Principles of an Effective Cybersecurity Strategy

According to MetricStream’s, ‘The State of Cyber Security in the Financial Services Industry’ report, around 66 percent of financial services institutions have faced at least one cyber-attack in the last 12 months. The cost of this can even result in a complete shutdown of the business."

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IBM Cloud Transforms Business Operations in the State of Vermont

IBM Cloud Transforms Business Operations in the State of Vermont

IBM cloud services and Silanis’ electronic signature technology are transforming business operations for the State of Vermont.

Cloud computing has transformed business operations to improve efficiencies, boost profits and allowed the State to more cost effectively collaborate with vendors.  IBM notes that the State of Vermont aimed to reduce costs and paper consumption and boost efficiency in its Department of Information and Innovation (DII).

Our department signs as many as 80 vendor contracts a month. A Cloud-based business process using Silanis and IBM technology helped us keep up with Vermont’s commitment to the environment and our plans to adopt productivity-enhancing technologies,” said Kris Rowley, DII’s chief information security officer. “Hand-signing also meant many of our people were spending valuable time chasing down multiple signatures or correcting errors.”

Silanis Technology provides electronic signature software to government organizations and agencies. For this project, Silanis’ subscription-based, secure online e-signing service, e-SignLive has also been integrated with IBM’s LotusLive cloud-based collaboration service. This integration allows Vermont’s DII to gather, approve and process signatures and contracts in an efficient, environmentally friendly, paperless manner.

Looking forward, this organization intends to use additional IBM cloud collaboration capabilities to further improve its efficiencies. IBM has included in its LotusLive’s cloud collaboration service a range of tools including project tracking, Web meetings and instant messaging.

All these tools accomplish several goals such as promoting team work, quickly find expertise needed to get projects done, and create effective partnerships.

“This initiative is our way of taking a positive approach to the downturn in the economy,” said Rowley, DII’s chief information security officer. “It’s a challenge that has led us to seek out ground-breaking technologies like the combination of e-SignLive and LotusLive, which is improving the way we do business while costing us less.”

By Anuradha Shukla

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