Cybersecurity: Understand Your Risk

Cybersecurity is the protection of information and systems from attack, damage, and unauthorized access. Cyber criminals aim their attacks at sensitive data of organizations stored on computers and in the cloud.  When sensitive data is exposed, it puts the firm at risk of extortion, serious business disruption, data loss, and possible litigation. There is a clear need in the middle market for more enhanced cybersecurity. NCMM Executive Director Tom Stewart talks about this issue with Vishal Chawla, Principal in Grant Thornton’s Business Risk Services and Dmitry Kuchynski, Security Principal/Global Security Advisory Services at Cisco Systems. 00:00 Introduction to the Podcast 00:24 Introducing Today's Cybersecurity Topic 00:37 Partnerships Supporting the Podcast 01:06 Meet the Cybersecurity Experts 01:13 Why is cybersecurity considered important by mid-sized companies? 02:12 Why is there a gap between what companies say about the importance of cybersecurity and what they actually do about it? 02:59 Assessing Cyber Attack Risks 04:01 Are there industries that are particularly at risk or is the risk across all industries when it comes to cyber threats? 06:31 Understanding Ransomware Threats 08:27 What are the essential components of a cybersecurity response plan? 14:37 Creating Tailored Incident Response Plans 19:46 What are the dos and don'ts of outsourcing cybersecurity to a cloud services provider for a mid-sized company? 21:13 Cisco's Approach to Cybersecurity 24:45 Investing in Cybersecurity for Growth 27:08 Human Factors in Cybersecurity 31:39 Compliance and Secure Processes 33:52 Cybersecurity Resources and Closing Remarks