S1E14 Risk & Reward: The Innovation Equation

In this episode, Daniela, Brian, and Glen dive into the complex relationship between innovation and security with special guest Scott Daukas. They discuss common misconceptions between innovators and risk/security professionals, how to bridge the gap, and the importance of collaboration in building a secure and innovative future. The conversation also explores legacy systems, strategic planning, and the value of early involvement in the innovation process.

Key Takeaways:

• Misconceptions: Innovators are often seen as mavericks disregarding risk, while risk/security professionals are sometimes perceived as roadblocks to progress.
• Bridging the Gap: Education, collaboration, and fostering a culture of shared goals are key to breaking down silos and building trust.
• Early Involvement: Bringing risk and security professionals into innovation discussions early on helps identify potential vulnerabilities and create more resilient products.
• Strategic Planning: Integrating risk management into strategic planning ensures that security considerations are part of the big picture and not just an afterthought.
• Legacy Systems: These pose challenges for innovation, but organizations can adapt by identifying systems of record, utilizing APIs, and strategically investing in upgrades.
• The How, Not the No: Risk and security teams can focus on finding solutions rather than just saying no to new technologies.
• Relationships Matter: Building strong relationships and understanding each other's perspectives leads to better communication and faster decision-making.

Guest:

Scott Daukas, Principal at One Washington Financial, brings over 25 years of experience in the credit union industry, specializing in innovation and strategy.

To our listeners:

Reach out to those who you might typically view as being in opposition to your goals. Engage in conversation, seek to understand their perspective, and discover common ground to drive innovation and security together.

Remember: By fostering collaboration and understanding, we can create a more secure and innovative future.