“As global CTO of McAfee, I did a lot of apologizing,” he explains. “Week after week, month after month, year after year, all I really did was apologize for how we didn’t really protect computers. I thought, there had to be a better way.”
Three years ago, McClure left McAfee to find it. Typical antivirus software, he explains, relies on maintaining a database of known offenders—a list of viruses and malware known as virus definitions—that it uses to identify new threats. The trouble, of course, is that the threats have to succeed in wreaking havoc somewhere before they can be added to the database. “In other words, for me to protect your house from being burgled, someone else has to have already been burglarized by that individual,” explains McClure.
In fact, studies suggest that traditional cybersecurity software detects only 45% of attacks. McClure’s new company, Cylance, takes a completely different approach. Using mathematical models and artificial intelligence, it seeks to protect computers against attackers—both known and unknown. “It took about two solid years of training the models and getting all the infrastructure built properly,” he says. “Now, the computers that run our CylanceProtect software can completely protect a computer—more than 99% detection—even when they’re disconnected from the cloud.”
Hackers, however, are persistent, says McClure, who notes that in addition to strong security, software companies need to practice vigilance with their outside vendors. “Security is only as strong as your weakest link,” he says, pointing out that hackers who can’t get in the front door will turn to the windows and the chimney.
Asked what else CEOs can do to safeguard their companies, McClure offers three suggestions:
1. CHALLENGE YOUR CIO. “Most chief security officers want to give the impression that they have everything under control—but they really don’t,” says McClure. “Create a culture of challenging your security people and asking them, ‘What makes you think we’re so secure?’”
2. FIND—AND FILL IN—YOUR BLIND SPOTS. “The biggest mistake CEOs make is not knowing their limitations and hiring to fill in those blind spots,” explains McClure. “They should be hiring people who can take over their jobs.”
3. MAKE SECURITY A CLEAR PRIORITY. “Move the security function out from under IT and make it a direct report to the CEO,” urges McClure. “Eventually, elevate the chief security and risk officer to have IT reporting to them.”
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
