Interview with James Oliverio
James Oliverio
JUNE 24, 2024 | 00:43 | Episode 18
Data Protection: The Focus of James Oliverio and his IdeaBox
James Olvierio, founder of IdeaBox, shares his journey from working on Wall Street to starting his own company in the cybersecurity industry. He discusses the importance of separating the roles of CIO and security officer, and the need to quantify cyber risk. Olvierio explains how his company, IdeaBox, focuses on data protection and offers services such as data risk assessments and crisis communications. He also highlights the unique features of Actifile, a product that is integrated into IdeaBox's offering. Olvierio emphasizes the importance of customer service and delivering a unique experience to clients.
ABOUT MY GUEST
James Oliverio founder of IdeaBox
James started his career at the Investment Banking Firm Donaldson, Lufkin, and Jenrette where he worked his way up from an entry-level IT position to becoming the Managing Director and Division CIO, and spent 14 years there. After Credit Suisse acquired DLJ, he departed with 90 investment bankers led by Ken Moelis and joined UBS to head up their IT division for the investment banking department. Following his stint at UBS, a former boss from DLJ encouraged him to start a company, which he did - an IT Managed Services company that catered to financial services, healthcare, and other verticals across the United States. He sold that practice in 2015.
After selling that company, he attended a program offered by Harvard University, where he obtained a Certification in Information Risk Management & Cybersecurity. The program profoundly impacted him, and he has incorporated many of its concepts into his current MSSP practice at ideaBOX. These include the concept of ROM, "Return on Mitigation," Explaining your Cyber Security ROI, creating a culture of Cyber Security Awareness in firms, and re-organizing IT functions to separate the responsibilities of operating information technology and managing cybersecurity roles.
Summary
James Olvierio, founder of IdeaBox, shares his journey from working on Wall Street to starting his own company in the cybersecurity industry. He discusses the importance of separating the roles of CIO and security officer, and the need to quantify cyber risk. Olvierio explains how his company, IdeaBox, focuses on data protection and offers services such as data risk assessments and crisis communications. He also highlights the unique features of Actifile, a product that is integrated into IdeaBox's offering. Olvierio emphasizes the importance of customer service and delivering a unique experience to clients.
Takeaways
Separating the roles of CIO and security officer is crucial for effective cybersecurity.
Quantifying cyber risk is essential for businesses to understand and address their vulnerabilities.
IdeaBox focuses on data protection and offers services such as data risk assessments and crisis communications.
Actifile, a product integrated into IdeaBox's offering, provides unique features for data protection.
Delivering exceptional customer service and a unique experience is key to success in the cybersecurity industry.
Sound Bites
"Quantifying cyber in a way that owners understand the quantification piece of it."
"How do you approach cyber? Quantify it. You quantify everything else in the business."
"We can protect it preemptively with no end user involvement.”
Links
James’ IdeaBox: https://www.ideabox.com/
Please leave us a review: https://www.podchaser.com/AdventuresOnTheCanDo
The book Think Like a Startup Founder (early access): https://www.manning.com/books/think-like-a-startup-founder
Jothy’s site for speaking, podcasting, and ruminating: https://jothyrosenberg.com
Jothy’s non-profit foundation The Who Says I Can’t Foundation: https://whosaysicant.org
Jothy’s TEDx talk on why people with a disability over-achieve: https://www.youtube.com/watch?v=PNtOawXAx5A
Chapters
00:00 Introduction and Background
02:53 The Importance of Separating Roles in Cybersecurity
06:54 Quantifying Cyber Risk
13:05 Focus on Data Protection
25:01 Delivering Exceptional Customer Service
35:12 Future Plans and Opportunities
