BullWall’s Troels Oerting on Keeping the World Safe from Cyber Crime

In this week's episode of the Future of Cyber Risk podcast, David speaks to Troels Oerting, Chairman of the Board at BullWall. They discuss the insights Troels has learned across his long career in global cybersecurity leadership, which include how to build bridges of cooperation and communication between public and private entities, industries, and countries to better combat cybercrime. They also discuss the gaps in today’s cybersecurity landscape, the importance of running exercises to practice for imminent threats, and what the future of cyber risk will look like.

Topics discussed:

• The evolution of Troels' deep career in cybersecurity, starting as a police officer, to serving as CISO at Barclays, to becoming the Director of the Global Center for Cybersecurity at the World Economic Forum.
• How international collaboration around cybersecurity has changed, and why there's the need for more cooperation and bridge-building between countries.
• Key lessons learned from being a CISO at Barclays, like why there needs to be more communication across the industry and how banks "put their money where their mouth is" to form a cyber alliance.
• The need for the public and private sector to work together on exchanging information in a non-punitive way that benefits both parties.
• Significant gaps in the current cybersecurity landscape, and how governments and organizations can work to manage better security approaches.
• Three elements of the future of cybersecurity, including the increase in normalization of the risk, more risk-based approaches to security, and a new focus on resilience.
• How to use exercises and practice to prepare for future hacks — and why it's essential to invite the board to participate.