protected]
+447526565507
© Business Wire, Inc.
Disclaimer
This press release is not a document created by AFP. AFP assumes no responsibility for their content. If you have any questions, please contact the contact persons/offices listed in the text of the press release.
2024-03-05 23:17:00
#companies #rate #digital #trust #framework #positively
