S3E11: Larry Clinton w/ Internet Security Alliance: Cybersecurity as a Business Risk
Jul 11, 2022
auto_awesome
This podcast discusses the evolution of cybersecurity as a business risk, the risks of the SEC proposal on cybersecurity disclosure, the convergence of data breaches and cyber stock manipulations, the difference between cyber resiliency and cyber security, and the importance of basic principles in cybersecurity risk management.
45:15
AI Summary
Highlights
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Cybersecurity is an economic issue, not just an IT issue, and organizations need to view it as a strategic business concern.
Effective communication of cybersecurity risks to business peers requires candidness and the use of business language.
Deep dives
The Misanalysis of Cybersecurity
The podcast episode discusses how the issue of cybersecurity has been misanalyzed in both the private and public sectors. It emphasizes that while cybersecurity is often seen as solely an IT issue, it is actually an economic issue. The podcast highlights the misalignment of economic incentives, with attackers having a profitable business model and defenders facing challenges such as a porous perimeter and lack of law enforcement. The Internet Security Alliance (ISA) is mentioned as an organization working to establish a new model for addressing cybersecurity and promoting a more comprehensive and strategic approach to tackle the problem.
Cybersecurity as a Business Risk Issue
The episode explores why cybersecurity has traditionally been seen as an IT issue rather than a business risk issue. It attributes this misunderstanding to the unpreparedness of organizations for the digital age and the perception that cybersecurity is a simple technology fix. The podcast emphasizes the importance of understanding the complex nature of cybersecurity and the need to view it as a strategic business concern. It discusses the role of cyber risk management in integrating cybersecurity into the overall business framework and the need for a multidisciplinary approach that includes departments such as legal, HR, and public relations.
The Importance of Cybersecurity for Business Competitiveness
The episode highlights the critical role of cybersecurity for businesses competing in the digital economy. It emphasizes that digital transformation is essential for remaining competitive, but it also increases security risks. The podcast stresses the need to strike a balance between risk-taking and security measures to ensure sustainable business operations. It mentions the evolution of risk assessment methodologies that enable organizations to assess cyber risks in empirical and economic terms. The episode also raises the issue of funding cybersecurity at the commercial level versus cybersecurity for national security, highlighting the gap between the two and the importance of bridging it.
Effective Communication and Cybersecurity
The podcast discusses the challenge of effectively communicating cybersecurity risks to business peers. It recommends two key approaches for improving communication: candidness and using business language. Open and honest communication is encouraged, avoiding the strategy of overwhelming non-technical executives with complex information to discourage their involvement. Instead, cybersecurity professionals should present information using business-oriented terminology and relate it to the organization's overall objectives. The podcast emphasizes the importance of empirical and fact-based presentations to gain the understanding and support of business leaders.
- Why do you think Cybersecurity has traditionally been seen as an IT issue?
- With more and more of economic activity being tied to digital platforms, do you think organizations are realizing that cybersecurity is tied to business outcomes and value?
- What do you think of recent activities by the SEC to require organizations to disclose cyber expertise among their board makeup?
- How critical do you think Cybersecurity is for organizations competing in the modern digital economy?
- Any advice or recommendations for Cyber professionals trying to communicate risks with their business peers?
- How do you see the role of the CISO evolving with the push for Cyber at the C-Suite and beyond?
- Where can folks find out more about the ISA?
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode