TechCheck+ Cybersecurity Tech with Walmart's Chief Information Security Officer 1/19/23

TechCheck

CNBC

Disruptors, Tech, Technology, Cnbc, Management, Business, Faang, Investing

4.5 • 66 Ratings

🗓️ 19 January 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

CNBC’s Frank Holland sits down with Walmart’s chief information security officer Jerry Geisler at Walmart headquarters in Arkansas to discuss the growing need for cybersecurity during the company’s Global Media Tech event. As the retail giant moves into new lines of business including an online marketplace with more than 100,000 third party sellers and creating an in house Buy Now Pay Later product, Geisler says cybersecurity is crucial to Walmart’s ambitions. They also discuss how Walmart is working to mitigate the shortage of 700,000 cybersecurity professionals in the U.S.

Transcript

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0:00.0	Hello and welcome to this Tech Check Plus live stream. I'm Frank Colin here at
0:05.0	Walmart Global Tech Media Day at Walmart headquarters in northwest Arkansas and I'm
0:09.2	joined by Walmart's chief information security officer Jerry Geisler.
0:12.8	Jerry, thank you so much for your time.
0:14.7	Hey, thanks Frank.
0:15.4	Thanks, Frank, great to be here.
0:16.6	So this is a big day for Walmart.
0:18.0	You're going to talk a lot about tech and your cyber security.
0:20.7	So I want to touch on one thing.
0:22.1	Globally, Walmart has 230 million customers every week and more and more
0:26.0	and more they're paying in digital ways, cards, apps, phones, etc.
0:31.0	How important is cybersecurity to your customers?
0:34.0	Cyber security is critically important to our business who serves our customers.
0:41.0	So as we enable our business by protecting digital ecosystems
0:45.9	and protecting the data and the information
0:48.4	that our customers entrust us with,
0:51.2	from that respect, it is very important to our customers.
0:55.1	So Walmart's slogan is, Save Money, Live Better.
0:57.6	We all know it.
0:58.6	We've seen it on commercials and everything else.
1:00.0	Part of that
1:03.3	the brand promises, not only low prices, but product availability, and as people come and spend their money,
	...

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