OTC Markets CISO on Ransomware, Regulations Affecting the Financial Services Space
Over the past nine years, OTC Markets Group has gone from having almost no sector-specific cybersecurity regulations to highly robust ones, according to CISO Vlad Brodsky.
The New York-based financial market has been subject to stringent policies and procedures since 2016 to ensure OTC’s cybersecurity and resiliency are on par with the expectations of investors and others who buy and sell stock, Brodsky said. He has also dealt with the emergence of ransomware as a major cyberthreat and has put in significant effort to ensure OTC is as resilient as possible in the face of a potential attack.
“We have to stay nimble in the information security landscape,” Brodsky said. “And that means always paying attention to what the latest threats are and adjusting the strategy for the firm accordingly, both when it comes to regulatory concerns – which change quite frequently – as well as the actual cybersecurity concerns.”
In this interview with Information Security Media Group as part of the CyberEdBoard‘s ongoing Profiles in Leadership series, Brodsky also discussed:
- How to effectively put cybersecurity threats in business terms;
- The new technologies he’s currently most excited about and why;
- Best practices for hiring and retaining talented employees.
Brodsky’s responsibilities include leading OTC’s cybersecurity strategy, program and processes as well as running the firm’s IT operations and infrastructure. In his seven years with the firm, Brodsky has been instrumental in improving OTC’s technology processes and creating a risk-based information security program designed to satisfy business and regulatory requirements. Brodsky previously worked as a chief security officer at Innovest Systems, a SaaS provider in the trust accounting and wealth management space, where he was responsible for all information security.
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