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In order to keep up, corporate leaders have a continual responsibility to gather relevant information, assess vulnerabilities and solutions and decide where and how to spend on cybersecurity — while forces on the other side of the equation don’t follow rules and are often miles ahead.
Jim Guinn, EY Americas Cybersecurity Leader, recently joined Cheddar news anchor Dave Briggs on the floor of the New York Stock Exchange for a conversation about the critical importance of cybersecurity. Briggs kicked off by saying cybersecurity is “still the most important thing in the world that people aren’t talking about enough.”
Guinn cited a range of factors, notably current geopolitical complexities — that make cybersecurity an urgent and ongoing priority for business leaders at the topmost levels.
In an unstable geopolitical landscape, familiar cyber threats, such as ransomware gangs, are being eclipsed by nation-state actors with different motivations. All are constantly scanning the global horizon for vulnerabilities — entry points that might include corporate leadership changes, market losses, mergers or acquisitions and political transitions that open up windows to malevolent opportunists.
“We have nation-state actors poking and prodding one another to figure out — Can we get in? Can we pre-position? Can we figure out what we might want to do to create a diversion or a distraction for something we might want to go actively do?” Guinn said.