SC 81: Addressing the Growing Cybersecurity Threat in 2016 with Jason Witty, U.S. Bancorp CISO
The overall cost of cyber crime in 2015 to the world economy as a whole was estimated at a conservative $575 billion, according to research. Breaches are growing in number and sophistication.
According to Jason Witty, Executive Vice President and CISO at U.S. Bancorp, there are five major sources of information security threats and they are continuing to evolve dramatically.
He identified five high-level classifications which include: insider threats, organized crime, hactivists, terrorists, and nation states.
But as Witty tells Security Current’s Vic Wheatman there is a light at the end of the tunnel. Using security frameworks and taking advantage of new legislation that supports threat information sharing among organizations are some of the most viable approaches to combating the increasingly sophisticated and emerging threats. Hear about these topics, as well as the growth in business email compromise, in this conversation.