Chris Wiser explains how cybersecurity shifted from optional to essential, like how insurance companies and regulators forced automakers to add seatbelts and airbags. Third parties, not consumers, drove the change.
Even though it is not brand new, even though managed services is not brand new, the transition to cybersecurity and mandating that from a commodity to an essential, that's totally different. Now.
I think of it as like a seatbelt. Like, you never hope that you're going to have to use the seatbelt, but it's there if and when it happens.
Well, funny you mentioned that, because if you think about the seat belt auto industry, let's go back 20 years.
That's exactly what I was thinking.
Seat belts were not mandatory. Airbags weren't manifold.
60 years ago, cars came out. You're like, why you throw your kids on the dash?
Do you think, wow. Do you think that the. The auto manufacturers wanted to put seat belts in their bag.
More money on.
They didn't want to do that. They just had a car. But who came in and regulated and mandated it? Well, it was the insurance industry that came in and said, oh, you better put this in. We're paying all these claims out. So they actually lobbied with the government, they lobbied with the feds and all the countries.