Success That Lasts

The Importance of Cybersecurity with David Buchanan

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David Buchanan is a partner at Delap LLP and serves as their Chief Information Security Officer. He is also a participant in the X9 F6 Working Group, an organization dedicated to the development of security standards for the retail payments industry. David has spent his entire career helping companies protect and manage their cybersecurity exposure. He joins Jared Siegel to discuss the importance of cybersecurity and cybersecurity education programs.


Here are a few highlights from their conversation:

  • Technology transforms your capacity to continue to work and add value remotely. It can, however, also increase the efficacy of bad actors looking to steal information and monetize it, Jared warns. Hackers are very active in the current pandemic.
  • According to David, the cybersecurity industry’s market value was $156 billion in 2019. The estimated value for 2020 pointed towards $165 billion, which is expected to increase up to $248 billion by 2023.
  • Today’s global connectivity grants us many conveniences and privileges. However, we are now more reliant on technology and therefore more open to a wider variety of security breaches. 
  • Jared asks David about his approach to cybersecurity. David shares questions he likes to ask clients to get a gist of what needs to be done. You should be aware of what’s in your environment as it pertains to information storage and how it sprawls, he says.
  • David understands that non-cybersecurity organizations only have a finite amount of resources they can allocate towards cybersecurity. While you need to be aware of your security, you don’t need to be an expert, he remarks. 
  • Social engineering is defined by David as someone using a sense of urgency or supposed authority to convince you into performing an action or divulging information you normally wouldn’t. They usually deceive you by pretending to be someone who has your trust or who has authority over you, to request information. 
  • Implementing security awareness training is one of the highest impact, lowest cost things you can do to improve your risk management posture.  
  • David talks about the origins of Delap’s cyber practice. What makes it unique is that it was developed at Delap, by Delap employees.


    • Resources

    David Buchanan on LinkedIn | Twitter

    DelapCPA.com

    Delap Cybersecurity Blog

    Delap Cybersecurity News

    ...more
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    Success That LastsBy Jared Siegel
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