Why Cybersecurity Isn’t Only a Tech Problem

HBR IdeaCast

Harvard Business Review

Leadership, Entrepreneurship, Communication, Marketing, Business, Business/management, Management, Business/marketing, Business/entrepreneurship, Innovation, Hbr, Strategy, Economics, Finance, Teams, Harvard

4.4 • 1.9K Ratings

🗓️ 3 December 2019

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Thomas Parenty and Jack Domet, cofounders of the cybersecurity firm Archefact Group, say that most organizations are approaching cybersecurity all wrong. Whether they're running small companies or working in multinational corporations, leaders have to think beyond their IT department and technology systems to instead focus on protecting their businesses' most important assets from attack. They need to work across functions and geographies to identify key risks, imagine potential threats and adversaries, and develop a plan for combating them. Parenty and Domet are the authors of the HBR article “Sizing up your Cyber Risks,” as well as the HBR Press book "A Leader’s Guide to Cybersecurity."

Transcript

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0:00.0	Kurt Nick is here from Ideacast. I want to tell you about the Big Take
0:05.1	podcast from Bloomberg News. Each weekday they bring you one important story
0:10.0	from their global newsroom like how AI will upend your life and why China's
0:15.4	targeting the US dollar. Check out the big take from Bloomberg wherever you listen. Welcome to the HBO Ideacast from Harvard Business Review. I'm Allison Beard. From Apple and J.P. Morgan Chase to Marriott and British Airways, some of the most sophisticated
0:54.0	companies in the world have fallen victim to cyber attacks in recent years.
0:57.4	Business critical activities have been disrupted, customer data has been compromised, and the threats continue.
1:04.0	So what can organizations do to prevent themselves from becoming the next target?
1:09.0	By now, most accept that they need to invest significant cash and resources into
1:14.0	cybersecurity capabilities. But too often this important job is left to IT
1:19.2	leaders rather than the full C-suite and board.
1:23.0	Today's guests say that companies need to take a much different approach,
1:26.8	with leaders at the very top thinking about cyber risks
1:29.9	as not just a technology issue,
1:31.8	but a significant business problem to be solved.
1:35.0	Thomas Prenti and Jack Domet are co-founders of the cyber security firm Archifact Group
1:39.8	and co-authors of the HPR article Sizing Up Your Cyber Risks, as well as the
1:44.4	HBO Press Book, a Leaders Guide to Cybersecurity. Thomas and Jack, thanks so
1:49.3	much for being here. We're so happy to have the opportunity to talk with you today.
1:54.0	Thanks for having us. Presumably a lot of these companies that are hit take some precautions to protect themselves.
2:10.3	So where are they going wrong?
2:12.1	We have come to the realization that essentially worldwide we're failing at cybersecurity
2:18.0	and that in spite of all of the investment in public attention,
	...

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