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Episode Summary

On this episode, Matt speaks with Senior Executive, Board Director, and leader in Cybersecurity, risk management, and regulatory compliance, Chris Hetner about cybersecurity and the newly-proposed SEC cybersecurity rules. With over 25 years of experience in the cybersecurity space, Chris has served in roles including as Senior Cybersecurity Advisor to the Chairman at the SEC, Managing Director of Information Security Operations at GE Capital, and SVP Information Security at Citi.

Today, Chris talks about understanding the proposed cybersecurity rules, defining materiality, and the importance of focusing on cyber-resilience. Where does the Cloud come into it? Hear about the cost of cyberattacks, the core risk exposures, and Chris’s formula to personal growth.

Timestamp Segments

· [02:47] Chris’s proudest moments.

· [10:00] The new proposed rules.

· [14:26] Defining materiality.

· [23:56] Bridging the language gap.

· [32:14] Focusing on cyber-resilience.

· [35:36] Cybersecurity expertise on the board.

· [41:27] The cloud.

· [45:32] The formula to personal growth.

Notable Quotes

· “Ransomware extortion is relatively insignificant relative to the overall cost of the event.”

· “You can’t outsource the risk.”

· “Realize that you’re not always the smartest person in the room.”

· “We don’t know it all, and we never will.”

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