As underscored in our panel discussion on May 21 at the City
Club of San Francisco, cybercriminals are getting much more sophisticated. The
number of attacks keeps escalating, and that means as a business owner or
manager you must be extra vigilant. The following is a summary of our panel’s
recommendations for mitigating risk:
- Take a multi-disciplinary approach- financial, IT, audit, insurance, legal
- Follow your banker’s advice to prevent fund transfer fraud
- Technical controls only go so far; adversaries are using sophisticated social attacks so procedural defenses are just as important as technical defenses
- Review vendor agreements, in particular for insurance requirements and indemnity
- Get an audit so you can sleep at night and provide assurances to insurance carriers and business partners of good practice
- Consider a specific cyber insurance policy
- Discuss your Breach Response Plan with your lawyer before you have a data breach incident
We’ll continue to keep your informed about cybersecurity and
the latest recommendations for protecting your organization from threats. If
you haven’t done so already, consider subscribing
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