Recorded before the recent Colonial Pipeline Ransomware attack, Affiliated Monitors, Inc.’s Managing Director, Dionne Lomax, sat down with Dentons’ Kelly Graf to discuss Privacy and Cybersecurity Issues for 2021 and Beyond. Kelly shares with our listeners how mature their security programs need to be in light of ransomware, phishing, and a post-COVID-19 Work From Home data protection environment. Now that cybersecurity is in the news more than ever, this conversation couldn’t be more relevant.
They cover topics including:
• The multi-trillion dollar growth in this criminal industry over the last decade
• The importance of remote working standards and network segmentation
• Class action lawsuits regarding large scale data breaches
• Ongoing trends in FTC enforcement of COPPA
• The modern sophistication of phishing and social engineering attacks
• The perverse incentives created by, and the unintended consequences of, the growing cybersecurity insurance industry
• The creative ways that lawyers have used outdated privacy laws to bring data security lawsuits
Tag: cyber security
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Managing Cyber Insurance Risk
Managing Cyber Insurance Risk
In this episode, CSS’s Director of Cyber IT Services E.J Yerzak sits down with AVP, Program Executive at Varney Agency and cyber insurance expert Nick Weiner to discuss the recent NYDFS guidance for insurers that underwrite cyber insurance policies. The guidance includes a Cyber Insurance Risk Framework that provides best practices for managing cyber insurance risk amid concerns of systemic and “silent” risks to the financial sector.
About Our Guest Speakers:
E.J. Yerzak CISA®, CISM®, CRISC™ assists firms in assessing and managing their cybersecurity risk – from network vulnerability scanning and penetration testing to onsite cybersecurity assessments and assistance in implementing the NIST cybersecurity framework. E.J. has authored articles and alerts on emerging regulatory and technology issues, and is regularly requested to speak as a cybersecurity expert at industry conferences.
Nick Weiner is a commercial insurance agent, with ten years of experience focused on cyber, professional & management liability insurance for financial institutions. Nick firmly believes every professional organization deserves access to a specialist who can design, administer and implement a custom insurance solution. Working with an independent insurance agency gives Nick the opportunity to use his experience, knowledge, and understanding of the marketplace to assist his clients in finding the insurance solutions that meets their needs. At twenty-two, Nick started his own national insurance agency focused solely with the goal of servicing entrepreneurs in the financial services industry. Seven years later, Nick’s business was purchased, and he joined forces with Varney Agency (Portland, ME) to assist in the continued growth of their financial institution’s division. Nick often participates in thought leader groups for the industry and works closely with some advisory focused publications to provide input on insurance related topics.
Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. In this episode, I am joined by Scott Price. Scott has provided clients with security, assurance, and compliance solutions for nearly 20 years. In this time, he has completed over 2,000 SAS 70/SOC audits and has supported many Global 1000, Fortune 500, and regional companies. In 2009, Scott started A-LIGN to provide partnership to firms around the globe by solving their security and compliance problems. In 2016, Scott was selected to Accounting Today’s Managing Partner Elite, highlighting the leaders of accounting firms who stand out from their peers due to their ability to guide their firms through innovation, development of strong culture, and continued focus on growth.
In this episode, we consider some of the challenges for compliance professionals in the current environment around how Coronavirus is impacting the security and compliance industry; what are the benefits of conducting a remote audit; and what will the compliance landscape look like 6-9 months from now for cyber-risk and cyber-security? We conclude with a look at what might be the “new normal” look like for both clients and compliance firms?
For more information on A-LIGN, check out their website here.
In this episode, I visit with Jonathan Armstrong consider some of his predictions for the rest of 2019. Even if these predictions do not become fully formed, you should consider them in light of your data privacy/data protection policies and protocols. Some of the issues and highlights are:
- Drones-what are the GDPR implications.
- The number of data breach notifications under GDPR. Through the end of January there were over 42,000 in the EU alone.
- Will AI and self-driving cars follow the rules on safe driving standards, or will there be new rules for the road?
- What will be the effects of data, big data and AI in elections going forward? What will be the fallout from Cambridge Analytica going forward?
- How will businesses respond to the industrialization of internet crime? What happens when there is a Zero-Day exploit?
- Cybersecurity insurance. Will standard insurance rules and regulations apply, or will new policy language be drafted for such coverage?
For more information on Cordery Compliance, go their website here. Also check out the GDPR Navigator, one of the top resources for GDPR Compliance by clicking here.
