Headwaters’ Aerosapce, Defense, Government & Security team recently attended the Cyber Security Finance Forum, held in Washington, DC.
High level meeting of senior level Executives, Governmental Officials, and Capital Providers.
Innovative companies Chenega Integrated Security Solutions, Watchful Software, Tyfone, ICF International, CyberBrrier, Haystax, Norse Corporation and SnoopWall presented unique solutions for addressing today’s cyber threats.
The magnitude of the cyber security threat continues to grow exponentially. There is no easy answer to protecting our intellectual property, data and information and way of life. Escalations in time, effort and resources are necessary.
- The National Cyber Security Center of Excellence is responding to the challenge through a combination of education, technology and suggested standards. Public/private partnerships are important vehicles to achieve best practices and efficiencies in combating the threat.
In addition to the basic security threat, corporations could potentially face the risk of legal liability if their cyber security measures do not meet certain standards. There is a strong likelihood that the NIST cyber security framework will be adopted as the de facto standard for negligence, thus creating another compliance cost.
Allegis Capital’s Bob Ackerman commented that better cyber security is crucial to enabling continued innovation and growth. Therefore, cyber security needs to become a basic component of the ecosystem such that it is part of the original design (“organic security”) rather than an after thought. While it’s really all about protecting the data, unfortunately, “there is no silver bullet.”