Financial Implications of Cybercrime Meeting the Information Security Management Challenge in the Cyber-Age

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Financial Implications of Cybercrime Meeting the Information Security Management Challenge in the Cyber-Age"

Transcription

1 Financial Implications of Cybercrime Meeting the Information Security Management Challenge in the Cyber-Age Southern California Association for Financial Professionals February 14, 2014 Stan Stahl, Ph.D. President Citadel Information Group Phone: Copyright Citadel Information Group. All Rights Reserved.

2 Citadel Information Group: Who We Are 2 Stan Stahl, Ph.D Co-Founder & President 30+ Years Experience Reagan White House Nuclear Missile Control President, ISSA-LA Kimberly Pease, CISSP Co-Founder & VP Former CIO 15+ Years Information Security Experience David Lam, CISSP, CPP VP Technology Management Services Active CIO 20+ Years Information Security Experience VP, ISSA-LA

3 Citadel Information Group: What We Do 3 Delivering Information Peace of Mind SM to Business and the Not-for-Profit Community Cyber Security Management Services Information Security Leadership Information Security Management Consulting Outsourced Chief Information Security Officer Assessments & Reviews Policies & Standards IT Security Management Management Strategy & Plans Executive & Board Education Awareness Training and Education 3 rd -Party Security Management Disaster Recovery & Incident Response Application Testing Compliance Management, e.g., PCI, HIPAA, ISO-27001, 02 Adverse Termination Support ediscovery, Forensics & Investigations Litigation Support

4 4 Managing Information Risk Four Key Questions 1. How serious is cybercrime and why should my organization care? 2. How vulnerable are we, really? 3. What do we need to do? 4. How do we do it?

5

6 6 Financial Fraud and Identity Theft Continue to Climb 662,076,606 Financial Records Reported Breached January 10, 2005 December 31, 2013 These count only reported breaches. They count neither (1) discovered but unreported breaches nor (2) undiscovered breaches.

7 7 Data Breach Costs Expensive. Money Down the Drain. $200 Per Compromised Record $5.5 Million Per Event Investigative Costs Breach Disclosure Costs Legal Fees Identity Theft Monitoring Lawsuits Customers Shareholders

8 8 Online Bank Fraud: $1,000,000,000. Losses Usually Born by Victim. Bloomberg, Aug 4, 2011:

9 of Fortune 1,000 Known to Be Victims of Chinese Theft of Intellectual Property

10 10 Ransom Ware is Back. More Dangerous Than Ever. Malware encrypts files You must pay ransom to get key

11 11 60% of Small Business Cybercrime Victims Close Within 6 Months More than ¾ of small businesses believe their companies are safe from hackers 20% - 30% of all cyberattacks hit small businesses with 250 or fewer employees 60% of small businesses close within 6 months of being victimized by cybercrime.

12 12 The Bottom Line: Cybercrime is an Existential Risk The C-Suite Must Get Involved Everyone has Vital Role to Play Information security requires CEO attention in their individual companies Business Roundtable, 2004

13 13 Why Are We so Vulnerable? Three Inconvenient Truths Internet was not designed to be secure Computer technology is riddled with security holes We humans are also imperfect

14 14 Cyber Security Need vs. Reality

15 15 Cybercriminals Take Over Websites to Infect User Computers with Malware

16 16 Cybercriminals Take Over Ad Servers to Infect User Computers with Malware

17 17 Attackers Exploit Software Flaws to Install Malware on Computers

18 18 Users Unwittingly Open the Door to Cybercrime com.us.welcome.c.tr ack.bridge.metrics.po rtal.jps.signon.online. sessionid.ssl.secure. gkkvnxs62qufdtl83ldz.udaql9ime4bn1siact 3f.uwu2e4phxrm31jy mlgaz.9rjfkbl26xnjskx ltu5o.aq7tr61oy0cmbi 0snacj.4yqvgfy5geuu xeefcoe7.paroquian sdores.org/

19 Users The Weakest Link 19 Inadvertent Open door to cybercriminal Click on links Use weak passwords Send s to wrong recipient Lose laptop Accidentally delete files Malicious Embezzlement Theft of Trade Secrets Misuse of Resources

20 20 Technology Not Up to Task: Anti-Virus Products Fail to Block Modern Malware

21 21 Meeting the Cybercrime Challenge What We Need to Do Distrust and caution are the parents of security. Benjamin Franklin

22 22 Recognize Information Security Management as an Element of Cyber Risk Management Information Security Management Information Security Management is NOT a part of IT

23 23 Manage Security of Information as Rigorously as You Manage Finance Implement Information Security Management System 1. Put proactive senior manager in charge 2. Implement formal risk-driven information security policies and standards 3. Identify, document and control sensitive information 4. Train and educate personnel 5. Manage IT Infrastructure from an information security point of view * * Also known to lower costs, improve user productivity and raise organizational morale

24 24 Implementation Case Study 90 Days to Improved Information Security

25 Started with an Assessment 25 Risk-Driven Information Security Assessment Information to Protect Information Risks Information Security Management Organizational Strengths / Weaknesses Technology Management Strengths / Weaknesses IT Network Weaknesses

26 26 Assessment Findings Led to Phase 1 Improvement Planning Organizational Weaknesses No one in charge No policies or standards Information dispersed No user awareness Online banking security inadequate Uncontrolled use of Dropbox No vendor security management No cyber insurance Technology Management Weaknesses No vulnerability management IT vendor weaknesses Backups not tested Gap between C-Suite & IT No Disaster Recovery planning No incident response planning BYOD not managed IT Network Weaknesses No VPN for remote use Missing patches Laptops not encrypted

27 27 Established Leadership. Senior Management Education.

28 28 Took Specific Action to Protect Against Online Bank Fraud Separate On-Line Banking Workstation Kept Patched Used Only for On-Line Banking Worked with Bank Dual Control Out-Of-Band Confirmation Remote Transfer Limits No Overseas Wires

29 29 Installed Policies and Standards

30 30 Provided Awareness Training. Trained Staff to Be Mindful.

31 31 Began Information Security Education Program If you do not know your enemies nor yourself, you will be imperiled in every single battle. Sun Tzu The Art of War

32 Began Information Inventory 32 Credit cards Employee Health Information Salaries Trade Secrets Intellectual Property Servers Desktops Cloud Home PCs BYOD devices

33 33 Worked with IT Vendor to Meet Security Management Standards Service Level Agreements Vendor Access Controls IT Vendor Internal Security Management

34 34 Implemented Vulnerability and Patch Management Program

35 35 Implemented VPN for Remote Access

36 36 Encrypted Laptops

37 37 Conducted BYOD and Remote PC Inventory

38 38 Tested Backup Quality with Full System Restore

39 39 Implemented Formal Incident Response Management

40 Introduced Staff to ISSA-LA Activities 40 Monthly Technical Meetings 3 rd Wednesday of Month CFO Information Security Working Group Meets Bi-Monthly Next Meeting: March 21, 2104 Richard Clarke Keynote Speaker Summit 6 Annual Information Security Summit May 16, 2014

41 41 Reviewed Progress and Developed Next- Phase Plans Continuous Improvement Decide Information Security Improvement Objectives Information Security Requirements & Expectations Assess Current Information Security Capabilities and Needs Plan Information Security Improvement Implementation Information Security Management System Continuous Improvement Implement Information Security Improvement Plan

42 Information Security is Proactively Managed Meet Information Security Standard of Care Lower Total Cost of Information Security SM

43 For More Information 43 Stan Stahl LinkedIn: Stan Stahl Citadel Information Group: Information Security Resource Library Free: Cyber Security News of the Week Free: Weekend Vulnerability and Patch Report ISSA-LA: Technical Meetings: 3 rd Wednesday of Month CFO-Working Group: 3 rd Friday of Odd-Months Financial Services Security Forum: 4 th Friday of Month CISO Forum: Quarterly 6 th Annual Summit: May, 2014

44 Financial Implications of Cybercrime Meeting the Information Security Challenge in the Cyber-Age Copyright Citadel Information Group. All Rights Reserved.

Meeting the Information Security Management Challenge in the Cyber-Age

Meeting the Information Security Management Challenge in the Cyber-Age Meeting the Information Security Management Challenge in the Cyber-Age November 2015 David Lam, CISSP, CPP Vice-President Citadel Information Group Copyright 2015. Citadel Information Group. All Rights

More information

Breaching Bad: New Cyber Security Risks & Regulations Affecting Suppliers At All Tiers

Breaching Bad: New Cyber Security Risks & Regulations Affecting Suppliers At All Tiers Breaching Bad: New Cyber Security Risks & Regulations Affecting Suppliers At All Tiers Securing the Infrastructure April 2015 Stan Stahl, Ph.D. President Citadel Information Group Phone: 323.428.0441 Stan@Citadel-Information.com

More information

CYBER SECURITY MANAGEMENT: THE NEW C-SUITE RESPONSIBILITY

CYBER SECURITY MANAGEMENT: THE NEW C-SUITE RESPONSIBILITY CYBER SECURITY MANAGEMENT: THE NEW C-SUITE RESPONSIBILITY 8 Critical Factors for Managing Productivity and Performance in 2013 April 19, 2013 Stan Stahl, Ph.D. President Citadel Information Group Phone:

More information

Meeting the Information Security Management Challenge in the Cyber-Age

Meeting the Information Security Management Challenge in the Cyber-Age Meeting the Information Security Management Challenge in the Cyber-Age April 29. 2015 Stan Stahl, Ph.D. President Citadel Information Group Phone: 323.428.0441 Stan@Citadel-Information.com www.citadel-information.com

More information

7 th Annual Information Security Summit The Executive Forum. Information Security Management Overview

7 th Annual Information Security Summit The Executive Forum. Information Security Management Overview 7 th Annual Information Security Summit The Executive Forum Information Security Management Overview June 4, 2015 Copyright 2015. Citadel Information Group. All Rights Reserved. 2 Establishing Leadership.

More information

CYBER SECURITY CHALLENGES AND SOLUTIONS AN EXECUTIVE BRIEFING

CYBER SECURITY CHALLENGES AND SOLUTIONS AN EXECUTIVE BRIEFING Providing Information Peace of Mind to Business and the Notfor-Profit Community CYBER SECURITY CHALLENGES AND SOLUTIONS AN EXECUTIVE BRIEFING Long Beach CalCPA Discussion Group December 21, 2011 Stan Stahl,

More information

10 Best Practices to Protect Your Network presented by Saalex Information Technology and Citadel Group

10 Best Practices to Protect Your Network presented by Saalex Information Technology and Citadel Group 10 Best Practices to Protect Your Network presented by Saalex Information Technology and Citadel Group Presented by: Michael Flavin and Stan Stahl Saalex Information Technology Overview Saalex Information

More information

Cyber Threats and Realities: Solutions for Real Estate & Hospitality 14BSD25541B#

Cyber Threats and Realities: Solutions for Real Estate & Hospitality 14BSD25541B# Cyber Threats and Realities: Solutions for Real Estate & Hospitality STAN STAHL, CITADEL INFORMATION GROUP JOE DEPAUL, ARTHUR J. GALLAGHER ALEXANDRA GLICKMAN, ARTHUR J. GALLAGHER June 9, 2014 Overview

More information

Are You A Sitting Duck?

Are You A Sitting Duck? The 7 Most Cricitcal I.T. Security Protections Every Business Must Have in Place Now to Protect Themselves from Cybercrime, Data Breaches, and Hacker Attacks Cybercrime is at an all-time high, and hackers

More information

How-To Guide: Cyber Security. Content Provided by

How-To Guide: Cyber Security. Content Provided by How-To Guide: Cyber Security Content Provided by Who needs cyber security? Businesses that have, use, or support computers, smartphones, email, websites, social media, or cloudbased services. Businesses

More information

Cyber Security, Fraud and Corporate Account Takeovers LBA Bank Counsel Conference December 2014

Cyber Security, Fraud and Corporate Account Takeovers LBA Bank Counsel Conference December 2014 Cyber Security, Fraud and Corporate Account Takeovers LBA Bank Counsel Conference December 2014 Lisa D. Traina, CPA, CITP, CGMA Lisa Traina utilizes her 30+ years of experience as a CPA, CITP and CGMA

More information

Cyber Security. An Executive Imperative for Business Owners. 77 Westport Plaza, St. Louis, MO 63416 p 314.439.4700 f 314.439.4799

Cyber Security. An Executive Imperative for Business Owners. 77 Westport Plaza, St. Louis, MO 63416 p 314.439.4700 f 314.439.4799 Cyber Security An Executive Imperative for Business Owners SSE Network Services www.ssenetwork.com 77 Westport Plaza, St. Louis, MO 63416 p 314.439.4700 f 314.439.4799 Pretecht SM by SSE predicts and remedies

More information

Universities and Schools Under Cyber-Attack: How to Protect Your Institution of Excellence

Universities and Schools Under Cyber-Attack: How to Protect Your Institution of Excellence Universities and Schools Under Cyber-Attack: How to Protect Your Institution of Excellence About ERM About The Speaker Information Security Expert at ERM B.S. Software Engineering and Information Technology

More information

MAXIMUM PROTECTION, MINIMUM DOWNTIME

MAXIMUM PROTECTION, MINIMUM DOWNTIME MANAGED SERVICES MAXIMUM PROTECTION, MINIMUM DOWNTIME Get peace of mind with proactive IT support Designed to protect your business, save you money and give you peace of mind, Talon Managed Services is

More information

Client Security Risk Assessment Questionnaire

Client Security Risk Assessment Questionnaire Select the appropriate answer from the drop down in the column, and provide a brief description in the section. 1 Do you have a member of your organization with dedicated information security duties? 2

More information

Small businesses: What you need to know about cyber security

Small businesses: What you need to know about cyber security Small businesses: What you need to know about cyber security Contents Why you need to know about cyber security... 3 Understanding the risks to your business... 4 How you can manage the risks... 5 Planning

More information

Cybersecurity: A View from the Boardroom

Cybersecurity: A View from the Boardroom An Executive Brief from Cisco Cybersecurity: A View from the Boardroom In the modern economy, every company runs on IT. That makes security the business of every person in the organization, from the chief

More information

Checklist for HIPAA/HITECH Compliance Best Practices for Healthcare Information Security

Checklist for HIPAA/HITECH Compliance Best Practices for Healthcare Information Security Checklist for HIPAA/HITECH Compliance Best Practices for Healthcare Information Security Ali Pabrai, MSEE, CISSP (ISSMP, ISSAP) For Daily Compliance & Security Tips, Follow ecfirst @ Agenda Review the

More information

SBA Cybersecurity for Small Businesses. 1.1 Introduction. 1.2 Course Objectives. 1.3 Course Topics

SBA Cybersecurity for Small Businesses. 1.1 Introduction. 1.2 Course Objectives. 1.3 Course Topics SBA Cybersecurity for Small Businesses 1.1 Introduction Welcome to SBA s online training course: Cybersecurity for Small Businesses. SBA s Office of Entrepreneurship Education provides this self-paced

More information

SECURITY CONSIDERATIONS FOR LAW FIRMS

SECURITY CONSIDERATIONS FOR LAW FIRMS SECURITY CONSIDERATIONS FOR LAW FIRMS Enterprise Risk Management Professional consulting firm that specializes in cyber security Founded in 1998 in Miami, Florida Serves more than 150 clients, locally,

More information

WHAT EVERY CEO, CIO AND CFO NEEDS TO KNOW ABOUT CYBER SECURITY.

WHAT EVERY CEO, CIO AND CFO NEEDS TO KNOW ABOUT CYBER SECURITY. WHAT EVERY CEO, CIO AND CFO NEEDS TO KNOW ABOUT CYBER SECURITY. A guide for IT security from BIOS The Problem SME s, Enterprises and government agencies are under virtually constant attack today. There

More information

Cybersecurity Best Practices in Mortgage Banking. Article by Jim Deitch October 2015

Cybersecurity Best Practices in Mortgage Banking. Article by Jim Deitch October 2015 Cybersecurity Best Practices in Mortgage Banking Article by Jim Deitch Cybersecurity Best Practices in Mortgage Banking BY JIM DEITCH Jim Deitch Recent high-profile cyberattacks have clearly demonstrated

More information

Cyber Essentials Scheme

Cyber Essentials Scheme Cyber Essentials Scheme Requirements for basic technical protection from cyber attacks June 2014 December 2013 Contents Contents... 2 Introduction... 3 Who should use this document?... 3 What can these

More information

Effectively Managing Information Security Risk

Effectively Managing Information Security Risk A guide for executives Stan Stahl, Ph.D., President, Citadel Information Group Kimberly A. Pease, CISSP, Vice President, Citadel Information Group January, 2007 Copyright 2007. Citadel Information Group,

More information

Who s Doing the Hacking?

Who s Doing the Hacking? Who s Doing the Hacking? 1 HACKTIVISTS Although the term hacktivist refers to cyber attacks conducted in the name of political activism, this segment of the cyber threat spectrum covers everything from

More information

WHAT YOU NEED TO KNOW ABOUT CYBER SECURITY

WHAT YOU NEED TO KNOW ABOUT CYBER SECURITY SMALL BUSINESSES WHAT YOU NEED TO KNOW ABOUT CYBER SECURITY ONE CLICK CAN CHANGE EVERYTHING SMALL BUSINESSES My reputation was ruined by malicious emails ONE CLICK CAN CHANGE EVERYTHING Cybercrime comes

More information

RLI PROFESSIONAL SERVICES GROUP PROFESSIONAL LEARNING EVENT PSGLE 123. Cybersecurity: A Growing Concern for Small Businesses

RLI PROFESSIONAL SERVICES GROUP PROFESSIONAL LEARNING EVENT PSGLE 123. Cybersecurity: A Growing Concern for Small Businesses RLI PROFESSIONAL SERVICES GROUP PROFESSIONAL LEARNING EVENT PSGLE 123 Cybersecurity: A Growing Concern for Small Businesses Copyright Materials This presentation is protected by US and International Copyright

More information

What Data? I m A Trucking Company!

What Data? I m A Trucking Company! What Data? I m A Trucking Company! Presented by: Marc C. Tucker 434 Fayetteville Street, Suite 2800 Raleigh, NC, 27601 919.755.8713 marc.tucker@smithmoorelaw.com Presented by: Rob D. Moseley, Jr. 2 West

More information

Real World Healthcare Security Exposures. Brian Selfridge, Partner, Meditology Services

Real World Healthcare Security Exposures. Brian Selfridge, Partner, Meditology Services Real World Healthcare Security Exposures Brian Selfridge, Partner, Meditology Services 2 Agenda Introduction Background and Industry Context Anatomy of a Pen Test Top 10 Healthcare Security Exposures Lessons

More information

Seven Requirements for Successfully Implementing Information Security Policies and Standards

Seven Requirements for Successfully Implementing Information Security Policies and Standards Seven Requirements for Successfully Implementing and Standards A guide for executives Stan Stahl, Ph.D., President, Citadel Information Group Kimberly A. Pease, CISSP, Vice President, Citadel Information

More information

Building The Human Firewall. Andy Sawyer, CISM, C CISO Director of Security Locke Lord

Building The Human Firewall. Andy Sawyer, CISM, C CISO Director of Security Locke Lord Building The Human Firewall Andy Sawyer, CISM, C CISO Director of Security Locke Lord Confidentiality, Integrity, Availability Benchmarks of Cybersecurity: Confidentiality Information is protected against

More information

CYBERSECURITY: Is Your Business Ready?

CYBERSECURITY: Is Your Business Ready? CYBERSECURITY: Is Your Business Ready? Cybersecurity: Is your business ready? Cyber risk is just like any other corporate risk and it must be managed from the top. An organization will spend time monitoring

More information

Information Security Handbook

Information Security Handbook Information Security Handbook Adopted 6/4/14 Page 0 Page 1 1. Introduction... 5 1.1. Executive Summary... 5 1.2. Governance... 5 1.3. Scope and Application... 5 1.4. Biennial Review... 5 2. Definitions...

More information

Data Security. So many businesses leave their data exposed, That doesn t mean you have to. 2014 Computerbilities, Inc.

Data Security. So many businesses leave their data exposed, That doesn t mean you have to. 2014 Computerbilities, Inc. Data Security So many businesses leave their data exposed, That doesn t mean you have to. 2014 Computerbilities, Inc. Table of Contents: 1. Introduction 3 2. Cybersecurity: The loopholes in the system

More information

How to Practice Safely in an era of Cybercrime and Privacy Fears

How to Practice Safely in an era of Cybercrime and Privacy Fears How to Practice Safely in an era of Cybercrime and Privacy Fears Christina Harbridge INFORMATION PROTECTION SPECIALIST Information Security The practice of defending information from unauthorised access,

More information

What Do You Mean My Cloud Data Isn t Secure?

What Do You Mean My Cloud Data Isn t Secure? Kaseya White Paper What Do You Mean My Cloud Data Isn t Secure? Understanding Your Level of Data Protection www.kaseya.com As today s businesses transition more critical applications to the cloud, there

More information

The Future of Data Breach Risk Management Response and Recovery. The Cybersecurity Forum April 14, 2016

The Future of Data Breach Risk Management Response and Recovery. The Cybersecurity Forum April 14, 2016 The Future of Data Breach Risk Management Response and Recovery Increasing electronic product life and reliability The Cybersecurity Forum April 14, 2016 Today s Topics About Merchants Information Solutions,

More information

Cybersecurity: A Growing Concern for All Businesses. RLI Design Professionals Design Professionals Learning Event DPLE 160 October 7, 2015

Cybersecurity: A Growing Concern for All Businesses. RLI Design Professionals Design Professionals Learning Event DPLE 160 October 7, 2015 Cybersecurity: A Growing Concern for All Businesses RLI Design Professionals Design Professionals Learning Event DPLE 160 October 7, 2015 RLI Design Professionals is a Registered Provider with The American

More information

Cyber Security for Non- Profit Organizations. Scott Lawler CISSP- ISSAP, ISSMP, HCISPP Copyright 2015 LP3

Cyber Security for Non- Profit Organizations. Scott Lawler CISSP- ISSAP, ISSMP, HCISPP Copyright 2015 LP3 Cyber Security for Non- Profit Organizations Scott Lawler CISSP- ISSAP, ISSMP, HCISPP Copyright 2015 LP3 May 2015 Agenda IT Security Basics e- Discovery Compliance Legal Risk Disaster Plans Non- Profit

More information

7 Urgent Security Protections Every Business Should Have In Place Now

7 Urgent Security Protections Every Business Should Have In Place Now 7 Urgent Security Protections Every Business Should Have In Place Now Cybercrime is at an all-time high, and hackers are setting their sights on small and medium businesses who are low hanging fruit. Don

More information

SMALL BUSINESS PRESENTATION

SMALL BUSINESS PRESENTATION STOP.THINK.CONNECT NATIONAL CYBERSECURITY AWARENESS CAMPAIGN SMALL BUSINESS PRESENTATION ABOUT STOP.THINK.CONNECT. In 2009, President Obama issued the Cyberspace Policy Review, which tasked the Department

More information

Is your Organization SAFE?

Is your Organization SAFE? Is your Organization SAFE? About Enterprise Risk Management (ERM) About The Presenter Mike Sanchez, Senior Vice President at ERM Captain, USMC (Ret.) COBIT 5 Certified Possesses over 20 years of experience

More information

Information Security for the Rest of Us

Information Security for the Rest of Us Secure Your Way Forward. AuditWest.com Information Security for the Rest of Us Practical Advice for Small Businesses Brian Morkert President and Chief Consultant 1 Introduction President Audit West IT

More information

Protecting Your Data On The Network, Cloud And Virtual Servers

Protecting Your Data On The Network, Cloud And Virtual Servers Protecting Your Data On The Network, Cloud And Virtual Servers How SafeGuard Encryption can secure your files everywhere The workplace is never static. Developments include the widespread use of public

More information

SMALL BUSINESS PRESENTATION

SMALL BUSINESS PRESENTATION STOP.THINK.CONNECT NATIONAL CYBERSECURITY AWARENESS CAMPAIGN SMALL BUSINESS PRESENTATION ABOUT STOP.THINK.CONNECT. In 2009, President Obama issued the Cyberspace Policy Review, which tasked the Department

More information

Information Security Addressing Your Advanced Threats

Information Security Addressing Your Advanced Threats Information Security Addressing Your Advanced Threats Where We are Going Information Security Landscape The Threats You Face How To Protect Yourself This Will Not Be Boring What Is Information Security?

More information

Internet threats: steps to security for your small business

Internet threats: steps to security for your small business Internet threats: 7 steps to security for your small business Proactive solutions for small businesses A restaurant offers free WiFi to its patrons. The controller of an accounting firm receives a confidential

More information

Cyber Security Incident Response Program. Dr. Michael C. Redmond, PhD MBCP,FBCI,CEM,PMP,MBA

Cyber Security Incident Response Program. Dr. Michael C. Redmond, PhD MBCP,FBCI,CEM,PMP,MBA Cyber Security Incident Response Program Dr. Michael C. Redmond, PhD MBCP,FBCI,CEM,PMP,MBA World Economic Forum Global Technology Risks for 2015 According to the World Economic Forum s global risk perspectives

More information

Cyber Security An Exercise in Predicting the Future

Cyber Security An Exercise in Predicting the Future Cyber Security An Exercise in Predicting the Future Paul Douglas, August 25, 2014 AUDIT & ACCOUNTING + CONSULTING + TAX SERVICES + TECHNOLOGY I www.pncpa.com I www.pntech.net What is Cyber Security? Measures

More information

SURVEY RESULTS CYBER-SECURITY PRACTICES OF MINNESOTA REGISTERD INVESTMENT ADVISERS

SURVEY RESULTS CYBER-SECURITY PRACTICES OF MINNESOTA REGISTERD INVESTMENT ADVISERS SURVEY RESULTS CYBER-SECURITY PRACTICES OF MINNESOTA REGISTERD INVESTMENT ADVISERS Minnesota Department of Commerce July 2014 GENERIC FIRM INFORMATION Has your firm been the subject of a cyber-security

More information

DATA BREACHES: WHEN COMPLIANCE IS NOT ENOUGH

DATA BREACHES: WHEN COMPLIANCE IS NOT ENOUGH DATA BREACHES: WHEN COMPLIANCE IS NOT ENOUGH Andy Watson Grant Thornton LLP. All rights reserved. CYBERSECURITY 2 SURVEY OF CHIEF AUDIT EXECUTIVES (CAEs) GRANT THORNTON'S 2014 CAE SURVEY Data privacy and

More information

The Age of Data Breaches:

The Age of Data Breaches: The Age of Data Breaches: HOW TO AVOID BEING THE NEXT HEADLINE MARCH 24, 2015 2015 Epstein Becker & Green, P.C. All Rights Reserved. ebglaw.com This presentation has been provided for informational purposes

More information

2 0 1 4 F G F O A A N N U A L C O N F E R E N C E

2 0 1 4 F G F O A A N N U A L C O N F E R E N C E I T G OV E R NANCE 2 0 1 4 F G F O A A N N U A L C O N F E R E N C E RAJ PATEL Plante Moran 248.223.3428 raj.patel@plantemoran.com This presentation will discuss current threats faced by public institutions,

More information

Internet Security Protecting Your Business. Hayden Johnston & Rik Perry WYSCOM

Internet Security Protecting Your Business. Hayden Johnston & Rik Perry WYSCOM Internet Security Protecting Your Business Hayden Johnston & Rik Perry WYSCOM Introduction Protecting Your Network Securing Your Information Standards & Best Practices Tools & Options Into The Future Creating

More information

Cybersecurity Demystified: Information Technology Security Trends. Joe Oleksak, Plante Moran

Cybersecurity Demystified: Information Technology Security Trends. Joe Oleksak, Plante Moran Cybersecurity Demystified: Information Technology Security Trends Joe Oleksak, Plante Moran Agenda Data Security Trends Example Attacks Industry Examples An Answer 1 Who Are The Victims? Targets - victims

More information

What s Wrong with Information Security Today? You are looking in the wrong places for the wrong things.

What s Wrong with Information Security Today? You are looking in the wrong places for the wrong things. What s Wrong with Information Security Today? You are looking in the wrong places for the wrong things. AGENDA Current State of Information Security Data Breach Statics Data Breach Case Studies Why current

More information

Proactive Credential Monitoring as a Method of Fraud Prevention and Risk Mitigation. By Marc Ostryniec, vice president, CSID

Proactive Credential Monitoring as a Method of Fraud Prevention and Risk Mitigation. By Marc Ostryniec, vice president, CSID Proactive Credential Monitoring as a Method of Fraud Prevention and Risk Mitigation By Marc Ostryniec, vice president, CSID The increase in volume, severity, publicity and fallout of recent data breaches

More information

National Cybersecurity Awareness Campaign

National Cybersecurity Awareness Campaign National Cybersecurity Awareness Campaign About Stop.Think.Connect. In 2009, President Obama issued the Cyberspace Policy Review, which tasked the Department of Homeland Security with creating an ongoing

More information

White Paper. April 2006. Security Considerations for Utilities Utilities Tap Into the Power of SecureWorks

White Paper. April 2006. Security Considerations for Utilities Utilities Tap Into the Power of SecureWorks White Paper April 2006 Security Considerations for Utilities Utilities Tap Into the Power of SecureWorks According to a recent Harris Interactive survey, the country s leading business executives consider

More information

IT Best Practices Audit TCS offers a wide range of IT Best Practices Audit content covering 15 subjects and over 2200 topics, including:

IT Best Practices Audit TCS offers a wide range of IT Best Practices Audit content covering 15 subjects and over 2200 topics, including: IT Best Practices Audit TCS offers a wide range of IT Best Practices Audit content covering 15 subjects and over 2200 topics, including: 1. IT Cost Containment 84 topics 2. Cloud Computing Readiness 225

More information

Cyber Security. John Leek Chief Strategist

Cyber Security. John Leek Chief Strategist Cyber Security John Leek Chief Strategist AGENDA The Changing Business Landscape Acknowledge cybersecurity as an enterprise-wide risk management issue not just an IT issue How to develop a cybersecurity

More information

Small businesses: What you need to know about cyber security

Small businesses: What you need to know about cyber security Small businesses: What you need to know about cyber security March 2015 Contents page What you need to know about cyber security... 3 Why you need to know about cyber security... 4 Getting the basics right...

More information

Cyber Risks and Insurance Solutions Malaysia, November 2013

Cyber Risks and Insurance Solutions Malaysia, November 2013 Cyber Risks and Insurance Solutions Malaysia, November 2013 Dynamic but vulnerable IT environment 2 Cyber risks are many and varied Malicious attacks Cyber theft/cyber fraud Cyber terrorism Cyber warfare

More information

Data Access Request Service

Data Access Request Service Data Access Request Service Guidance Notes on Security Version: 4.0 Date: 01/04/2015 1 Copyright 2014, Health and Social Care Information Centre. Introduction This security guidance is for organisations

More information

Virginia Government Finance Officers Association Spring Conference May 28, 2014. Cloud Security 101

Virginia Government Finance Officers Association Spring Conference May 28, 2014. Cloud Security 101 Virginia Government Finance Officers Association Spring Conference May 28, 2014 Cloud Security 101 Presenters: John Montoro, RealTime Accounting Solutions Ted Brown, Network Alliance Presenters John Montoro

More information

Nine Steps to Smart Security for Small Businesses

Nine Steps to Smart Security for Small Businesses Nine Steps to Smart Security for Small Businesses by David Lacey Co-Founder, Jericho Forum Courtesy of TABLE OF CONTENTS INTRODUCTION... 1 WHY SHOULD I BOTHER?... 1 AREN T FIREWALLS AND ANTI-VIRUS ENOUGH?...

More information

What the Biggest Data Breaches in Retail Have Taught Us about Cyber Security

What the Biggest Data Breaches in Retail Have Taught Us about Cyber Security What the Biggest Data Breaches in Retail Have Taught Us about Cyber Security With the holiday season upon us, much attention turns to the retail sector, which is expected to see unprecedented activity

More information

How a Company s IT Systems Can Be Breached Despite Strict Security Protocols

How a Company s IT Systems Can Be Breached Despite Strict Security Protocols How a Company s IT Systems Can Be Breached Despite Strict Security Protocols Brian D. Huntley, CISSP, PMP, CBCP, CISA Senior Information Security Advisor Information Security Officer, IDT911 Overview Good

More information

1. For each of the 25 questions, multiply each question response risk value (1-5) by the number of times it was chosen by the survey takers.

1. For each of the 25 questions, multiply each question response risk value (1-5) by the number of times it was chosen by the survey takers. Employee Security Awareness Survey Trenton Bond trent.bond@gmail.com Admin - Version 1.3 Security Awareness One of the most significant security risks that organizations and corporations face today is

More information

Network and Security Controls

Network and Security Controls Network and Security Controls State Of Arizona Office Of The Auditor General Phil Hanus IT Controls Webinar Series Part I Overview of IT Controls and Best Practices Part II Identifying Users and Limiting

More information

Data Security Best Practices. White Paper

Data Security Best Practices. White Paper White Paper Revised July, 2013 Keeping Business Data Safe Security, it s the number one concern of companies when adopting new technologies involving business data. Due to the recent data breaches on several

More information

Information Security It s Everyone s Responsibility

Information Security It s Everyone s Responsibility Information Security It s Everyone s Responsibility The University of Texas at Dallas Information Security Office (ISO) Purpose of Training Information generated, used, and/or owned by UTD has value. Because

More information

Small Firm Focus: A Practical Approach to Cybersecurity Friday, May 29 9:00 a.m. 10:15 a.m.

Small Firm Focus: A Practical Approach to Cybersecurity Friday, May 29 9:00 a.m. 10:15 a.m. Small Firm Focus: A Practical Approach to Cybersecurity Friday, May 29 9:00 a.m. 10:15 a.m. Topics: Explain why it is important for firms of all sizes to address cybersecurity risk. Demonstrate awareness

More information

Are You in Control? MaaS360 Control Service. Services > Overview MaaS360 Control Overview

Are You in Control? MaaS360 Control Service. Services > Overview MaaS360 Control Overview Services > Overview MaaS360 Control Overview Control Over Endpoints Ensure that patches and security software on laptops and distributed PCs are always up to date. Restart applications automatically. Block

More information

WHITE PAPER: Cyber Crime and the Critical Need for Endpoint Security

WHITE PAPER: Cyber Crime and the Critical Need for Endpoint Security WHITE PAPER: Cyber Crime and the Critical Need for Endpoint Security A World of Constant Threat We live in a world on constant threat. Every hour of every day in every country around the globe hackers

More information

TOP 10 TIPS FOR EDUCATING EMPLOYEES ABOUT CYBERSECURITY. Mark Villinski @markvillinski

TOP 10 TIPS FOR EDUCATING EMPLOYEES ABOUT CYBERSECURITY. Mark Villinski @markvillinski TOP 10 TIPS FOR EDUCATING EMPLOYEES ABOUT CYBERSECURITY Mark Villinski @markvillinski Why do we have to educate employees about cybersecurity? 2014 Corporate Threats Survey 94% of business s suffered one

More information

Internal audit of cybersecurity. Presentation to the Atlanta IIA Chapter January 2015

Internal audit of cybersecurity. Presentation to the Atlanta IIA Chapter January 2015 Internal audit of cybersecurity Presentation to the Atlanta IIA Chapter January 2015 Agenda Executive summary Why is this topic important? Cyber attacks: increasing complexity arket insights: What are

More information

93% of large organisations and 76% of small businesses

93% of large organisations and 76% of small businesses innersecurity INFORMATION SECURITY Information Security Services 93% of large organisations and 76% of small businesses suffered security breaches in the last year. * Cyber attackers were the main cause.

More information

Click to edit Master title style

Click to edit Master title style EVOLUTION OF CYBERSECURITY Click to edit Master title style IDENTIFYING BEST PRACTICES PHILIP DIEKHOFF, IT RISK SERVICES TECHNOLOGY THE DARK SIDE AGENDA Defining cybersecurity Assessing your cybersecurity

More information

Cybersecurity. Are you prepared?

Cybersecurity. Are you prepared? Cybersecurity Are you prepared? First Cash, then your customer, now YOU! What is Cybersecurity? The body of technologies, processes, practices designed to protect networks, computers, programs, and data

More information

Better secure IT equipment and systems

Better secure IT equipment and systems Chapter 5 Central Services Data Centre Security 1.0 MAIN POINTS The Ministry of Central Services, through its Information Technology Division (ITD), provides information technology (IT) services to government

More information

THE CHANGING FACE OF CYBERCRIME AND WHAT IT MEANS FOR BANKS

THE CHANGING FACE OF CYBERCRIME AND WHAT IT MEANS FOR BANKS THE CHANGING FACE OF CYBERCRIME AND WHAT IT MEANS FOR BANKS David Glockner, Managing Director strozfriedberg.com Overview The big picture: what does cybercrime look like today and how is it evolving? What

More information

What s Lurking in Your Network & The Business Impact of Data Breaches. Colby Clark Director of Incident Management FishNet Security

What s Lurking in Your Network & The Business Impact of Data Breaches. Colby Clark Director of Incident Management FishNet Security What s Lurking in Your Network & The Business Impact of Data Breaches Colby Clark Director of Incident Management FishNet Security Who am I? Colby Clark is the Director of Incident Management at Fishnet

More information

SMB Data Breach Risk Management Best Practices. By Mark Pribish February 19, 2015

SMB Data Breach Risk Management Best Practices. By Mark Pribish February 19, 2015 SMB Data Breach Risk Management Best Practices By Mark Pribish February 19, 2015 Presentation Agenda About Mark Pribish Information Governance The Threat Landscape Data Breach Trends Legislative and Regulatory

More information

Information Security It s Everyone s Responsibility

Information Security It s Everyone s Responsibility Information Security It s Everyone s Responsibility Developed By The University of Texas at Dallas (ISO) Purpose of Training As an employee, you are often the first line of defense protecting valuable

More information

Information Security Policy and Handbook Overview. ITSS Information Security June 2015

Information Security Policy and Handbook Overview. ITSS Information Security June 2015 Information Security Policy and Handbook Overview ITSS Information Security June 2015 Information Security Policy Control Hierarchy System and Campus Information Security Policies UNT System Information

More information

Kaseya White Paper. Endpoint Security. Fighting Cyber Crime with Automated, Centralized Management. www.kaseya.com

Kaseya White Paper. Endpoint Security. Fighting Cyber Crime with Automated, Centralized Management. www.kaseya.com Kaseya White Paper Endpoint Security Fighting Cyber Crime with Automated, Centralized Management www.kaseya.com To win the ongoing war against hackers and cyber criminals, IT professionals must do two

More information

Cyber Essentials Questionnaire

Cyber Essentials Questionnaire Cyber Essentials Questionnaire Introduction The Cyber Essentials scheme is recommended for organisations looking for a base level Cyber security test where IT is a business enabler rather than a core deliverable.

More information

FACT SHEET: Ransomware and HIPAA

FACT SHEET: Ransomware and HIPAA FACT SHEET: Ransomware and HIPAA A recent U.S. Government interagency report indicates that, on average, there have been 4,000 daily ransomware attacks since early 2016 (a 300% increase over the 1,000

More information

INFORMATION SECURITY FOR YOUR AGENCY

INFORMATION SECURITY FOR YOUR AGENCY INFORMATION SECURITY FOR YOUR AGENCY Presenter: Chad Knutson Secure Banking Solutions, LLC CONTACT INFORMATION Dr. Kevin Streff Professor at Dakota State University Director - National Center for the Protection

More information

Cyber Security Threats: What s Next and How Do We Reduce the Risks?

Cyber Security Threats: What s Next and How Do We Reduce the Risks? Cyber Security Threats: What s Next and How Do We Reduce the Risks? Agenda Cyber Security: A necessity! What threats exist today? What does the future hold? How do we reduce the risks? Key for Risk Reduction

More information

Cybersecurity: What CFO s Need to Know

Cybersecurity: What CFO s Need to Know Cybersecurity: What CFO s Need to Know William J. Nowik, CISA, CISSP, QSA PCIP MEMBER OF PKF NORTH AMERICA, AN ASSOCIATION OF LEGALLY INDEPENDENT FIRMS 2014 Wolf & Company, P.C. Today s Agenda Introduction

More information

INFORMATION SECURITY GOVERNANCE ASSESSMENT TOOL FOR HIGHER EDUCATION

INFORMATION SECURITY GOVERNANCE ASSESSMENT TOOL FOR HIGHER EDUCATION INFORMATION SECURITY GOVERNANCE ASSESSMENT TOOL FOR HIGHER EDUCATION Information security is a critical issue for institutions of higher education (IHE). IHE face issues of risk, liability, business continuity,

More information

The Protection Mission a constant endeavor

The Protection Mission a constant endeavor a constant endeavor The IT Protection Mission a constant endeavor As businesses become more and more dependent on IT, IT must face a higher bar for preparedness Cyber preparedness is the process of ensuring

More information

Cybersecurity Practices of Ohio Investment Advisers; A Summary of Survey Responses

Cybersecurity Practices of Ohio Investment Advisers; A Summary of Survey Responses Cybersecurity Practices of Ohio Investment Advisers; A Summary of Survey Responses October 2014 A Pilot Survey to Compile Cybersecurity Information In July 2014, the Ohio Division of Securities participated

More information

Best practices and insight to protect your firm today against tomorrow s cybersecurity breach

Best practices and insight to protect your firm today against tomorrow s cybersecurity breach Best practices and insight to protect your firm today against tomorrow s cybersecurity breach July 8, 2015 Baker Tilly Virchow Krause, LLP Baker Tilly refers to Baker Tilly Virchow Krause, LLP, an independently

More information

Presentation Objectives

Presentation Objectives Gerry Cochran, IT Specialist Jennifer Van Tassel, Associate Examiner Office of the State Comptroller Thomas P. DiNapoli State & Local Government Accountability Andrew A. SanFilippo Executive Deputy Comptroller

More information

Cybersecurity Governance Update on New FFIEC Requirements

Cybersecurity Governance Update on New FFIEC Requirements Cybersecurity Governance Update on New FFIEC Requirements cliftonlarsonallen.com Our perspective CliftonLarsonAllen Started in 1953 with a goal of total client service Today, Professional Services Firm

More information

Cybersecurity and internal audit. August 15, 2014

Cybersecurity and internal audit. August 15, 2014 Cybersecurity and internal audit August 15, 2014 arket insights: what we are seeing so far? 60% of organizations see increased risk from using social networking, cloud computing and personal mobile devices

More information

If you know the enemy and know yourself, you need not fear the result of a hundred battles.

If you know the enemy and know yourself, you need not fear the result of a hundred battles. Rui Pereira,B.Sc.(Hons),CIPS ISP/ITCP,CISSP,CISA,CWNA/CWSP,CPTE/CPTC Principal Consultant, WaveFront Consulting Group ruiper@wavefrontcg.com 1 (604) 961-0701 If you know the enemy and know yourself, you

More information