When it comes to bank regulation, few people have a better handle on it than Bill Neville. He has been around banking for quite some time and certainly can be called an expert in bank processes. Bill was formerly the President of Finastra – North America, a multi-national financial technology firm. In that role, he … Read more
Cyber attacks aren’t just getting more frequent, they are also becoming significantly more vicious and sophisticated. According to the latest 2019 figures from the Ponemon Institute’s “Cost of Data Breach” study, the average cost of a data breach has reached nearly $8.64 million in the US, alone. Yet today’s cyber attacks have far-reaching negative impacts that … Read more
While a study by BitSight finds the legal industry ranked second best in cybersecurity, the key reality is their rating value would earn them a solid “D” in grade school … not a good grade! The industry may be ranked second best, but the competition is not very strong! Additionally, in spite of continued investments … Read more
Employee awareness is the cornerstone of a good cyber protection program. However, the expressions associated with cybersecurity can seem foreign to many people at first. Here is a list of common terms and their associated definitions to help you expand your cyber vocabulary: Adware is software that automatically displays or downloads advertising material (often unwanted) when … Read more
Cyber security regulations and requirements continue to be strengthened, yet data breaches continue to occur. Even if you are compliant with all the requirements, including the updated ones for the State of New York’s Department of Financial Services (DFS) entities, you are not immune from becoming the next headline. There is a common denominator that … Read more
Interview the Expert An Interview With Rick WilliamsRick is a Partner with the Newport Board Group. He advises CEOs and boards at critical decision points – especially during important transactions or transitions. Rick was president of the Harvard Business School Assoc. of Boston and was a management consultant with Arthur D. Little. Interviewer – Geri DenterleinGeri Denterlein … Read more
How did that happen? That’s what thousands of company executives will be asking themselves over the next few years. Based on a past article from The New York Times, hackers hired by the Russian government stole emails from the Democratic National Committee (DNC) and paraded them on WikiLeaks — among other sites — for all … Read more
Cyber theft costs corporate America dearly—to the tune of $8.64 Million per incident, according to a report sponsored by IBM, conducted independently by Ponemon Institute LLC. Yet most companies don’t realize how exposed they are. They assume their state-of-the-art technology systems and written policies protect them. That’s a mistake. Their biggest exposure rides up and … Read more
There are three options for risk – mitigate, accept or transfer. But a vital element in the decision process is quantifying the cost or value loss a company would incur if a threat comes to pass. When it comes to cybersecurity risks, these facts do not change, but how to quantify the real-world impact is … Read more
