Critics and issuers should read this statement carefully and step back to see how it is constructed. It may actually serve as a good model for issuers' own procedures and disclosures on cybersecurity.
In a move that comes as no surprise, Equifax chairman and CEO Rick Smith has announced his retirement in the wake of a data breach that compromised the private financial information of 143 million people.
What’s the big deal around cyber risk? A data breach will immediately cause a free fall in stock price, taint the brand and call into question the competency of board and C-level leadership.
While all organizations are having difficulty finding cybersecurity talent, small and medium-sized enterprises are in a particularly bad position, as they cannot afford the high salaries that qualified cybersecurity specialists command.
Today’s employees require cybersecurity programs that go well beyond downloading “anti” software and monitoring networks and systems.
Physical disaster and cyber risk are often bedfellows after a disaster strikes, as cyber attackers are likely to make their move when a company’s IT staff and resources are consumed in post-incident recovery.
Would you microchip your own employees? And would they let you?
You can’t eliminate the threat, but you can limit your vulnerability.
Securitas President/CEO Alf Goransson was declared bankrupt and de-registered as the company’s CEO and removed from external board positions after his identity was stolen and a fraudulent bankruptcy application was made in his name.
Almost 60% of the companies questioned in a new British survey weren't even aware of coming rules that could see laggards fined more than $20 million.