Why Corporate Boards Must Have Cybersecurity Expertise

Thomas Bennett, Executive Chairman, CEO Mentor, Incubator Venture Capitalist and a Board Member participates in Risk Roundup with Jayshree Pandya to discuss “Why Corporate Boards Must have Cyber-Security Expertise”.

 

Overview

What is the role and function of a corporate board?

One of the key functions of corporate boards has historically been to balance risk against the ability to generate revenue and profit. Everything has risks and risks are inevitable. It is the ability to take risks that gives individuals and entities across nations: its government, industries, organizations, and academia (NGIOA), possibility of progress and advancement.

Irrespective of individuals or entities across NGIOA, progress and advancement is all about risk taking. But when risk transcends individuals, initiatives, businesses, industries, borders, nations, societies and human existence, taking timely and relevant risk initiatives is a necessary forward-looking move.

Cyberspace has brought complex, chaotic, and challenging time for each individual and entity across NGIOA: large and small, public or private in cyberspace, geospace and space (CGS). As cyberspace is deeply embedded across each component of an NGIOA, its crowded interconnections have caught everyone off guard.

Irrespective of NGIOA, cyber breaches are seemingly becoming a new norm and cyber-security is no longer an IT problem. The digital global age has made cyber-security everyone’s problems. When cyber-security has become everyone’s problem, the board needs to begin by understanding what exactly is a cyber-security risk and how does cyberspace and cyber-security risks change their traditional corporate board role and responsibilities.

From information security, network security, data security to strategic security, understanding and expertise around security risks coming from cyberspace and because of cyberspace in geospace and space is now becoming an absolute survival necessity—even for boards.

Some boards are beginning to understand that cyber-crime and cyber-security risks, be it tactical or strategic, is a risk management issue that affects not only the risks and rewards of revenues and profits but also the very survival and sustainability.

While, keeping up with the complex, rapidly evolving risks from cyberspace, geospace and space is a complex challenge, understanding what is at risk is even a bigger challenge.


To watch or listen, Thomas Bennett, Executive Chairman, CEO Mentor, Incubator Venture Capitalist and a Board Member participate in Risk Roundup with Jayshree Pandya to discuss “Why Corporate Boards Must have Cyber-Security Expertise” please watch the video or hear the audio podcast.

Risk Roundup: video/audio podcasts are available on YouTubeiTunesAndroid, Google PlayStitcher RadioRisk Group, professional social media and Risk Group networks.

About the Guest

Tom Bennett has been an Incubator Venture Capitalist, CEO, Board Director and entrepreneur with a track record of taking venture-backed startups from concept to market leadership into profitable liquidity events. He is a nationally recognized domain expert in both offensive and defensive cyber-security across all aspects of the kill-chain. Tom has previously held high Department of Defense security clearance and has worked with multiple agencies on national cyber-security defense and operations initiatives.

Currently Tom is an operational independent board director for cyber-security leaders Dragos Security and ThreatSTOP. He was previously the independent board director for Cylance where he remains on the board of advisors, and served as Executive Chairman for Veracity Security Intelligence. Tom is also a member of the National Association of Corporate Directors (NACD) and the American College of Corporate Directors (ACCD).

An avid outdoor athlete, Tom is a lifelong skier, surfer and (more recently) kiteboarder, and has competed in 3 Molokai2Oahu paddleboard races. An Architect in a previous life, he designed a 32-story office building and a corporate headquarters for a Fortune 500 company (both still standing). Tom lives with his wife and family in the mountains near Park City, UT.

About the Host of Risk Roundup
Jayshree Pandya (née Bhatt) is a visionary leader, who is working passionately with imagination, insight and boldness to achieve “Global Peace through Risk Management”. It is her strong belief that collaboration between and across nations: its government, industries, organizations and academia (NGIOA) will be mutually beneficial to all—for not only in the identification and understanding of critical risks facing one nation, but also for managing the interconnected and interdependent risks facing all nations. She calls on nations to build a shared sense of identity and purpose, for how the NGIOA framework is structured will determine the survival and success of nations in the digital global age. She sees the big picture, thinks strategically and works with the power of intentionality and alignment for a higher purpose—for her eyes are not just on the near at hand but on the future of humanity!
At Risk Group, Jayshree is defining the language of risks and currently developing thought leadership, researching needed practices, tools, framework and systems to manage the “strategic and shared risks” facing nations in a “Global Age”. She believes that cyberspace cannot be secured if NGIOA works in silo within and across its geographical boundaries. As cyber-security requires an integrated NGIOA approach with a common language, she has recently launched “cyber-security risk research center” that will merge the boundaries of “geo-security, cyber-security and space-security”.
Previously, she launched and managed “Risk Management Matters”, an online risk journal and one of the first risk publications, publishing “Industry Risk Reports of Biotechnology, Energy, Healthcare, Nanotechnology, and Natural Disasters” over the course of five years. Jayshree’s inaugural book, “The Global Age: NGIOA @ Risk”, was published by Springer in 2012.

About Risk Roundup

“Risk Roundup” is an “integrated strategic security risk dialogue” for nations: its government, industries, organizations and academia (NGIOA) in cyberspace, geospace and space (CGS). Risk Roundup is released in both audio and video format and is available for subscription at (Risk Group WebsiteiTunesGoogle PlayStitcher RadioAndroid, and Risk Group Professional Social Media).

About Risk Group
Risk Group believes that risk management, security and peace walk together hand in hand. Though security is related to management of threats and peace to the management of conflict, risk management is related to management of security vulnerabilities as well as management of conflict, and it is not possible to conceive any one of the three without the existence of the other two. All three concepts feed into each other. Risk Group believes that the security we build for ourselves is precarious and uncertain until it is secured for everyone across nations. Tradition becomes our security-so if we build a culture of managing risks effectively it will lead us to security and security will lead us to peace!

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