CyberSecurity: The "Notorious Nine" Risk Factors

Description

News of another major breach or Cyber incident at a big company seem to hit the headlines on a daily basis. The New York Times alone devoted over 700 articles to “breaches” last year.  Most executives have reached “alert fatigue” and have simply tuned out. Yet, according to FBI statistics, 97% of the actual financial losses related to Cybercrime are occurring in small and mid-market organizations. The “CEO Email” Cyber scam alone cost US companies over $1.3 billion dollars and incidents are up 270% over last year. These losses can have business ending impacts. Statistics inidcate that 60% of companies that have a major cyber incident will go out of business in 6 months. That number rises to 80% failure rate 18 months after the incident.  Why?
 
One major contributor is the fundamental misunderstanding of CyberSecurity in the mid-market C-Suite. In a recent survey, 82% of mid-market executives surveyed, stated that they don’t believe they are a target, said they don’t have anything a hacker would want, or asserted that CyberSecurity is exclusively a large organization problem. Clearly this perception is not matching reality.
 
This forces the questions; How do you accurately quantify your organization’s Cyber risk? How much should you budget? Where should you spend? For those not conversant in the nomenclature of the information security professional, quantifying your organization’s overall Cyber Security posture can be a frustrating exercise.

In this session, Ken will outline the “Notorious Nine” risk factors using common business & financial metrics.  More specifically, from the perspective of customer segments, revenue streams, the balance sheet and the importance of your company’s brand. If you have ever struggled to determine how much and where you should be spending on your cyber security program, this session is for you.
 
Presenter: Ken Barnhart has amassed over 25 years of experience as a CEO and IT Executive. He served as a CIO by age 35, and in his over 20,000 hours of consulting, Ken has helped companies of all sizes design, host, and defend private, public, and hybrid cloud environments. His clients include 3M, Boeing, Bristol Myers Squibb, Cargill, Department of Defense, Microsoft, Texaco Chevron, and many others. Mr. Barnhart’s business philosophy is distinguished by a passion for excellence and his approach to technology is governed by an unrelenting drive to simplicity, value, and mission success.

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