The Federal Trade Commission’s data security hearings, held in December of 2018 in Washington, D.C., took a hard look at the escalating threat environment and the demand for truly effective solutions.

The ‘Data Security Assessments’ panel included experts from the cybersecurity, insurance, accounting and finance industries, and centered on hypothetical scenarios where CISOs would need to undertake security assessments.

“The biggest vulnerability we face today and in the future is the misperception of risk.”

– Malcolm Harkins, Cylance

Panelist Malcolm Harkins, Chief Security and Trust Officer for Cylance, often, Harkins cast himself in the role of contrarian, challenging the conventional wisdom of security and shedding light on security approaches beyond simply “throwing bodies” at the problem.

Part 1 of our discussion focused on the costs of security, the economic incentives for third party assessors, and the advantages and limits of cyber insurance.

Listen to Part 1 here

and be sure to come back for Part 2, featuring Malcolm’s insights on risky security assumptions, the FTC’s role in enforcement of data security regulations, and whether we’re even focused on the right issues.