Building the Case for Cybersecurity Funding

Craig Duckworth and Jim Cook discuss the critical yet often overlooked topic of budgeting for operational technology (OT) cybersecurity.

Throughout their discussion, they address the challenges and necessities of securing funding from executive teams, framing the conversation around liability, risk management, and the dire need for strategic investment to safeguard critical infrastructure.

They highlight the nuanced divide between IT and OT responsibilities and emphasize the vital role of clear communication in making cybersecurity a top priority for corporate budgeting.

By exploring real-world scenarios and the potential consequences of neglecting cybersecurity in OT, this episode serves as a compelling call to action for organizations to reassess their approach to cybersecurity funding and strategy, ensuring they are adequately prepared to handle emerging threats in an increasingly connected world.

Chapters:

• 00:00:00 - Welcome to Velta Technology: Introductions and Today's Focus
• 00:01:31 - Navigating the Budget Cycle for OT Cybersecurity
• 00:02:11 - Bridging the IT-OT Divide: Whose Responsibility Is Cybersecurity?
• 00:04:51 - Building the Business Case for OT Cybersecurity Funding
• 00:09:49 - Understanding the Real-World Impacts of Cybersecurity Failures
• 00:11:43 - Strategies for Addressing OT Cybersecurity: From Awareness to Action
• 00:16:03 - Leveraging Technology and Building Capability for Cybersecurity
• 00:20:58 - Making the Case to Executives: Risk Management and Cybersecurity Insurance
• 00:22:41 - Exploring Options and Taking Action Against Cybersecurity Threats
• 00:28:12 - Navigating Cyber Insurance: Adjusting to New Realities in Risk Coverage
• 00:33:37 - Concluding Thoughts: The Importance of Starting Cybersecurity Initiatives

Links And Resources:

• Velta Technology
• Dino Busalachi on LinkedIn
• Jim Cook on LinkedIn
• Craig Duckworth on LinkedIn

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