On March 13, the National Cyber Security Alliance (NCSA) and Nasdaq hosted the 2017 NCSA and Nasdaq Cybersecurity Summit. Held at the Nasdaq MarketSite for the last several years, the summit brings together technical thought leaders to connect and exchange ideas around corporate understanding of risks associated with cybersecurity.
The summit featured Acting Federal Trade Commission (FTC) Chairwoman Maureen Ohlhausen with a fireside chat in which she provided the FTC’s vision and approach to data security. Chairwoman Ohlhausen shared growing industry expectations around cybersecurity training from a legal, operational and regulatory standpoint. Chairwoman Ohlhausen also discussed the importance of taking a process-based approach to ensuring enterprise-wide data security as well as how the FTC looks at reasonable security and the direction of enforcement efforts under her leadership.
Virginia Gambale, Managing Partner of Azimuth Partners, Todd Thibodeaux, President and CEO of CompTIA, and Colleen Valentine, Senior Manager for Information Security Governance & Compliance at Nasdaq joined Jason Crabtree the Co-Founder & CEO of Fractal Industries as panelists to discuss the transition from policy to practice around operationalizing a strategic approach to cybersecurity risk management. The panelists communicated the importance of ubiquitous education concerning cybersecurity and making information readily accessible and easy to interpret across enterprises. The discussion included dialogue around setting a baseline to assess the maturity of an organization’s data security as well as developing a plan that addresses people, process and technology while consistently assessing, monitoring and anticipating cyber threats.
The summit closed with a review of emerging trends in cybersecurity. Panelists discussed increasing trends seen in malware advertising, the exploitation of networking, identity theft, and a growing security gap developing around the Internet of Things (IoT). Making the vital connection between business and security was the departing theme from panelists: Organizations should know what risks affect their businesses and view potential security breaches as a potential loss to their ROI, customer base, bottom line, or future opportunities. When the impact is understood, it encourages innovation and motivates best practices around cyber security.
Learn more about enterprise cybersecurity on Nasdaq’s POINT page, our series for sharing best practices to help companies and their boards prepare for corporate threats.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.