Michael Bayer, the chairman of the Defense Business Board who chaired US Navy Secretary Richard Spencer’s “Cybersecurity Readiness Review,” discusses cyber threats, challenges and recommendations to improve security with Defense & Aerospace Report Editor Vago Muradian. The three other participants in the review were J.H. Whitney Investment Management Chairman John O’Connor, Oceanus Security Strategies President Ronald Moultrie and former Raytheon Chairman and CEO William Swanson.