ISF Podcast10 Dec 2024

S31 Ep2: Cyber Security under a Trump Administration: Thoughts on what lies ahead

In today’s episode, journalist Nick Witchell speaks with Steve for the second of a two-part conversation about the coming Trump administration. Nick and Steve consider how Trump’s famously unpredictable behavior may impact business confidence and the steps business leaders can take to insulate their business from possible market changes.

Key Takeaways:

For business leaders, there is reason to be optimistic about the incoming Trump administration.
Businesses in the US can take a “sit back, wait, and see” approach and await what new policies Donald Trump introduces in the beginning of his presidency.
It’s always wise to invest in cyber resilience.

Tune in to hear more about:

How the incoming Trump Administration can benefit businesses (1:44)
How to “trump-proof” your business (5:02)
The constant need for cyber resilience, no matter who’s leading the country (8:07)

Standout Quotes:

“So what do you expect from any incoming elected leader? Well, you hope for clarity. You hope for a very clear set of guidelines within which you can operate. You hope for removal of ambiguity. You hope for a reduction, I would say, in unnecessary regulation. The opposite of that, that what slows business down is an increase in regulation that is perhaps unnecessary and a lack of clarity. So I think that businesses will be hoping for that clarity.” - Steve Durbin
“I think that certainly focusing more on the need for cyber resilience is something that business leaders need to do. I don't know that I particularly want my government to be telling me what to do. So I very much like being able to run my business in the way that I think is best suited to my needs. I'm not a fan of nanny government. What I am a fan of is clarity in government, understanding from government, and allowing me to get on and do what I'm good at.” - Steve Durbin
“People are desperately looking for some form of guidance, something to trust. And I think that business leaders have a relatively unique opportunity, because we do have huge responsibility to the people that work within our businesses and also to our customers. And there's a significant opportunity, I think, in that, to carve out a path that allows us to be viewed in a way that, yes, suits the needs of the business, but also fills this gap in society for something that you can actually trust, something that people know you really do stand for and can get behind.” - Steve Durbin

Mentioned in this episode:

ISF Analyst Insight Podcast

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