Ahead of Russia launching attacks on Ukraine, businesses and governments were warned to brace for cyber warfare. That hasn't transpired yet, but it doesn't mean it won't warns the co-founder and CEO of security company CyberArk.

"Perhaps they're saving it for a later time," Udi Mokady tells Leadership Next. "(Y)ou don't certainly pull out all of your arsenal at once. And of course, my concern is that some of it will be taken against countries that are participating in the sanctions."

Cyber threats - and the actors behind them - have changed dramatically since Mokady helped found CyberArk in 1999. Of course, he points out, investment in cyber defenses have changed over time too.

Also in today's conversation: why companies are more vulnerable than ever to cyber attacks and how to improve the cybersecurity talent pipeline.