PrOTect It All

OT Risk Management That Works: Asset Visibility, Risk Quantification & CISO-Level Strategy


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You can’t manage risk you can’t measure - or even see.

In this episode of Protect It All, host Aaron Crow sits down with Nicholas Friedman to explore how organizations can move beyond compliance and build real, measurable cybersecurity programs across IT and OT environments.

With experience spanning banking, aerospace, and critical infrastructure, Nicholas shares how risk management principles translate across industries - and why understanding business context is critical to protecting operational systems.

This conversation dives into one of the biggest challenges in OT today: asset visibility and risk quantification. From outdated spreadsheets to modern automation, Aaron and Nicholas break down what it actually takes to understand exposure, justify investment, and communicate risk at the board level.

You’ll learn:

  • Why asset inventory is the foundation of OT security
  • How to move from compliance checklists to real risk reduction
  • The importance of risk quantification for CISOs and executives
  • How to communicate cybersecurity in business and financial terms
  • The role of automation and knowledge transfer in scaling security programs
  • Lessons from banking and aerospace applied to utilities and critical infrastructure
  • Whether you’re leading a cybersecurity program, managing OT environments, or presenting to the board, this episode delivers practical strategies to align security with business value and measurable outcomes.

    Tune in to learn how to turn cybersecurity into a risk-driven, business-aligned strategy - only on Protect It All.

    Key Moments: 

    05:14 Understanding business risk basics

    08:40 Building effective OT cybersecurity teams

    13:26 Challenges with aging IT and OT systems

    14:19 Organizing IT and OT assets

    18:31 Understanding OT and IT risks

    21:53 Evaluating security risks and priorities

    25:31 Improving asset deployment and management

    29:14 Evaluating and prioritizing risks

    31:12 Shifting focus to success plans

    35:59 Selling tech that delivers results

    37:22 Hands-on approach to cybersecurity

    42:39 Challenges with NERC audit processes

    44:47 Balancing compliance and security

    49:45 Challenges in power utility operations

    51:55 AI, OT, and risk management

    56:31 Importance of early compliance planning

    About the guest : 

    Nicholas Friedman is an enterprise risk and governance leader with 25+ years of experience across Fortune 500 companies and government sectors. He specializes in integrated risk management, compliance, and AI governance - helping organizations build scalable frameworks that align security, risk, and business resilience.

    How to connect Nicholas Friedman : 

    Linkedin :  https://www.linkedin.com/in/nicholasfriedman/

    Website : https://www.templarshield.com/

    Connect With Aaron Crow:

    • Website: www.corvosec.com 
    • LinkedIn: https://www.linkedin.com/in/aaronccrow
    • Learn more about PrOTect IT All:

      • Website: https://protectitall.co/ 
      • X: https://twitter.com/protectitall 
      • YouTube: https://www.youtube.com/@PrOTectITAll 
      • FaceBook:  https://facebook.com/protectitallpodcast
      • To be a guest or suggest a guest/episode, please email us at [email protected]

        Please leave us a review on Apple/Spotify Podcasts:

        Apple   - https://podcasts.apple.com/us/podcast/protect-it-all/id1727211124

        Spotify - https://open.spotify.com/show/1Vvi0euj3rE8xObK0yvYi4

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        PrOTect It AllBy Aaron Crow

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