))
#35 - The Hidden Costs of Regulating Cybersecurity and AI Privacy - Michael Nouguier, CISO @Richey May
Manage episode 463872875 series 3489779
Content provided by Bruyning Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bruyning Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
On this episode of Cybernomics, Josh explores the Hidden Costs of Cybersecurity Regulations and conducts a cost-benefit analysis with Michael Nouguier, CISO at Richey May, and our guest co-host, Igor Volovich, former CISO at Invensys and Schneider Electric.
Hidden Costs of Regulating Cybersecurity:
- Compliance costs (audits, certifications, and technology upgrades).
- Administrative overhead (documentation, employee training, and legal fees).
- Reduced innovation due to diverted resources.
- Competitive disadvantage for small businesses.
- Market fragmentation from jurisdictional variations.
- Fines and penalties for non-compliance.
- Reputational damage from perceived over-regulation.
Hidden Costs of Deregulating Cybersecurity:
- Increased risk of breaches.
- Erosion of consumer trust.
- Economic impact of large-scale cyber incidents.
- Disparity between large and small businesses.
- Reactive costs post-incident.
- Reputation and brand damage.
- Regulatory whiplash creating inefficiencies.
- Global trade implications due to weak cybersecurity standards.
Join us as we speculate on how the incoming administration might reshape the regulatory landscape, referencing historical shifts and future trends.
Chapters
1. #35 - The Hidden Costs of Regulating Cybersecurity and AI Privacy - Michael Nouguier, CISO @Richey May (00:00:00)
2. Impact of Cybersecurity Regulation on Businesses (00:00:09)
3. Impact of Cybersecurity Compliance on Businesses (00:18:36)
4. Balancing AI Implementation With Security (00:29:05)
5. The Value of Cybersecurity Compliance (00:41:33)
6. Convergence of Compliance and Security (00:48:46)
7. Maximizing Cost Savings Through Convergence (01:01:08)
48 episodes
Share
