Jamil Farshchi, Global CISO at Equifax, shares insights into cyber security challenges, emphasising transparency and collaboration as crucial strategies.

Leading Equifax’s transformation post a significant data breach, Jamil stresses the necessity for organisations to publicly disclose their cyber security postures and advocate for collective efforts to combat sophisticated threats.

Through transparency, partnerships, and cultural shifts prioritising security, he highlights the pivotal role of fostering trust and resilience within organisations.

Acknowledging the potential of emerging AI technologies to revolutionise cyber security practices, Jamil also warns of associated risks such as deepfake attacks and AI-driven malware.

Despite challenges, he remains optimistic about AI’s ability to bolster cyber security defences, envisioning a future where autonomous security systems provide comprehensive protection across organisational infrastructures.

Reflecting on cyber security progress in Australia, Jamil notes the increase in maturity of risk programs and growing attention to cyber security.

Despite challenges in engaging with CEOs and boards effectively, he stresses the importance of regular communication and relationship-building to educate them about security risks.

Regarding cyber security insurance, Jamil acknowledges the evolving landscape and recognises insurers’ role in driving improvements through rigorous standards.

However, he cautions against blindly following insurers’ recommendations and advocates for organisations to select partners based on expertise rather than cost.

Additionally, Jamil addresses challenges posed by emerging technologies like AI, stressing the need for multifaceted approaches beyond training and awareness to combat evolving threats effectively.

 

Key Takeaways:

Transparency and collaboration: Transparency and collaboration in cyber security efforts are crucial. Organisations should publicly disclose their cyber security postures and prioritise partnerships to combat sophisticated threats.

Risks and opportunities of AI: AI has the potential to revolutionise cyber security practices by mitigating alert fatigue and enhancing risk assessment. But there are also risks such as deepfake attacks and AI-driven malware.

Despite challenges, there is optimism about AI’s ability to bolster cyber security defences.

Progress in cyber security and insurance landscape: There are encouraging results in Australia’s cyber security measures. However, there is the need for regular communication with CEOs and boards.

Cyber security insurance, driven by insurers’ rigorous standards is evolving but be cautious of blindly following recommendations. Select partners based on expertise rather than cost.

Contributors
Byron Connolly Head of Programs & Value Engagement at ADAPT
Byron Connolly is a highly experienced technology and business journalist, editor, corporate writer, and event producer, and ADAPT’s Head of Programs and... More

Byron Connolly is a highly experienced technology and business journalist, editor, corporate writer, and event producer, and ADAPT’s Head of Programs and Value Engagement.

Prior to joining Adapt, he was the editor-in-chief at CIO Australia and associate editor at CSO Australia. He also created and led the well-known CIO50 awards program in Australia and The CIO Show podcast.

As the Head of Programs, Byron creates valuable insights for ADAPT’s community of senior technology and business professionals, helping them reach their organisational and professional goals. With over 25 years of experience, he has a passion for uncovering stories about the careers and personal philosophies of Australia’s top technology and digital executives.

When he is not working, Byron enjoys hot yoga, swimming, running, and spending time with his family.

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Jamil Farshchi Chief Information Security Officer at Equifax (USA)
Named one of the most influential and innovative Chief Information Security Officers, Jamil has successfully addressed some of the industry’s most significant... More

Named one of the most influential and innovative Chief Information Security Officers, Jamil has successfully addressed some of the industry’s most significant security events (@HomeDepot), protected some of the government’s most sensitive information assets (@LANL), the economy’s most critical systems and networks (@VISA), and the world’s most innovative technologies (@NASA).

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