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In the third installment of our five-part Megatrends series – exploring the transformative global forces impacting the future of business, the economy, industry, society and individuals – we examine digitalization and cybersecurity.

Woman reading emails on smartphone outdoors against financial area of Hong Kong

Megatrends have a powerful impact on every aspect of our world, defining our collective future. As a result, governments, NGOs, businesses, society and individuals all have a role to play in understanding and addressing megatrends.

At SGS, we are evolving our organization to focus on the underlining issues, risks, challenges and opportunities that megatrends present.

Megatrend: digitalization and cybersecurity

The billions of devices that are connected to the internet, interacting and sharing data back and forth on an entirely new scale, present huge potential to save time and money. Moreover, advanced technology – such as robotics, artificial intelligence and big data – is revolutionizing our personal and professional lives.

As much as these advances are improving societies and economies, the security risks are significant. Personal data has become a valuable asset and attacks on security gaps can cause considerable damage.

Adequate cybersecurity is one of the basic requirements for a digital society: people need to be able to trust that their digital devices are secure and that their data is private and safe. Any company that works with data needs to provide the infrastructure and security measurements to avoid data breaches and maintain uninterrupted business operations.

How SGS is addressing digitalization and cybersecurity?

SGS is committed to addressing megatrends and believes them to be a fundamental responsibility. One of the many ways that SGS is addressing the digitalization and cybersecurity megatrend is by working at the forefront of cybersecurity to secure the future of the digital world.

Sergio Lomban, SGS Digital Trust Services, Vice President, explains: “SGS joined forces with Siemens and eight other leading businesses to present a Charter of Trust in February 2018.

“The Charter contains 10 principles that aim to make the digital world more secure and also sets three important goals: protect the data of individuals and companies; prevent damage to people, companies and infrastructures; and create a reliable foundation for instilling trust in a networked, digitally connected world.

“As an industry leader, we are committed to pushing for the Charter’s adoption globally and will continue to develop, promote and implement its principles.”