The importance of cybersecurity extends beyond its defensive capabilities. It has the potential to drive an organization’s success, foster trust, and enable innovation. In a recent episode, host Erica Toelle spoke to Nashid Shaker, AVP Information and Cyber Security at Canadian Western Bank Financial Group, and Antonio Maio, Managing Director at Protiviti, about how organizations can strategically create a cybersecurity plan that aligns with their business goals.
Nash Shaker is an experienced and innovative cybersecurity leader who is passionate about orchestrating secure digital transformations that fuel growth. With a background in strategic planning and cybersecurity, he understands the importance of developing a comprehensive cybersecurity strategy.
During the discussion, one of the key topics addressed was the need for organizations to regularly re-evaluate their cybersecurity strategy. As technology continues to evolve, so do the tactics used by cybercriminals. It is essential for organizations to stay ahead of these threats and adjust their strategies accordingly. This re-evaluation should also take into account the growing use of artificial intelligence (AI) in cybersecurity. Cybersecurity leaders must anticipate how AI will be utilized by threat actors in the future and prepare their defenses accordingly.
Looking ahead, Shaker and Maio shared their predictions for cybersecurity in the next 2-4 years. They emphasized the importance of proactive measures such as threat hunting and intelligence sharing to identify and mitigate emerging threats. Additionally, they highlighted the need for organizations to prioritize cybersecurity education and training for employees to ensure they are equipped to recognize and respond to potential cyber threats.
Another topic discussed was the top risk that organizations tend to overlook. Shaker and Maio pointed out that insider threats, whether intentional or unintentional, are often underestimated. Organizations should implement measures to detect and monitor suspicious activities within their network to mitigate the risks associated with insider threats.
When it comes to engaging with the c-suite, the panelists provided tips for cybersecurity leaders. They emphasized the importance of effective communication, showcasing the potential impact of cybersecurity on the organization’s overall mission and bottom line. By demonstrating how cybersecurity can enhance business operations and protect sensitive data, leaders can gain buy-in from executives and secure the necessary resources to implement robust security measures.
Furthermore, the discussion explored how cybersecurity can contribute to an organization’s bottom line or mission. Shaker and Maio highlighted that a strong cybersecurity posture can enhance customer trust and confidence, leading to increased business opportunities and revenue. Additionally, by safeguarding sensitive data and intellectual property, organizations can protect their competitive advantage and avoid costly breaches or data loss incidents.
To further explore these topics, listeners were provided with resources such as LinkedIn profiles of the guests, as well as other related Microsoft podcasts. These additional resources offer valuable insights and perspectives on cybersecurity from various industry professionals.
The podcast episode concluded with the acknowledgment that “Uncovering Hidden Risks” is produced by Microsoft and distributed as part of The CyberWire Network. This partnership highlights the importance of collaboration and knowledge-sharing among industry leaders to address the ever-evolving cybersecurity landscape.
In summary, the episode highlighted the need for organizations to develop a strategic cybersecurity plan that aligns with their business goals. Cybersecurity leaders must stay vigilant in re-evaluating their strategies, anticipate the future use of AI in cyber threats, and prioritize proactive measures to mitigate emerging risks. By effectively engaging with the c-suite and showcasing the impact of cybersecurity on the organization’s bottom line, leaders can secure the necessary resources to implement robust security measures. Ultimately, a strong cybersecurity posture can contribute to an organization’s success by fostering trust, enabling innovation, and protecting valuable assets.