Cybersecurity: Threat, Risk and Talent

Date: June 25th, 2020

Sponsor Firm: Credit Suisse

Speakers:

Melissa Hathaway – a leading cybersecurity industry thought leader who served as a senior cybersecurity advisor to President George W. Bush and President Obama

Steve Hill – Credit Suisse Global Head of Technology, Cyber, and Third Party Non-Financial Risk Management; former Deputy Director in the UK National Security Secretariat

Panel discussion was moderated by Alicja Cade, Credit Suisse Chief Information Security Officer for the Americas, Global Markets, Investment Banking & Capital Markets, and Group CIO

Credit Suisse WBC Event Co-Chairs: Priya Rangarajan & Edith Cobos

Overview:

The virtual panel discussion provided insights into current cybersecurity threats and how to best mitigate them, as well as the challenges around future digital transformation and resilience. The panel also addressed talent development in this field, from an individual and an enterprise level.

Key Insights:

Consequences of the multitude of cyber threats we should all be worrying about are both at an individual and enterprise level and include systems failures and data loss – with the resulting financial, regulatory and reputational fall out. Threats range from organized crime (ransomware), governments (systemic critical national infrastructure disruption or intellectual property theft), insider threats either negligent or malicious in nature

“Never waste a crisis” - In current times, along with the ycbersecurity risks & threats, accelerated digital transformation is equally in the spotlight. It is being looked at as an opportunity to advance business’ digital strategy and new ways of working, but it is also a challenge in the context of cyber risk.

Cybersecurity resonates with many as a strictly technical field, but the ultimate goal is the security of our information. Diversity of backgrounds, experiences and skills is critical to Information Security. When considering digital transformation (or just cybersecurity), companies need to take a multi-discipline approach to information security including Business, Legal, Data Privacy perspectives.  Technology is not always the only answer, leadership should look to foster critical skills such as problem solving, critical thinking and encourage mentoring in an information security career.