Thomas Bennett, Executive Chairman, CEO Mentor, Incubator Venture Capitalist, and a Board Member participates in Risk Roundup to discuss why Corporate Boards need Cyber-security Expertise.
Corporate Boards Need Cyber-Security Expertise
Do Corporate boards need cyber-security expertise? What is the role and function of a corporate board?
One of the key functions of corporate boards has historically been to balance risk against the ability to generate revenue and profit. Everything has risks and risks are inevitable. It is the ability to take risks that give individuals and entities across nations: its government, industries, organizations, and academia (NGIOA), the possibility of progress and advancement.
Irrespective of individuals or entities across NGIOA, progress, and advancement are all about risk-taking. But when risk transcends individuals, initiatives, businesses, industries, borders, nations, societies, and human existence, taking timely and relevant risk initiatives is a necessary forward-looking move.
Cyberspace has brought complex, chaotic, and challenging times for each individual and entity across NGIOA: large and small, public or private in cyberspace, geospace, and space (CGS). As cyberspace is deeply embedded across each component of an NGIOA, its crowded interconnections have caught everyone off guard.
Irrespective of NGIOA, cyber breaches are seemingly becoming a new norm and cyber-security is no longer an IT problem. The digital global age has made cyber-security everyone’s problem. When cyber-security has become everyone’s problem, the board needs to begin by understanding what exactly is a cyber-security risk and how does cyberspace and cyber-security risks change their traditional corporate board roles and responsibilities.
From information security, network security, data security to strategic security, understanding, and expertise around security risks coming from cyberspace and because of cyberspace in geospace and space is now becoming an absolute survival necessity—even for boards.
While, keeping up with the complex, rapidly evolving risks from cyberspace, geospace and space is a complex challenge, understanding what is at risk is even a bigger challenge. Time is now to talk about why corporate boards need cyber-security expertise.
For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast
About the Guest
Tom Bennett has been an Incubator Venture Capitalist, CEO, Board Director, and entrepreneur with a track record of taking venture-backed startups from concept to market leadership into profitable liquidity events.
He is a nationally recognized domain expert in both offensive and defensive cyber-security across all aspects of the kill chain. Tom has previously held high Department of Defense security clearance and has worked with multiple agencies on national cyber-security defense and operations initiatives.
Currently, Tom is an operational independent board director for cyber-security leaders Dragos Security and ThreatSTOP. He was previously the independent board director for Cylance where he remains on the board of advisors and served as Executive Chairman for Veracity Security Intelligence. Tom is also a member of the National Association of Corporate Directors (NACD) and the American College of Corporate Directors (ACCD).
An avid outdoor athlete, Tom is a lifelong skier, surfer, and (more recently) kiteboarder, and has competed in 3 Molokai2Oahu paddleboard races. An Architect in a previous life, he designed a 32-story office building and a corporate headquarters for a Fortune 500 company (both still standing). Tom lives with his wife and family in the mountains near Park City, UT.
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