11:00 a.m. Pacific standard time
Beating cybercrime: a boardroom issue
Beating cybercrime: a boardroom issue
Cybercrime: just another business risk
It’s time for all companies, no matter their size or industry, to treat spending on cybersecurity as just another cost of doing business. That was the key takeaway from the panel, “Beating cybercrime: a boardroom issue.”
Panelists urged all companies to invest in cybersecurity, even if they think they are not at risk. The point was driven home when an anonymous on-site poll revealed that more than 50% of session attendees had been the victims of a cyber attack.
Cynthia Cohen of Strategic Mindshare explained, “You think you’ve plugged all the holes and you’ve protected yourself, but the world keeps changing, and there’s a new risk every day.”
“I always ask CEOs, ‘If you were to get that call first thing tomorrow morning saying that you’ve been breached, do you know the course of action?’” added Phyllis Newhouse of Xtreme Solutions. “Alarmingly, a lot of them say, ‘I’m not sure what we would do.’”
Panelists agreed that the C-suite — rather than learn the complexities of the technology — should focus on two things: being prepared and having a crisis plan. And they must treat it like any other business risk and keep it high on the agenda. At Caterpillar Inc., said Mike Zachman, “It’s acknowledged that it’s not the CIO’s problem; it’s a business problem.”
Shawn Henry of CrowdStrike Services added, “This is a risk we will be facing indefinitely. I see it like a lot of [chronic] diseases. It’s something that we have to learn to manage.”
Principal, Ernst & Young LLP
EY Americas Cybersecurity Leader
Bob Sydow is the EY Americas Cybersecurity Leader and a partner of Ernst & Young LLP. He manages both the firm’s security advisory practice as well as the EY Americas Advanced Security Centers. In his role with Ernst & Young LLP, he advises clients on the assessment, architecture and transformation of their security capabilities. Bob has over 30 years of experience working with complex technology programs. He is a frequent speaker on advanced security topics and advises senior management and boards of directors on cyber-related topics.
Founder & President
Cynthia Cohen is a prominent retail consultant and experienced board member. She is considered a leading authority on strategy, consumer trends and digital marketing. Over the last 20 years, Cynthia has served on 11 public boards of directors. She is currently a member of the board of Equity One and Steiner Leisure, and several digital start-ups. Her experience includes Lead Independent Director and Chairman of Audit, Compensation and Governance Committees. Cynthia has spoken at The Institute of Internal Auditors, Outstanding Directors Exchange and Women Corporate Directors conferences. She has taught NACD seminars on best practices in corporate governance.
President & CSO
Shawn Henry leads a world-class team of cybersecurity professionals helping organizations protect their most sensitive data from targeted threats. Shawn retired from the FBI as Executive Assistant Director after 24 years, responsible for all criminal, cyber and international investigations worldwide. He oversaw some of the most significant cyber investigations spanning the globe, including major corporate breaches and nation-state-sponsored intrusions. Shawn has been a keynote speaker on cyber issues in venues around the world and has been featured extensively on network television and in print and online publications. Shawn’s professional recognition includes the Presidential Rank Award for Meritorious Executive; inclusion in SC Magazine as a top industry pioneer who shaped information security; and identification as one of the most influential people in security by Security Magazine.
Co-Founder and CEO
Xtreme Solutions, Inc.
Phyllis W. Newhouse is the CEO and Co-founder of Xtreme Solutions, Inc. Phyllis is a retired United States Army noncommissioned officer. She has worked tirelessly as an advocate for homeless veterans in Atlanta. She is a member of the National Association of Women Business Owners and the Women Presidents’ Organization. She has received numerous awards. She was recently selected as the 2014 Womenetics POW! Award recipient. She was a winner of EY Entrepreneurial Winning Women™ 2013. Phyllis currently serves on the Board of Directors for Girls Inc. and the Enterprising Women magazine Board of Advisors.
Chief Information Security Officer
As Chief Information Security Officer for Caterpillar Inc., Mike has global responsibility for Information Security and is currently leading the enterprise’s Information Security Transformation program to dramatically improve Caterpillar’s capability to protect, detect and respond to information security risks. Mike joined Caterpillar in 1988 and has performed many technical and leadership roles in Information Technology infrastructure and applications, including two assignments in Europe. Mike also has several years of leadership experience within both Internal Audit and Enterprise Risk Management. Mike holds a BS in Management Information Systems from Millikin University and an MBA from Bradley University.