By Jill Knesek, Chief Security Officer, BT Global Services
Last week I had the pleasure of meeting with some of Chicago’s outstanding CISOs and CSOs. We met for dinner to discuss those thorny and gnarly issues that keep us working overtime to make sure that our companies are secure and our employees excel at work. So, what was on our menu that night?
The first hot topic was methods of securing data across companies with disappearing perimeters. BT, like many companies, works to enable its workers to literally work anywhere to boost their productivity and enhance their work-life balance. But as the office walls disappear, new challenges abound.
While we touched on what value firewalls and IDSs provide, much more time was spent discussing endpoint security, such as personal firewalls, antivirus products and good patch management processes. I see particular value in hard disk encryption on laptops, which renders stored data nearly useless to thieves.
Obviously, mobile devices are top of mind for us. Not only do we have to worry about laptops — with more companies supporting a “BYOD” (bring your own device) policy, we have a whole new set of things to be concerned about. For example, it seems inevitable that companies will need to let employees bring their own hardware platform into the workplace. And, while we all love our iPads, iPhones, Blackberries, and Android phones, with hundreds of thousands of apps available for download and many thousands more becoming available each day, how do we secure them? While I wish I could say that we came up with a solution during dinner, this topic, for now, still generates more questions than answers.
The other topic that provoked a great deal of discussion as the economy emerges slowly from recession is how we secure new acquisitions. The biggest problem facing CSOs in this area is — how do we change the culture of a new acquisition without breaking the business model that made them a desirable target? But, the bottom line is that at the end of the day, CSOs are responsible for the security of all company assets, whether organic or acquired. From my view, the key is good communication with the acquired management team and a strong security awareness campaign, since employees remain our first line of defense. After that, it comes down to pure risk management and understanding the biggest threat against the acquired company — and mitigating that piece first.
And, from that discussion, we found ourselves deep in the nitty-gritty of Risk Management. I know this message is getting tired, but the reality is that having a mature risk management program with real stats and data to back up your risk register can be a great tool in communicating at the boardroom level. We can’t be Chicken Little, but we do need to rely on cold hard facts that resonate with the senior management team.
The example I used was how to relate a fraud case to the senior leadership team in terms of revenue lost from the bottom line. For example, if you lose $1 million in a fraud, how much revenue would it take to make up for that net loss? Well, if the revenue was from a service with a 15% margin, it would take nearly $7 million in new revenue to make up for the loss. Putting the cost of crime in terms of revenue helps the CFO and senior management appreciate the importance of reducing crime through security.
By the time we reached dessert, we’d hashed through these and other very interesting topics. And, while we didn’t come up with concrete solutions or definitive answers, we learned a lot from sharing our common experiences and unique responses.
I’d like to thank everyone who came and invite you all to carry on the conversation in cyberspace. Leave a comment below, or let me know what you think in the Security Leaders Group on LinkedIn.
