TAC Security, a global leader in innovative Risk-Based Vulnerability Management has appointed Bharat Panchal to the company’s Board of Directors.
As an independent director, Panchal will provide direction and mentorship for TAC Security to continue its accelerated growth momentum.
With his vast experience in the cyber security landscape spanning three decades, Bharat Panchal’s induction into TAC Security’s Board of Directors will further fuel the company’s accelerated growth journey as a global cybersecurity-focused start-up. TAC has gained industry-wide acceptance based on its distinct ESOF-based vulnerability & risk management solutions for enterprises, a BusinessWire India report added.
“It is my firm belief that the cyber security ecosystem is set for exciting times ahead precipitated by surge in demand in the backdrop of disruptions due to the new normal world. This calls for value chain players to deliberate over the need to have an industry standard and cyber score appears as the best-fit one. Through my association with TAC Security, I intend to further propagate industry push towards this,” said Bharat Panchal, Chief Industry Relations & Regulatory Officer, Discover Financial Services.
Panchal has been recognised as a global thought leader for Enterprise Risk, Data Sovereignty and Cyber Security, making a mark as an architect of Digital Risk Management of India’s entire Retail Payment Ecosystem and enhancing Enterprise level efficiencies at NPCI.
Panchal is currently working as a Chief Industry Relations & Regulatory Officer with Discover Financial Services, one of the largest payment networks in the world. Additionally, Bharat is also a Mentor- Digital Risk Management & Cyber Security at IIT Kanpur’s Startup Incubation and Innovation Centre, an Academic Board Member at Sri Sri School of Cyber Peace at Sri Sri University and a Member Board of Directors at Indian Investors Federation.
Panchal was with FIS Global as a Chief Risk Officer for India, Middle East & Africa. Prior to this, he was working as Chief of Risk Management for the National Payments Corporation of India (NPCI) for more than 8 years.
“Bharat’s versatile experience as a thought leader, Risk Officer, Mentor to start-ups, experience in working with stakeholders on security standards and his understanding of industry-academia dynamics, collectively adds him to be one of those rare talents in the global cyber security space. Bharat has joined TAC Security’s Board at the right time as we gear up to take off for our next leap of northward journey,” said Trishneet Arora, Founder & CEO TAC Security.
“It’s a myth when people think that because they have the technology and they have control over it, nothing can happen to them and they will never face a cyber-attack, this is a wrong perception which is leading to people talking more about cyber resilience”, said Bharat Panchal during a panel discussion at W.Media’s South Asia Digital Week 2021.
He further added that when you ask an organisation what preparation you have if you experience a data breach. They would often reply by saying that they have all the latest technologies but when they experience a data breach or cyber-attack they are not able to tackle the situation.