September 15, 2014, Justin Orcutt, Regional Sales Manager
Last week I attended The Chertoff Group’s Security Series on Building Resiliency for Financial Services Sector. The event was attended by over 200 CISOs, CIOs, and CTOs from some of the top financial institutions in the country. The speakers and panelists hold positions that put them on the front line of the war against cybercrime. They provided insight into what they’re doing to protect their organizations, how they see the industry evolving, and firsthand knowledge about emerging threats. The information presented was in line with everything I see our customers currently doing to protect data.
Attendees agreed that a more consolidated effort must be made to combat cyber security. There was a significant amount of discussion on how FS-ISAC has improved the sharing of breach information and threat data. For those unfamiliar, FS-ISAC is the global financial industry’s go-to resource for cyber and physical threat intelligence analysis and information sharing according to their website. It’s a resource that financial services firms should leverage to stay ahead of cybercrime. FS-ISAC is a valuable resource but first, organizations need to understand all types of risk. Financial services institutions are good at understanding ‘financial’ risk but they still have a long way to go with understanding cyber risk. However, the industry is certainly ahead of other industries in terms of combatting cybercrime and maintaining the public’s trust.
The forum highlighted some key issues:
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The event was a wakeup call to many of the attendees but for others it was a reminder of their everyday battles. As I left the event I couldn’t help but think of the recent breaches and what could have been done differently.
Justin Orcutt — Regional Sales Manager
Coalfire started in 2001 with a simple idea – cyber threats are increasing, compliance mandates are getting more complicated, and a well-designed cybersecurity program can help fuel your overall success.
Coalfire helps organizations comply with global financial, government, industry and healthcare mandates while helping build the IT infrastructure and security systems that will protect their business from security breaches and data theft. The company is a leading provider of IT advisory services for security in retail, payments, healthcare, financial services, higher education, hospitality, government and utilities.
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