Computer Hardware Risks Are Real, Warns BofA CTO Bessant

The transcript discusses the importance of cybersecurity, highlighting third-party and hardware risks. It emphasizes a multi-layered defense strategy and the role of government in data sharing. The discussion extends to global risks, particularly for companies with international operations, and Bank of America's position in this context. Gender diversity in the workforce is also addressed, noting the challenges in achieving equal representation. The conversation concludes with a focus on future cybersecurity risks and the rapid pace of technological change.

What is considered the greatest source of risk in a company's supply chain?

• Employee negligence

• Market competition

• Third-party and fourth-party risks

• Internal software vulnerabilities

What is emphasized as crucial for effective cyber defense?

• High caliber of talent

• Strict government regulations

• Minimal tech investment

• Outsourcing cybersecurity

How does the speaker view the role of government in cybersecurity?

• As a regulator imposing strict rules

• As a facilitator of information sharing

• As a competitor in the tech market

• As a passive observer

What percentage of the workforce in the speaker's company is women?

• 30%

• 40%

• 50%

• 60%

What is identified as a major challenge in achieving gender diversity in tech disciplines?

• Lack of interest among women

• Insufficient government support

• High competition from other firms

• Low percentage of women in STEM graduates

What is the speaker's main concern for the upcoming year?

• Environmental issues

• Political instability

• Cybersecurity risks

• Economic downturn

What does the speaker believe about the pace of technological change?

• It is slowing down

• It is manageable

• It is irrelevant to cybersecurity

• It may exceed enterprises' ability to keep up