The New York State Department of Financial Services has been closely monitoring this ever-growing threat and has proposed regulations that would require financial services companies to adopt a cybersecurity program to protect their customers, employees, data and operations. Its proposed changes are expected to take effect on March 1, 2017. Financial services companies would have until Feb. 15, 2018, to submit a certificate of compliance with the program. Components of New York's proposed cybersecurity program are outlined in this article.
Cybersecurity: Cyber Risk Management for Banks & Financial InstitutionsShawn Tuma
Everyone should now understand that no bank or financial institution is immune from cyber risk. Many are now ready to move forward with improving their cyber risk posture but do not know what to do next or how to prioritize their resources. Recognizing that cybersecurity is an overall business risk issue that must be properly managed to comply with many laws and regulations governing banks and financial institutions, this presentation will provide a strategy for how to better understand and manage such risks by:
(1) Providing an overview of the legal and regulatory framework;
(2) Examining the most likely real-world risks; and
(3) Providing strategies for how to manage such risks, including cyber insurance and the development and implementation of an appropriate cyber risk management program (which is not as difficult as it sounds).
Shawn E. Tuma, cybersecurity and data privacy attorney at Spencer Fane, LLP, delivered the presentation titled Cybersecurity: Cyber Risk Management for Banks & Financial Institutions (and Attorneys Who Represent Them) at the Southwest Association of Bank Counsel 42nd Annual Convention on September 20, 2018 (formerly, Texas Association of Bank Counsel).
Secrets to managing your Duty of Care in an ever- changing world.
How well do you know your risks?
Are you keeping up with your responsibilities to provide Duty of Care?
How well are you prioritising Cybersecurity initiatives?
Liability for Cybersecurity attacks sits with Executives and Board members who may not have the right level of technical security knowledge. This session will outline what practical steps executives can take to implement a Cybersecurity Roadmap that is aligned with its strategic objectives.
Led by Krist Davood, who has spent over 28 years implementing secure mission critical systems for executives. Krist is an expert in protecting the interconnectedness of technology, intellectual property and information systems, as evidenced through his roles at The Good Guys, Court Services Victoria and Schiavello.
The seminar will cover:
• Fiduciary responsibility
• How to efficiently deal with personal liability and the threat of court action
• The role of a Cybersecurity Executive Dashboard and its ability to simplify risk and amplify informed decision making
• How to identify and bridge the gap between your Cybersecurity Compliance Rating and the threat of court action
Talking about Next-Gen Security Operation Center for IDNIC+APJII as representative from IDSECCONF. People-Centric SOC requires lot of investment on human in terms of quantity and quality, unfortunately, (good) IT security people are getting rare these days. Organisation need to put their investments more on technology, as in Industry 4.0, machines are getting more advanced to support Human on doing continuous and repetitive task.
Moving from “traditional” to next-gen SOC require proper plan, thats what this talk was about.
Cybersecurity Tools | Popular Tools for Cybersecurity Threats | Cybersecurity...Edureka!
** CyberSecurity Certification Training: https://www.edureka.co/cybersecurity-certification-training **
This Edureka tutorial on "Cybersecurity Tools" gives an introduction to the various tools used in the industry for the purpose of cybersecurity. You get to know different kinds of security tools in today's IT world and how they protect us against cyber threats/attacks. The following tools are discussed in this tutorial:
- BluVector
- Bricata
- Cloud Defender
- Contrast Security
- Digital Guardian
- Intellicta
- Mantix4
- SecBI
Cybersecurity Training Playlist: https://bit.ly/2NqcTQV
The Cybersecurity Risk Management Framework Strategy for Defense Platform Systems course prepares command leadership to implement the National Institute of Standards and Technology’s (NIST) cybersecurity Risk Management Framework (RMF) from a Platform Information Technology (PIT) perspective.
This one-day workshop reviews the five functions of cybersecurity that leadership must consider when making decisions about program resources and requirements.
Cybersecurity: Cyber Risk Management for Banks & Financial InstitutionsShawn Tuma
Everyone should now understand that no bank or financial institution is immune from cyber risk. Many are now ready to move forward with improving their cyber risk posture but do not know what to do next or how to prioritize their resources. Recognizing that cybersecurity is an overall business risk issue that must be properly managed to comply with many laws and regulations governing banks and financial institutions, this presentation will provide a strategy for how to better understand and manage such risks by:
(1) Providing an overview of the legal and regulatory framework;
(2) Examining the most likely real-world risks; and
(3) Providing strategies for how to manage such risks, including cyber insurance and the development and implementation of an appropriate cyber risk management program (which is not as difficult as it sounds).
Shawn E. Tuma, cybersecurity and data privacy attorney at Spencer Fane, LLP, delivered the presentation titled Cybersecurity: Cyber Risk Management for Banks & Financial Institutions (and Attorneys Who Represent Them) at the Southwest Association of Bank Counsel 42nd Annual Convention on September 20, 2018 (formerly, Texas Association of Bank Counsel).
Secrets to managing your Duty of Care in an ever- changing world.
How well do you know your risks?
Are you keeping up with your responsibilities to provide Duty of Care?
How well are you prioritising Cybersecurity initiatives?
Liability for Cybersecurity attacks sits with Executives and Board members who may not have the right level of technical security knowledge. This session will outline what practical steps executives can take to implement a Cybersecurity Roadmap that is aligned with its strategic objectives.
Led by Krist Davood, who has spent over 28 years implementing secure mission critical systems for executives. Krist is an expert in protecting the interconnectedness of technology, intellectual property and information systems, as evidenced through his roles at The Good Guys, Court Services Victoria and Schiavello.
The seminar will cover:
• Fiduciary responsibility
• How to efficiently deal with personal liability and the threat of court action
• The role of a Cybersecurity Executive Dashboard and its ability to simplify risk and amplify informed decision making
• How to identify and bridge the gap between your Cybersecurity Compliance Rating and the threat of court action
Talking about Next-Gen Security Operation Center for IDNIC+APJII as representative from IDSECCONF. People-Centric SOC requires lot of investment on human in terms of quantity and quality, unfortunately, (good) IT security people are getting rare these days. Organisation need to put their investments more on technology, as in Industry 4.0, machines are getting more advanced to support Human on doing continuous and repetitive task.
Moving from “traditional” to next-gen SOC require proper plan, thats what this talk was about.
Cybersecurity Tools | Popular Tools for Cybersecurity Threats | Cybersecurity...Edureka!
** CyberSecurity Certification Training: https://www.edureka.co/cybersecurity-certification-training **
This Edureka tutorial on "Cybersecurity Tools" gives an introduction to the various tools used in the industry for the purpose of cybersecurity. You get to know different kinds of security tools in today's IT world and how they protect us against cyber threats/attacks. The following tools are discussed in this tutorial:
- BluVector
- Bricata
- Cloud Defender
- Contrast Security
- Digital Guardian
- Intellicta
- Mantix4
- SecBI
Cybersecurity Training Playlist: https://bit.ly/2NqcTQV
The Cybersecurity Risk Management Framework Strategy for Defense Platform Systems course prepares command leadership to implement the National Institute of Standards and Technology’s (NIST) cybersecurity Risk Management Framework (RMF) from a Platform Information Technology (PIT) perspective.
This one-day workshop reviews the five functions of cybersecurity that leadership must consider when making decisions about program resources and requirements.
Welcome to Cyber Threat Simulation Training powered by Tonex. Cyber Threat Simulation Training covers standards of cyber threats, progressed cyber fighting and threat simulation standards.
Cyber Threat Simulation Training is splitted into different parts comprising of essential cyber security, progressed cyber security, standards of cyber threat and hands-on threat simulation works out.
Learn about:
Basic cyber threat principles
Principles on threat environment
Principles of cyber simulation and modeling
Cyber threat simulation principles
Web application cyber threat fundamentals
Network and application reconnaissance
Data exfiltration & privilege escalation
Exploit application misconfigurations and more
Firewall and Threat Prevention at work
Tools to model and simulate cyber threat
Tools to monitor attack traffic
Who Should Attend:
Cyber Threat Analysts
Digital Forensic Analysts
Incident Response Team Members
Threat Hunters
Federal Agents
Law Enforcement Officials
Military Officials
Course Modules:
Cyberwarfare and Cyberterrorism
Overview of Global Cyber Threats
Principles of Cyber Threat Simulation
Cyber Threat Intelligence
Simulating Cyber Threats
Incident Detection
Response Threat Simulation
Cyber Threat Simulation Training.Price: $3,999.00 . Length: 3 Days.
Request more info about this Cyber Threat Simulation Training. Call +1-972-665-9786. Visit www.tonex.com/training-courses/cyber-threat-simulation-training/
** CyberSecurity Certification Training: https://www.edureka.co/cybersecurity-certification-training **
This Edureka tutorial on "Cybersecurity Frameworks" will help you understand why and how the organizations are using the cybersecurity framework to Identify, Protect and Recover from cyber attacks.
Cybersecurity Training Playlist: https://bit.ly/2NqcTQV
You've seen the headlines. You're beginning to understand the importance of cybersecurity. Where do you begin? It's important to understand the common methods of attack and ways you can begin to protect your organization today. For more information on our cybersecurity education please visit FPOV.com/edu.
From SIEM to SOC: Crossing the Cybersecurity ChasmPriyanka Aash
You own a SIEM, but to be secure, you need a Security Operations Center! How do you cross the chasm? Do you hire staff or outsource? And what skills are needed? Mike Ostrowski, a cybersecurity industry veteran, will review common pitfalls experienced through the journey from SIEM to SOC, the pros and cons of an all in-house SOC vs. outsourcing, and the benefits of a hybrid SOC model.
Learning Objectives:
1: You own a SIEM, but to be secure, you need a SOC. How do you cross the chasm?
2: What are the pros and cons of in-house, fully managed and hybrid security?
3: What considerations go into deciding whether to employ a hybrid strategy?
(Source: RSA Conference USA 2018)
Cyber Threat Intelligence is a process in which information from different sources is collected, then analyzed to identify and detect threats against any environment. The information collected could be evidence-based knowledge that could support the context, mechanism, indicators, or implications about an already existing threat against an environment, and/or the knowledge about an upcoming threat that could potentially affect the environment. Credit: Marlabs Inc
Threat intelligence is information that informs enterprise defenders of adversarial elements to stop them.
It is information that is relevant to the organization, has business value, and is actionable.
If you having all data and feeds then data alone isn’t intelligence.
#Threat #Intelligence #Forensics #ELK #Forensics #VAPT #SOC #SIEM #Incident #D3pak
When money is the at the top of the mind of cybercriminals, where do they turn their heads to? The Banking Sector. With countless operations including Wealth Management, Trading, and Revenue Management, Investor Accounting, it is no light matter when we say that cybersecurity threats keep banks up at night. With data breaches rampantly hitting all types of organizations across the world, the banking sector, for obvious reasons, stays under a constant and increased pressure for safekeeping of their customer's data and more importantly, their money.
The Zero Trust Model of Information Security Tripwire
In today’s IT threat landscape, the attacker might just as easily be over the cubicle wall as in another country. In the past, organizations have been content to use a trust and verify approach to information security, but that’s not working as threats from malicious insiders represent the most risk to organizations. Listen in as John Kindervag, Forrester Senior Analyst, explains why it’s not working and what you can do to address this IT security shortcoming.
In this webcast, you’ll hear:
Examples of major data breaches that originated from within the organization
Why it’s cheaper to invest in proactive breach prevention—even when the organization hasn’t been breached
What’s broken about the traditional trust and verify model of information security
About a new model for information security that works—the zero-trust model
Immediate and long-term activities to move organizations from the "trust and verify" model to the "verify and never trust" model
Cybersecurity Goverence for Boards of DirectorsPaul Feldman
This paper discusses the emerging issue of Board of Directors Governance and Cybersecurity. Originally presented to the Boards of Directors of the IRC http://www.isorto.org/Pages/Home in May 2014. The paper is in a continuous improvement mode ultimately targeting being a resource for Boards of Directors in the energy (electricity and natural gas) industry. Suggested updates and improvements are welcome at PaulFeldman@Gmail.com The current copy is always at http://www.EnergyCollection.us/456.pdf
Cybersecurity Legal and Compliance Issues Business & IT Leaders Must Know -- ...Shawn Tuma
This presentation was delivered by Shawn E. Tuma, Cybersecurity and Data Privacy Attorney, at the January 27, 2017 meeting of (ISC)² Dallas Fort Worth Chapter.
This presentation was significantly updated from past presentations and included a discussion of the groundbreaking New York Department of Financial Services (NYDFS) Cybersecurity Requirements for Financial Services Companies.
The main points of this presentation are:
(1) Cybersecurity events create a crisis situation and should be treated as such;
(2) Cybersecurity incidents are as much legal events as they are IT or Business / Public Relations events;
(3) Companies must have a cybersecurity breach response plan in place and tested, in advance;
(4) While consumer class action data breach litigation is a significant threat to companies and their leadership, it is not as great of a threat as regulatory enforcement by agencies such as the FTC and SEC, or the shareholder derivative claims for officer and director liability; and
(5) The odds are that all company will be breached, but preparation and diligence can help minimize the likelihood that such a breach from being a catastrophic event.
This presentation addresses the role of attorneys as the first responders in leading their clients through cybersecurity and data loss crisis events. The discussion begins by looking at the risk business have of being the victim of a cybersecurity or data loss incident and examining the nature of such incidents and the crisis environment they create. Then, because of this crisis environment, the need for leadership in helping keep the parties calm, rational, and making deliberate, calculated decisions.
The discussion then explains why cybersecurity events are legal events and legal counsel is the natural leader that should fulfill this role and how they can do so. It will then discuss the process legal counsel will take, including assembling the key players in such an event, both internally and externally. It discusses the obligations for responding to such an event, the steps that must be taken, those that must be considered, and certain factors that go into the decision-making process. It briefly addresses the costs of such an incident and the liability issues that can arise from such an incident and failing to properly respond to the incident. This section includes a discussion of the cybersecurity lawsuit landscape, cybersecurity regulatory landscape, and the issue of cybersecurity-related officer and director liability stemming from shareholder derivative lawsuits based on cybersecurity incidents.
It concludes with a discussion of the steps that companies can take to prepare for and be in a better position to respond to and mitigate the negative repercussions of such an incident.
Welcome to Cyber Threat Simulation Training powered by Tonex. Cyber Threat Simulation Training covers standards of cyber threats, progressed cyber fighting and threat simulation standards.
Cyber Threat Simulation Training is splitted into different parts comprising of essential cyber security, progressed cyber security, standards of cyber threat and hands-on threat simulation works out.
Learn about:
Basic cyber threat principles
Principles on threat environment
Principles of cyber simulation and modeling
Cyber threat simulation principles
Web application cyber threat fundamentals
Network and application reconnaissance
Data exfiltration & privilege escalation
Exploit application misconfigurations and more
Firewall and Threat Prevention at work
Tools to model and simulate cyber threat
Tools to monitor attack traffic
Who Should Attend:
Cyber Threat Analysts
Digital Forensic Analysts
Incident Response Team Members
Threat Hunters
Federal Agents
Law Enforcement Officials
Military Officials
Course Modules:
Cyberwarfare and Cyberterrorism
Overview of Global Cyber Threats
Principles of Cyber Threat Simulation
Cyber Threat Intelligence
Simulating Cyber Threats
Incident Detection
Response Threat Simulation
Cyber Threat Simulation Training.Price: $3,999.00 . Length: 3 Days.
Request more info about this Cyber Threat Simulation Training. Call +1-972-665-9786. Visit www.tonex.com/training-courses/cyber-threat-simulation-training/
** CyberSecurity Certification Training: https://www.edureka.co/cybersecurity-certification-training **
This Edureka tutorial on "Cybersecurity Frameworks" will help you understand why and how the organizations are using the cybersecurity framework to Identify, Protect and Recover from cyber attacks.
Cybersecurity Training Playlist: https://bit.ly/2NqcTQV
You've seen the headlines. You're beginning to understand the importance of cybersecurity. Where do you begin? It's important to understand the common methods of attack and ways you can begin to protect your organization today. For more information on our cybersecurity education please visit FPOV.com/edu.
From SIEM to SOC: Crossing the Cybersecurity ChasmPriyanka Aash
You own a SIEM, but to be secure, you need a Security Operations Center! How do you cross the chasm? Do you hire staff or outsource? And what skills are needed? Mike Ostrowski, a cybersecurity industry veteran, will review common pitfalls experienced through the journey from SIEM to SOC, the pros and cons of an all in-house SOC vs. outsourcing, and the benefits of a hybrid SOC model.
Learning Objectives:
1: You own a SIEM, but to be secure, you need a SOC. How do you cross the chasm?
2: What are the pros and cons of in-house, fully managed and hybrid security?
3: What considerations go into deciding whether to employ a hybrid strategy?
(Source: RSA Conference USA 2018)
Cyber Threat Intelligence is a process in which information from different sources is collected, then analyzed to identify and detect threats against any environment. The information collected could be evidence-based knowledge that could support the context, mechanism, indicators, or implications about an already existing threat against an environment, and/or the knowledge about an upcoming threat that could potentially affect the environment. Credit: Marlabs Inc
Threat intelligence is information that informs enterprise defenders of adversarial elements to stop them.
It is information that is relevant to the organization, has business value, and is actionable.
If you having all data and feeds then data alone isn’t intelligence.
#Threat #Intelligence #Forensics #ELK #Forensics #VAPT #SOC #SIEM #Incident #D3pak
When money is the at the top of the mind of cybercriminals, where do they turn their heads to? The Banking Sector. With countless operations including Wealth Management, Trading, and Revenue Management, Investor Accounting, it is no light matter when we say that cybersecurity threats keep banks up at night. With data breaches rampantly hitting all types of organizations across the world, the banking sector, for obvious reasons, stays under a constant and increased pressure for safekeeping of their customer's data and more importantly, their money.
The Zero Trust Model of Information Security Tripwire
In today’s IT threat landscape, the attacker might just as easily be over the cubicle wall as in another country. In the past, organizations have been content to use a trust and verify approach to information security, but that’s not working as threats from malicious insiders represent the most risk to organizations. Listen in as John Kindervag, Forrester Senior Analyst, explains why it’s not working and what you can do to address this IT security shortcoming.
In this webcast, you’ll hear:
Examples of major data breaches that originated from within the organization
Why it’s cheaper to invest in proactive breach prevention—even when the organization hasn’t been breached
What’s broken about the traditional trust and verify model of information security
About a new model for information security that works—the zero-trust model
Immediate and long-term activities to move organizations from the "trust and verify" model to the "verify and never trust" model
Cybersecurity Goverence for Boards of DirectorsPaul Feldman
This paper discusses the emerging issue of Board of Directors Governance and Cybersecurity. Originally presented to the Boards of Directors of the IRC http://www.isorto.org/Pages/Home in May 2014. The paper is in a continuous improvement mode ultimately targeting being a resource for Boards of Directors in the energy (electricity and natural gas) industry. Suggested updates and improvements are welcome at PaulFeldman@Gmail.com The current copy is always at http://www.EnergyCollection.us/456.pdf
Cybersecurity Legal and Compliance Issues Business & IT Leaders Must Know -- ...Shawn Tuma
This presentation was delivered by Shawn E. Tuma, Cybersecurity and Data Privacy Attorney, at the January 27, 2017 meeting of (ISC)² Dallas Fort Worth Chapter.
This presentation was significantly updated from past presentations and included a discussion of the groundbreaking New York Department of Financial Services (NYDFS) Cybersecurity Requirements for Financial Services Companies.
The main points of this presentation are:
(1) Cybersecurity events create a crisis situation and should be treated as such;
(2) Cybersecurity incidents are as much legal events as they are IT or Business / Public Relations events;
(3) Companies must have a cybersecurity breach response plan in place and tested, in advance;
(4) While consumer class action data breach litigation is a significant threat to companies and their leadership, it is not as great of a threat as regulatory enforcement by agencies such as the FTC and SEC, or the shareholder derivative claims for officer and director liability; and
(5) The odds are that all company will be breached, but preparation and diligence can help minimize the likelihood that such a breach from being a catastrophic event.
This presentation addresses the role of attorneys as the first responders in leading their clients through cybersecurity and data loss crisis events. The discussion begins by looking at the risk business have of being the victim of a cybersecurity or data loss incident and examining the nature of such incidents and the crisis environment they create. Then, because of this crisis environment, the need for leadership in helping keep the parties calm, rational, and making deliberate, calculated decisions.
The discussion then explains why cybersecurity events are legal events and legal counsel is the natural leader that should fulfill this role and how they can do so. It will then discuss the process legal counsel will take, including assembling the key players in such an event, both internally and externally. It discusses the obligations for responding to such an event, the steps that must be taken, those that must be considered, and certain factors that go into the decision-making process. It briefly addresses the costs of such an incident and the liability issues that can arise from such an incident and failing to properly respond to the incident. This section includes a discussion of the cybersecurity lawsuit landscape, cybersecurity regulatory landscape, and the issue of cybersecurity-related officer and director liability stemming from shareholder derivative lawsuits based on cybersecurity incidents.
It concludes with a discussion of the steps that companies can take to prepare for and be in a better position to respond to and mitigate the negative repercussions of such an incident.
Cyber Risk Management in 2017: Challenges & RecommendationsUlf Mattsson
https://www.brighttalk.com/webcast/14723/234829?utm_source=Compliance+Engineering&utm_medium=brighttalk&utm_campaign=234829 :
With cyber attacks on the rise, securing your data is more imperative than ever. In future, organizations will face severe penalties if their data isn’t robustly secured. This will have a far reaching impact for how businesses deal with security in terms of managing their cyber risk.
Join this presentation to learn the cyber security controls prescribed by regulation, how this impacts compliance, and how cyber risk management helps CISOs understand the degree these controls are in place and where to prioritize their cyber dollars and ensure they are not at risk for fines.
Viewers will learn:
- The latest cybercrime trends and targets
- Trends in board involvement in cybersecurity
- How to effectively manage the full range of enterprise risks
- How to protect against ransomware
- Visibility into third party risk
- Data security metrics
Presentation given at the International East-West Security Conference in Rome - November 2016. The presentation begins with a review of Models of the Internet and CyberSpace such as those based upon IP Hilbert Space. We then discuss the transformation from 20thC Physical Threats (Speed of Sound) to the 21stC Cyber Threats (Speed of Light) such as CyberCrime, CyberTerror, CyberEspionage and CyberWar from sources such as the UN/ITU and the World Economic Forum. The core presentation explores Cyber Scenarios for 2018 (Integrated Security). 2020 (Adaptive Security), 2025 (Intelligent Security) and 2040 (Neural Security).We consider the New Generation of Tools based upon Machine Learning & Artificial Intelligence that use Self-Learning & Self-Organisation. We consider the application of these tools for the effective defence of Critical National Infrastructure and also to enhance Cybersecurity for the Internet of Things. We review some of the latest Cyber Ventures that provide Security Solutions based upon Machine Learning. Finally we provide a suggested TOP 10 Actions for your Business to upgrade Cybersecurity & Mitigate Future Attacks!
The cyber security job is everyone's business including the Board of Directors, even without a cyber security degree. Recent cyber security news proves that. According to several studies, Boards are getting it wrong and are leaving cyber awareness and risk management in the hands of the CEO, CISO, CTOs and cyber security companies. In a sense they are abdicating their responsibility to the shareholders. This slideshare proposes 7 questions every board should be asking their company executives abour IT security. They're not necessarily all encompassing and don't take the place of real cybersecurity training, but will drive the discussion to better and more complete understanding of strategic risk. Questions cover the basics of cyber security training, cyber policies, who briefs and when at board meetings. Thanks.
WHAT EVERY BOARD OF DIRECTORS SHOULD KNOW
BEFORE, DURING AND AFTER AN ATTACK
View the webinar:
https://www2.fireeye.com/The_Board_and_CyberSecurity_webinar_EMEA.html?utm_source=SS
Download the full report:
https://www2.fireeye.com/WEB-2015-The-Cyber-Security-Playbook.html?utm_source=SS
Bahan presentasi utama Track 1C pada Seminar Nasional Internal Audit 2015 di Solo 14-16 April 2015 Hotel Sunan Solo. Bahan dikembangkan dari hasil studi CSX ISACA dan intinya pernah dipresentasikan pada Cyber Resilience in Financial Institution di Singapur 9-11 Maret 2015 di Hilton Hotel Singapur. Tautan video berisi demo hacking oleh Yoko Acc ada di slide presentasi. Inti presentasi adalah semua jaringan data dapat ditembus selanjutnya CSX ISACA memperkenalkan PIRT (Prepare, Investigate, Respond dan Transform) dalam kajian berjudul Transforming Cybersecurity using COBIT 5. Konsep Three lines of defence diterangkan dalam beberapa konteks dari studi ISACA, a.l. Securing Mobile Devices, Transforming Cybersecurity using COBIT 5 dan Cobit 5 for Risk. Conoth tersebut memberikan ilustrasi untuk Komite Audit, Komisaris, para direktur dan Tim Manajemen Risiko untuk memahami dan menerakan risiko dan kontrol dalam kontek perusahaan atau instansi masing-masing.
September 25th 2014 - IDC Event Croke Park Dublin - Paul C Dwyer CEO Cyber Risk International delivering an extract from the "Cyber lessons from the front lines" seminar.
Mastering Cybersecurity Risk Management: Strategies to Safeguard Your Digital...cyberprosocial
In today’s time, where businesses heavily depend on technology for their daily operations, the danger of cyberattacks is a big concern. Companies need to have a solid plan in place to manage the risks associated with cybersecurity. This means taking the necessary steps to protect sensitive data and systems from bad guys who want to cause harm. In this article, we’ll explain why cybersecurity risk management is so important and share some practical strategies to help you keep your digital assets safe. So, let’s dive in and explore how you can protect your business from cyber threats!
Cyber security is the body of technologies and process which practices protection of network, computers, data and programs from unauthorized access, cyber threats, attacks or damages
Cyber-attacks are an alarming threat to all types of businesses & organizations.The risk of a cyber-attack is not just a risk to your company but also to your privacy.Hence, cybersecurity is crucial for every business. Cybersecurity protects critical data from cyber attackers. This includes sensitive data, governmental and industry information, personal information, personally identifiable information (PII), intellectual property, and protected health information (PHI). If you are looking for tools to fight against cyber threats, then Techwave’s tools & technologies with adequate controls will help your organization stay protected.
Cyber-attacks are an alarming threat to all types of businesses & organizations.The risk of a cyber-attack is not just a risk to your company but also to your privacy.Hence, cybersecurity is crucial for every business. Cybersecurity protects critical data from cyber attackers. This includes sensitive data, governmental and industry information, personal information, personally identifiable information (PII), intellectual property, and protected health information (PHI). If you are looking for tools to fight against cyber threats, then Techwave’s tools & technologies with adequate controls will help your organization stay protected.
Importance of Cybersecurity in BFSI Sector in India.pdfMobibizIndia1
Cybersecurity has become a critical concern for the BFSI sector, as the potential risks associated with data breaches, financial fraud, and unauthorized access to sensitive information can have severe consequences.
What CIOs Need To Tell Their Boards About Cyber SecurityKaryl Scott
Companies are under increasing risks of breaches, theft of intellectual property and erosion of customer trust. CIOs and CISOs need to be able to explain to executive management what's being done to shore up their company's security strategy and defenses.
Choosing the Right Cybersecurity Services: A Guide for Businessesbasilmph
In today's business landscape, cybersecurity is vital for all businesses, regardless of their size or industry. Shockingly, cyberattacks have increased by 67% in the past year, impacting companies worldwide.
What Not-for-Profits Can Do To Prevent "Uninspired" TheftCBIZ, Inc.
This presentation showcases the reasoning for and the importance of cyberseucrity in the not-for-profit sector. Case studies reinforce the importance of being ahead of the curve when managing cyber risk.
How to Establish a Cyber Security Readiness ProgramMatt Moneypenny
On August 23rd, Etactics, ABA Insurance Services, and Risk Compliance Group teamed up to host a free webinar – “How to Establish a Cyber Security Readiness Program”.
Each day, more users store confidential data in the cloud. According to Gartner, Inc., the world’s leading research and advisory company, the world will store 50 times the amount of confidential data in 2020 than they do now. This increase in usage has lead to an increase in cybercrime, that’s expected to cost $6 trillion in damages by 2021. But how do you stop all of this?
The three companies provided the insight necessary to those who attended to begin establishing a cyber security readiness program of their own.
How to assess your Cybersecurity Vulnerability_.pdfMetaorange
The new age of cyber threats is not limited to data breaches and ransomware attacks. They have become much more advanced with AI-based security analysis, crypto-jacking, facial recognition, and voice cloning via deep fake, IoT compromise, and cloud-based DDoS attacks.
How to assess your Cybersecurity Vulnerability_.pptxMetaorange
Surprisingly, Deepfake Technology, which was once used for fun, has now enabled phishing attacks. Rick McRoy detected a deep fake-based voice call that caused a CEO to transfer a sum amount of $35 Million.
Further, AI-powered cyberattacks also pose a serious security risk. Existing cybersecurity tools are not enough to counter this cyber weaponry.
In the wake of such incidents, the need for advanced cybersecurity tools is growing important.
Maximizing Efficiency with Integrated Water Management SystemsIrri Design Studio
Integrated water management systems are essential for improving irrigation design sustainability and efficiency. Irri Design Studio helps customers maximize water consumption, reduce waste, and encourage responsible stewardship of water resources by utilizing cutting-edge technology like drone-based construction updates and BIM modeling. The increasing issues of water shortage and environmental protection require an all-encompassing strategy to water management. Irrigation systems may be planned to optimize water consumption efficiency while guaranteeing the safety of people and the environment by putting new ideas and concepts into practice. Visit our website https://www.irridesignstudio.com/ for more information.
DOJO Training Center - Empowering Workforce ExcellenceHimanshu
The document delves into DOJO training, an immersive offline training concept designed to educate both new hires and existing staff. This method follows an organized eight-step process within a simulated work setting. The steps encompass safety protocols, behavioral coaching, product familiarity, production guidelines, and procedural understanding. Trainees acquire skills through hands-on simulations and rehearsal prior to transitioning to actual shop floor duties under supervision. The primary aim is to minimize accidents and defects by ensuring employees undergo comprehensive training, preparing them effectively for their job roles.
Don't Wait Until It's Too Late! 5-Signs Your Garage Door Needs ReplacingCR Garage Doors
This infographic unveils the 5 telltale signs your garage door needs a replacement. Avoid costly repairs and upgrade to a modern, secure, and silent entryway. Visit our website for more information about garage door replacement.
Website-> https://cr-garagedoors.com/
Courier & Package Tracking System Actually WorksIn Targos
In the world of modern logistics, the courier and package tracking system stands as a pivotal tool, offering transparency and efficiency throughout the shipping process. Let’s delve into the intricacies of courier and package tracking systems and explore how INTARGOS plays a key role in this domain.
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#### Conclusion
UPVC bathroom doors are an excellent investment for homes in Kerala, offering a blend of practicality and style. With a wide range of prices and designs available, homeowners can easily find a UPVC door that fits their budget and enhances their bathroom’s aesthetic appeal. When choosing a UPVC bathroom door, consider the specific needs of your space and the long-term benefits these doors provide. Investing in a quality UPVC bathroom door ensures a durable, low-maintenance, and stylish addition to your home.
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2. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS2
Cyber and Data Risks
for Financial Institutions
“The persistent threat of internet attacks is a
societal issue facing all industries,
especially the Financial Services industry.
Once largely considered an IT problem, the
rise in frequency and sophistication of
cyber-attacks now requires a shift in
thinking on the part of Bank CEOs that
management of a Bank’s Cybersecurity
Risk is not simply an IT issue, but a CEO
and Board of Directors issue.”
SOURCE: Conference of State Bank Supervisors
Cybersecurity 101 Resource Guide
3. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS
Why is cyber risk a top concern?
3
Cyber crime is
exploding.
Regulatory compliance,
stakeholder concerns,
liability, litigation,
business interruption,
reputation . . .
there’s a lot to manage
and a lot at stake.
4. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS
Cyber and Data Risks
for Financial Institutions
4
In 2016, 88% of security attacks in the
finance industry fell into three
categories:
48% Web Application Attacks
(14% in 2014)
Hackers find and exploit application
vulnerabilities, often content management
systems (CMS) or e-commerce platforms.
34% Denial-of-Service (32% in 2014)
A denial-of-service (DoS) attack is an attempt to
make a machine or network resource unavailable
to its intended users. Ransomware falls in this
category.
6% Crimeware (not ranked in 2014)
Use of a physical “skimmer” on an ATM, point-of-
sale (POS) terminal or gas pump to read the data
on your card’s magnetic strip as you pay.
SOURCE: Verizon 2016 Data Breach
Investigations Report - Financial Services
AllIndustriesFinancialServices
5. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS
Data Breach in Dollars
Cost (US companies):
$7.01M = average total cost
of a data breach
$221 = average cost paid
per compromised (lost or
stolen) record*
29,611 = the average
number of breached
records per incident
$3.97M = cost of lost
business ($3.72 in 2015)
5
Mean Time to Identify
(MTTI) and Mean Time to
Contain (MTTC) metrics:
$5.83M when MTTI < 100 days
$8.01M when MTTI > 100 days
$5.24M when MTTC < 30 days
$8.85M when MTTC > 30 days
SOURCE: IBM Global Technology Services – Special
Report from Ponemon Institute, LLC – 2016 Cost of Data
Breach Study: Global Analysis*“Record” = Information that identifies
the natural person (individual) whose
information has been lost or stolen in
a data breach
6. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS6
Cyber risk is clear.
The question is, what is the best approach
for your institution?
We recommend a holistic approach to
risk – one that identifies vulnerability,
establishes internal controls, implements
IT barriers, mitigates the risk with a
cyber-specific insurance program, and
includes a recovery plan.
CBIZ Cyber Service Teams include financial, risk, IT
and insurance professionals who work with clients
from multiple perspectives to develop a
comprehensive protection plan customized to your
industry compliance requirements and your
organizational needs.
A HOLISTIC approach
includes Cyber Risk
Management (CBIZ Financial
Risk & Advisory Consulting) and
Cyber Risk Mitigation
(CBIZ Bank Insurance Program).
7. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS7
Cyber Risk Management
CBIZ Risk & Advisory Services
Business risks abound in today's world.
The rise of sophisticated data breaches
coupled with the increased demands on
organizational leaders make robust risk
management policies essential.
CBIZ Risk & Advisory experts work closely with you to
understand the full scale of your cyber risk, starting with
your industry’s unique risk factors and working down to the
specific security policies you have in place.
CBIZ can help you design or improve existing documented
policies, procedures and controls and can review existing
device configurations.
CBIZ risk consulting assesses and
manages the full spectrum of cyber risk.
For example:
Security Program Review / Development /
Remediation
Infrastructure Design / Assessment / Remediation
Penetration Testing
Vulnerability Assessments
Web Application / Web Services Assessments
Mobile Application Assessments
Social Engineering and Facility Breach Exercises
IT Risk Assessments / IT Audit and Compliance
Engagements
Incident Response
Digital Forensics / Litigation Support
Service Organization Control (SOC) Reporting
8. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS8
The best
defense is a
good offense.
Having a proactive,
robust plan in place can
help minimize the
potential damage from a
breach and get your
organization back on
track more quickly in the
wake of a disruptive
event.
The first step is assessment.
Keys to Cyber Risk Management
CBIZ Risk & Advisory Services
Identify
Protect
Detect
Respond
Recover
IDENTIFY internal and external cyber risks – Risk
Assessment to identify threats/vulnerabilities,
measure/communicate risk.
PROTECT organizational systems, assets and
data – Internal Controls, Staff Training, Data
Security, Insurance.
RESPOND to a potential cybersecurity event –
Have a structure in place and routinely audit the
Incident Response Plan.
RECOVER from a cybersecurity event by restoring
normal operations and services – Disaster recovery
can be built into insurance coverage
DETECT system intrusions, data breaches and
unauthorized access – System Monitoring reinforces
Protection.
9. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS
Important first step: Help your
organization quickly assess how prepared
you are to face cyber crime
12 Yes/No Questions
Rankings:
1. Beginner
2. Intermediate
3. Advanced
4. Proficient
If an organization ranks Beginner or
Intermediate, a more in-depth evaluation
is recommended.
9
Quick Preparedness Assessment
CBIZ Risk & Advisory Services
Click for downloadable copy
10. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS10
Cyber Risk Management
CBIZ Risk & Advisory Services
The Risk Advisor - Volume 4 (newsletter)
Lessons Learned from Cyber Incidents in 2016
(article)
3 Strategies to Reduce the Risk of Cyber-Attacks
(article)
Three questions every board should ask about
enterprise risks (blog)
Insights & Resources
7 Ways to Strengthen Cybersecurity: Questions to Ask
About Third-Party Providers (article)
Why Would an Accounting Firm
Go Diving in Your Bank’s Trash
Dumpster? (podcast)
11. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS
As cyber threats have grown in scope
and impact, cyber insurance has
become a key feature of an enterprise-
wide cyber risk management strategy.
Risk transfer through cyber insurance bolsters
customer and business partner confidence and
supports industry expectations that a cyber risk
strategy is implemented.
CBIZ Insurance Services examines your risks,
measures their potential impact and recommends
appropriate coverage and strategies to manage
or mitigate the risks.
Cyber Risk Mitigation
CBIZ Insurance Services
11
Four reasons you need cyber coverage:
01
02
03
04
INCREASINGLY STRINGENT LAWS AND
REGULATIONS – Failure to comply places your
operations and reputation at enormous risk.
TECHNOLOGICAL ADVANCES have made it
easier to store, transport, steal and lose sensitive
information.
OUTSOURCING – You bear the burden of any
privacy breach stemming from outsourced
operations such as entrusting outside contractors
to handle sensitive data.
USER ERROR – All too common exposure can
results from simply copying records to the wrong
file, revealing personal identification information
via batch email communications, forgetting the
shred confidential information.
12. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS12
Cyber can’t be a
“footnote” to
general P&C.
When an incident is suffered,
INSURANCE provides the bank
the funds to quickly respond and
recover.
Most carriers now exclude most
cyber risks from their P&C, Bond,
D&O and E&O policies.
Coverage may not even be offered
unless protections and protocols
are in place.
The first step in mitigation is comprehensive risk and policy review.
Cyber Risk Mitigation Program
CBIZ Insurance Services
Identify
Protect
Customize
Ensure
Review
IDENTIFY your cyber risk exposures and perform an in-
depth insurance policy review for proper coverages.
PROTECT your institution by working with insurance
advisors experienced in the Banking and Financial Services
sector.
ENSURE your cyber coverage includes cyber liability,
data breach, regulatory claims, social media and website
issues, cyber extortion, business interruption.
REVIEW your cyber risk exposures and insurance
coverages with your Insurance Program advisor.
CUSTOMIZE your coverage areas to include bank
buildings, property, crime bond (wire transfers, debit card
fraud), directors and officers insurance (board oversight
liability) and all-inclusive cyber coverage.
13. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS13
Bank insurance policies (particularly
Directors and Officers insurance and Cyber
insurance) are not standard.
Policy language and required procedures
imbedded within the policy can expose an
organization or individual to under-insured
or uninsured risk.
That’s why, as a first step, it’s critical to
assess your current coverage and compare
it with your analyzed risks.
You also want to make sure cyber, crime
bond and D&O policies work together, not in
opposition to each other.
Insurance Policy Review
CBIZ Insurance Services
14. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS14
Banking & Financial Services Quarterly
Hot Topics (e-newsletter)
Cyber Risk – No Longer Simply an “IT” Issue
(article)
Cyber Liability Insurance FAQ (article)
Biz Tips: Key Issues in Bank Insurance
Today (podcast)
How the CBIZ Bank Insurance Program Can
Help Your Business (videocast)
Cyber Risk Mitigation
CBIZ Insurance Services
Insights & Resources
CBIZ Cyber Risk Management Expert: Effective
Solutions for Banks (article + podcast)
15. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS
CASE STUDIES
15
Faulty Banking Scam
Email Breach
Online Banking
Data Breach
Data Breach – Board Litigation
Business Interruption
Ransomware
16. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS16
The Company used an international Supplier for weekly
material shipments that were released upon payment. A
request was received from Supplier to send payments to a
new bank. The request appeared standard because the
Supplier often changed banks.
Case Study:
Company Loses $400,000+ in Faulty Banking Scam
Issue
Hackers accessed the Supplier email system and learned
about the payment process. Posing as the Supplier, hackers
sent an email instructing the Company to send payments to
another bank. $400,000+ in Supplier payments were sent to
the wrong bank.
The Attack
Because the Company always paid, the Supplier continued to
release materials. Because the Company received material,
they did not realize the Supplier was not receiving their
payments. Hackers intercepted delinquent payment inquiry
emails from the Supplier to the Company.
Key Findings
Any information can be valuable in the wrong hands. Internal
controls are essential to effective operations. DO NOT rely on
email alone to communicate with your key vendors.
Lessons Learned
17. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS17
Company relied on commonly used email system.
Cybersecurity and social engineering training and awareness
programs were not in place.
Case Study:
Email Breach Provides Access to Payroll and PII Data
Issue
Hackers bypassed network security and compromised the
corporate email server. The hackers gained access to an
email containing an attached payroll file.
The Attack
The hackers setup specific rules to forward emails meeting
certain criteria to an external email address. Emails were still
being received by the intended recipient so neither the
sending parties nor receiving parties had any knowledge of
the interception.
Key Findings
Data and intellectual property are NOT always the hacker’s
target. A current, actionable and efficient incident response
plan is critical to responding to a breach. TEST
REGULARLY! Internal controls are essential to effective
operations.
Lessons Learned
18. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS18
Bank provides clients with
documentable training and
training materials.
Encourage the client to require
two people to initiate a transfer.
Encourage the client to set a daily
limit.
Bank implements dual factor
authentication.
Bank requires call back prior to
initiating transfer over.
Make sure that Computer Crime
is included in the bond and that it
includes any theft where the Bank
is held liable.
Procedure should require a
banker to call back the customer
at a preassigned phone number
prior to initiating a transfer over
$25,000.
Attackers stole the username and
password to a client's online bank
account and used the credentials to
transfer $440,000 to an account in
Cyprus. Client alleges that the bank
failed to implement commercially
reasonable security measures as
defined in the Funds Transfer Act
provisions of the UCC.
Issue –
Stolen User Name
and Password
Prevention –
Best Practices Insurance
Case Study: Online Banking
19. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS19
Case Study:
Data Breach via Theft or Loss of Devices/Media
Ensure proper physical security of electronic and
physical restricted data:
Lock down workstations and laptops
Secure work area, files, laptops and portable equipment
before leaving
Shred sensitive paper records
Don’t leave sensitive information lying around unprotected
(on printers, fax machines) or visible (computer, electronic
devises, car or home)
Use security measures for portable devices and laptops,
both encryption and physical security
Delete personal identity information and other restricted
data when it is no longer needed
Be prepared with a data breach disaster plan
Provide employee training
Audit regularly to test your plan and program
Implement software to remotely wipe data on mobile
devices
Conduct regular vulnerability risk assessment
Vet any vendor that has access to data
A cyber liability policy will typically provide coverage for
the costs associated with a breach as well as associated
lawsuits.
The bank’s property policy will provide coverage for the
theft of the physical equipment.
Recommendations:
o Consider a cyber liability policy that includes Data
Breach services and not solely a coverage limit
o Make sure the cyber liability policy includes coverage
for lost data by a bank vender
o Check the cyber liability policy for procedure
requirements to maintain coverage
o Make sure that the loss of paper personal data is
covered in addition to electronic data
o Make sure that both intentional and accidental breaches
of data are covered
InsurancePrevention Practices
20. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS20
Case Study:
Data Breach – Board Litigation
Add Cybersecurity Briefing as a regular board agenda
item.
Provide Cyber Risk education and training for Officers and
Directors.
Create a record of the Board’s involvement in cyber risk
management and training.
The board should understand related regulations,
including the state data breach notification laws.
Board should annually approve the Cyber Risk
Management Plan.
Most Directors and Officers (D&O) policies cover litigation
against directors and officers relating to breach of cyber
fiduciary duties.
Because of the increased frequency of events and growing
cost of cyber incidents, some carriers are starting to
exclude this coverage. Verify that the D&O policy does not
exclude litigation relating to a data breach.
Some Cyber Liability policies include coverage for
Directors and Officers relating to breach of cyber fiduciary
duties.
InsurancePrevention Practices
Recent high profile attacks on big name brands have triggered law suits naming individual Directors. Shareholders,
customers and vendors are pursuing legal recourse against executives for breaching the fiduciary duty to manage
cyber risk.
21. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS21
Create a formal program – Begin by
capturing all systems used by the
organization based on their functions,
processes and the data they store.
Document risk management program that
addresses the scope, roles,
responsibilities, compliance criteria and
methodology for performing cyber risk
assessments.
Include employee education and limit
employee access and authority to an as-
needed basis.
Integrate your Incident Response Plans
with Business Continuity / Disaster
Recovery Plans.
Train and test everyone on their role and
responsibilities in Incident Response,
Business Continuity and Disaster
Recovery.
Proper coverage will include lost
income due to the event:
Profits that would have been
earned had the event not
occurred
Operating expenses, such as
utilities, that must be paid even
though business temporarily
ceased
Rented or leased equipment
Hackers are exploiting flaws in computer
systems, crippling the performance of
normal business operations. The attacks
include malicious code and denial of
service that may make your website,
applications and processes unusable to
employees and customers alike.
Viruses, worms or other code may
delete critical information on hard drives
and other hardware. Further, financial
institutions can suffer business
interruption from third-party vendors
upon whom they rely to perform daily
business.
Issue –
Hackers Exploit Flaws
Prevention –
Best Practices Insurance
Case Study: Business Interruption
22. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS22
Frequent backups of data.
Employee training regarding clicking
links or opening documents.
Consider network segmentation to
minimize the spread of ransomware
should your organization become
infected.
Extortion coverage is an option in
most cyber policies. Since these
demands tend to be relatively
modest amounts, the deductible
should be watched. Some Kidnap
and Ransom coverage includes
Electronic Extortion.
The carrier needs to agree before
a ransom is paid.
Do not disclose that you have
insurance.
Hackers access a computer system,
often using a phishing scam that
tricks employees into opening a
document or clicking on a bad link,
which then infects the system with
malicious software that uses
encryption algorithms to lock up the
data.
In order to regain access to their
encrypted files, companies must pay
ransom. “If you don’t pay the
$20,000 ransom within 72 hours,
your data will be gone forever.”
Issue –
Phishing Scam
Prevention –
Best Practices Insurance
Case Study: Ransomware
23. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS23
Crown Castle initially engaged CBIZ to classify our data and create a risk
taxonomy before beginning red team exercises. The collaboration with our
staff and reporting of real-time results throughout the duration of our
engagement has allowed Crown Castle to recognize the benefits of these
services immediately. Their best practice recommendations and hands-on
approach has helped our company strengthen its security infrastructure.
Tom Keaton
Internal Audit Manager
Crown Castle International
Client Feedback
24. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS24
CBIZ CYBER TEAM
Serving Financial Institutions
Practice Leaders:
Chris Roach
Managing Director & National IT Leader
CBIZ Risk & Advisory Services
Kris St. Martin
Vice President & Bank Program Director
CBIZ Insurance Services
25. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS25
CBIZ Cyber Team for Financial Institutions
KRIS ST. MARTIN
Vice President and
Bank Program Director
CBIZ Insurance Services
Kris has more than 23 years of direct bank
experience in audit, procedures, IT security,
lending and board training. Kris has held many
positions in the banking industry in security,
including Senior Lending Officer, President,
CEO and Board Chair. Kris has been providing
risk mitigation services to the financial industry
since 2009 including cyber, directors & officers
and crime bond insurance.
763.549.2267 | kstmartin@cbiz.com
CHRIS ROACH
Managing Director and
National IT Practice Leader
CBIZ Risk & Advisory Services
Chris has extensive experience in information
technology, risk management, business
management and using technology to mitigate
business risks. He consults for both public and
privately held companies. Chris holds
certifications as Certified Information Security
Manager (CISM) and Certified in Risk and
Information Systems Controls (CRISC). He is a
former IT Risk Partner at KPMG.
713.871.1118 | croach@cbiz.com
Practice Leaders
26. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS26
CBIZ Cyber Team for Financial Institutions
W. REMONDE BRANGMAN
Practice Leader
Vendor Risk Management
CBIZ Risk & Advisory Services
Remonde has more than 35 years experience in
governance, risk management, internal audit,
ISO 31000, ISO 27000 (information security
management), vendor risk, fraud investigation
and forensic accounting. Remonde is a former
chief audit executive of a $10 Billion Global
Bank. He has served Fortune 100 companies as
well as local, state, federal and foreign
government entities.
240.396.1063 | rbrangman@cbiz.com
DAMIAN CARACCIOLO
Vice President
Executive Protection Practice
CBIZ Insurance Services
Damian has more than 25 years experience in
executive and business management liability lines,
including cyber liability (network security and
privacy), commercial crime and kidnap, ransom
and extortion. Damian has held several
management positions with a Fortune 500
company. In addition, his broad background brings
expertise in International Risks, Labor
Organization, Commercial and Construction Surety
bonding.
443.472.8096 | dcaracciolo@cbiz.com
Subject Matter Experts
27. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS27
CBIZ Banking & Financial Services
Newsletter Executive Committee
KRIS ST. MARTIN – Vice President, Bank Program
Director, CBIZ Insurance Services
CHRIS ROACH – Managing Director and National
IT Practice Leader, CBIZ Risk & Advisory Services
W. REMONDE BRANGMAN – Director and
National Practice Leader, Vendor Risk Management,
CBIZ Risk & Advisory Services
JAKE McDONALD – Senior Manager, Credit Risk
Advisory, CBIZ MHM, LLC
TODD GORDON – Vice President of Sales, CBIZ
Benefits & Insurance
JAY MESCHKE – President, EFL Associates &
CBIZ Human Capital Service
KEVIN NUSSBAUM – Vice President of Client
Development, CBIZ, Inc.
Check out the issue archive online.
Four to Six
interesting articles
each issue.
28. CYBERSECURITY RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS
Kris St.
Martin
CBIZ Bank
Insurance
Chris
Roach
CBIZ Risk
& Advisory
Remonde
Brangman
Vendor
Risk
Damian
Caracciolo
Executive
Risk
28
Our cyber risk team will be happy to
take your call or respond to your
email.
Feel free to contact our Practice Leaders
with any questions you may have.
To learn more about CBIZ, we invite you
to visit www.cbiz.com.
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