Dave DeWalt Advocates for Cybersecurity as a Core Business Issue

What's Happening?

Dave DeWalt, founder and CEO of NightDragon, emphasizes the importance of integrating cybersecurity into core business strategies during a discussion on the podcast Safe Mode. DeWalt argues that cybersecurity should be a first-order business issue rather than an afterthought. He highlights the need for boards and portfolio companies to prioritize cyber risk management, especially in the context of emerging technologies and remote work reshaping risk profiles. The conversation also touches on the role of Chief Information Security Officers (CISOs) in board discussions and the importance of training and metrics to enhance cybersecurity across non-technical teams. DeWalt stresses the need for enterprise-wide accountability and the importance of boards demanding relevant information to prioritize risks effectively.

Why It's Important?

The integration of cybersecurity into business strategies is crucial as companies face increasing threats from cyber attacks. By prioritizing cybersecurity, businesses can protect their assets, maintain customer trust, and comply with evolving regulations. The discussion underscores the need for leadership outside of IT to take ownership of cyber risk, which can lead to more comprehensive and effective risk management strategies. This approach can benefit industries such as power and aviation, where cybersecurity is critical to operational safety and regulatory compliance. Companies that successfully integrate cybersecurity into their core strategies may gain a competitive advantage by safeguarding their operations and reputation.

What's Next?

As cybersecurity becomes a more prominent issue, companies may need to reassess their governance structures to ensure that cybersecurity is adequately represented at the board level. This could involve appointing CISOs to board positions or enhancing board training on cybersecurity issues. Additionally, businesses may need to adapt to new regulations and threat environments, requiring ongoing updates to their cybersecurity strategies. Stakeholders, including political leaders and industry regulators, may push for more stringent cybersecurity standards, influencing how companies approach risk management.