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How have perceptions and appetite for risk changed over the past 5 years? In this episode of Security Visionaries we speak to the man who literally co-wrote the book on risk, Jack Freund, Chief Risk Officer at Kovrr, along with a CIO and CISO who has worked for more than one global financial institution, David Fairman CIO & CSO – APAC at Netskope, to try to better understand how cyber risk sits within broader organization risk decisions.

I think we’ve all become much more aware of how interconnected everybody is and that brings with it benefits clearly, and it also brings with it some risks that we need to account for…. I think that’s going to have significant shifts in the way that we assess risk, that we think about identifying risk.

—Jack Freund , Chief Risk Officer at Kovrr
Jack Freund, Chief Risk Officer at Kovrr

 

Timestamps

*(0:01): Introduction*(17:07): How important is it that we trust the people in the processes of risk assessment?
*(1:26): Why is it important to understand your organizational risk level?*(23:04): How does effective communication of risk and the programs in place to manage risk relate to an organization's actual comfort with the risk they have?
*(3:15): How many companies actually understand what their risk appetite is?*(27:49): Are there any words risk management folks use that don’t connect with organizations?
*(8:00): How have things changed around risk appetite in particular in the last five years?*(29:57): Why do some legal teams have discomfort that legal teams sometimes have about the very idea of risk assessment and risk quantification?
*(9:56): How does third-party risk fit in?*(31:43): Are there any material upsides beyond mitigating the risks?
*(12:16): Do you think as risk potentially becomes more complex it becomes harder to perhaps predict and capture risk?*(34:39): Conclusion
*(14:18): How have high profile cyber incidents in Australia had an impact on risk conversations?

 

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On this episode

Jack Freund
Chief Risk Officer at Kovrr

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Jack Freund

Jack Freund is a leading voice in Information Risk measurement and management. He is an expert at using risk quantification to implement, mature, and sell information risk and security programs. He has attracted and developed staff to build state of the art risk analysis and decision making programs. Jack has spearheaded strategic shifts in IT Risk by leading his staff in executing multi-million dollar efforts in cooperation with other risk and control groups.

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David Fairman
Chief Information & Chief Security Officer APAC

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David Fairman

David is a highly experienced professional in the Security & Financial Crime disciplines covering Cyber Security, Fraud and Financial Crime, Intelligence, Business Continuity, Physical Security and Operational Risk. David has worked for, and consulted to, several large financial institutions and Fortune 500 companies, across the UK & EU, North America and APAC. David is a passionate leader in Cyber Security and Financial Crime and has been actively involved in founding several industry alliances and expert groups, holding Board positions, across multiple regions with the aim of making it safer to do business and transact in the digital world.

David has been recognised as one of the Top CISOs to know, is a published author and adjunct professor. A core capability of David’s is his ability to understand the operational risks arising from digital commerce and translate these into strategic actions encompassing technological solutions and organisational capability maturity, in order to transform organisations abilities to manage all aspects of cyber and digital risk. David’s current focus is driving collaboration and innovation across the industry to address current and emerging threats prevalent with digital risk and improve the cyber resiliency and literacy in the community.

Emily Wearmouth
Director of International Communications and Content at Netskope

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Emily Wearmouth

Emily Wearmouth runs Netskope’s communications across EMEA, LATAM, and APAC. Working across public relations, social media, customer references and content creation, Emily keeps busy unearthing stories and telling them in a way that helps customers and prospects understand what Netskope can do for them.

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Jack Freund

Jack Freund is a leading voice in Information Risk measurement and management. He is an expert at using risk quantification to implement, mature, and sell information risk and security programs. He has attracted and developed staff to build state of the art risk analysis and decision making programs. Jack has spearheaded strategic shifts in IT Risk by leading his staff in executing multi-million dollar efforts in cooperation with other risk and control groups.

LinkedIn logo

David Fairman

David is a highly experienced professional in the Security & Financial Crime disciplines covering Cyber Security, Fraud and Financial Crime, Intelligence, Business Continuity, Physical Security and Operational Risk. David has worked for, and consulted to, several large financial institutions and Fortune 500 companies, across the UK & EU, North America and APAC. David is a passionate leader in Cyber Security and Financial Crime and has been actively involved in founding several industry alliances and expert groups, holding Board positions, across multiple regions with the aim of making it safer to do business and transact in the digital world.

David has been recognised as one of the Top CISOs to know, is a published author and adjunct professor. A core capability of David’s is his ability to understand the operational risks arising from digital commerce and translate these into strategic actions encompassing technological solutions and organisational capability maturity, in order to transform organisations abilities to manage all aspects of cyber and digital risk. David’s current focus is driving collaboration and innovation across the industry to address current and emerging threats prevalent with digital risk and improve the cyber resiliency and literacy in the community.

Emily Wearmouth

Emily Wearmouth runs Netskope’s communications across EMEA, LATAM, and APAC. Working across public relations, social media, customer references and content creation, Emily keeps busy unearthing stories and telling them in a way that helps customers and prospects understand what Netskope can do for them.

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