“Sharing information is extremely helpful, but some large companies are now assuming that truly determined hackers cannot be kept out. So they are putting more emphasis on building resilience—the ability to bounce back fast in the event of a breach. It is essential to have well-conceived recovery plan to test it regularly, says Ed Powers of Deloitte, a consulting firm. In financial services, where a problem at one company could easily trigger a system-wide crisis, regulators are urging banks and other firms to consider resilience across markets.”
—From the Cyber Security Special Report—Defending the Digital Frontier,
The Economist, July 12, 2014
Target. Home Depot. The White House. The Post Office. JP Morgan Chase. The National Institutes of Health. Every day, another name gets added to the list. And these are the lucky ones who realize that they are on the list! No company or sector, private or public, is immune. With more than 65 million records compromised in data breaches in 2014 alone, the question for bankers, traders, merchants and others isn’t if, but when.
To address the fact that a data breach is a reality many businesses must face today, DePaul University is hosting a cyber-risk conference, “After the Breach.” The event will be held Dec. 2 in downtown Chicago at the DePaul Center, 1 E. Jackson Blvd.
Even the smallest cyber-attack can cause massive damage to a company or even an entire industry. Cybersecurity is and never really was just a technological issue. Breaches are everyone’s concern, from legal and public relations, to CEOs, CROs, and boards.
Recognizing that a focus solely on prevention is short-sighted, DePaul’s three expert panels—including speakers from Sapient Government Services, Protiviti, BMO, CNA Insurance, PwC, the FBI, Winston & Strawn, the FTC, Ropes & Gray, and Fleishman Hillard—will instead guide attendees through the three phases of breach response (discovery, disclosure, and resilience).
“Cyber-attackers are getting ever more savvy and aggressive,” said Janine Spears, assistant professor in DePaul’s School of Computing. “Companies need to be armed with the tools to handle a data breach and effective strategies to bounce back quickly.”
“Most people are not aware, but health care records sell for considerably more on the open market than credit card information,” said Thomas Edwalds, director of the Arditti Center for Risk Management in the Driehaus College of Business at DePaul. “That said, all institutions, be they banking or trading, health care or government, have a stake in managing and preventing cyber risk.”
Headlining the conference as keynote speaker is renowned cyber-specialist Peter W. Singer.
Learn more at the registration site (http://bit.ly/113WglI)