Episode 3: Cyber & Security

Key insights you’ll hear in this podcast

• Protecting the Digital Thread: Safeguarding the foundation of product development is crucial. Companies must protect financial information, security and export controls. Risks are increasing with cloud exposure and external devices. Prioritisation and comprehensive protection are necessary to reduce the impact of cyber threats.
• Investment in Cyber Security: Investing in cyber security is essential to mitigate cyber threats. It requires top-level buy-in and significant investment to address immediate challenges and risks.
• Third-party risk: Understanding data destinations and access is vital to mitigate 3rd party risks. Malicious code in software updates can compromise multiple companies.
• Cyber Security and Cultural change: Cyber security involves cultural change and stakeholder engagement. Mapping critical processes and value chain and communicating their impact to the board is key.
• Objectives of Cyber Security: Objectives of cyber security include reducing the blast radius, detecting threats early, and preparing for worst-case scenarios. Response and recovery plans are crucial for minimising impacts and facilitating quick recovery.