In this episode of Banking on Information, Jon Waldman, president and co-founder of SBS Cybersecurity, discusses the importance of understanding cybersecurity risks, especially for organizations in regulated industries like banking. He emphasizes the need for continuous learning and adaptation in the face of evolving technology, including AI and quantum computing. Waldman outlines various use cases for cybersecurity solutions, the value of expertise in the field, and the necessity for organizations to prepare for future challenges in cybersecurity.

Keywords: cybersecurity, risk management, information security, AI, banking, compliance, technology, future trends, expertise, automation

Takeaways

• Our passion lies in helping clients understand cybersecurity risk.
• Banks are experts at lending, not cybersecurity.
• We help clients build and manage information security programs.
• Testing and validation are crucial for cybersecurity effectiveness.
• Continuous learning is essential for staying relevant in cybersecurity.
• The future of banking will be heavily influenced by AI and quantum computing.
• Cybersecurity will continue to evolve with technology advancements.
• Organizations need to adapt to the fast-paced changes in technology.
• The bad guys have access to the same technology as we do.
• Mitigating risk is a constant challenge in cybersecurity.

Chapters

00:00 Understanding Cybersecurity Risks

02:58 Building Information Security Programs

06:02 The Value of Cybersecurity Expertise

08:56 Futures Thinking in Cybersecurity

11:52 Preparing for the Future of Cybersecurity

Sound Bites

"Banks are technology companies today."

"Everything is going to be real time."

"AI is a tool today to use."