Data Security & Privacy Symposium on Quantifying Cyber Risk
Article on February 05, 2018
- Compliance and Risk
- Cyber Insurance
- Cyber Security
- Incident Response
As we enter 2018, cyber security and privacy breach risks are top of mind for major technology and consumer-centric organizations. Certainly, organizations that include citizens of European Union nations in their customer base are keenly focused on meeting the compliance regulations of GDPR, the General Data Protection Regulation, which mandates that strict new rules be addressed by May 25, 2018.
More generally however, there is growing interest by multinational organizations here in the U.S. in how to “quantify” their cyber risks. Cyber risk is a fact of life for corporations, but it’s a challenge to assess an organization’s level of risk using a quantitative methodology. Exploring this is the purpose and topic of the 4A Data Security & Privacy Symposium at Drexel University in Philadelphia on March 22, 2018.
Among other topics, this conference will discuss cyber risk quantification where industry thought leaders will delve into the topic using real anonymized data to demonstrate the practical application of their analyses.
As the conference organizers describe: “This year, we have assembled a group of cyber risk quantification experts from around the world and provided them with real data from a large U.S. organization in the healthcare industry. These experts will share their insights, analyses, methods and results with attendees of the 4A Symposium. Attendees will hear from some of the world’s leading cyber risk quantification experts on various aspects of cyber risk quantification with an emphasis on practical applications.”
This topic and symposium will likely be interesting and useful for professionals across many interrelated disciplines including compliance, risk, privacy, information security and the law.
To learn more visit www.4asecurity.com/2018symposium/.
Is there a standard of reasonableness? Is there a fair balance between reasonable security and reasonable business practices when it comes to preparation? Is your organization subject to GDPR and if so, are your current business practices GDPR-compliant?
With the frequency and severity of data breaches on the rise across all U.S. industry verticals in 2017 and no signs of change on the horizon going into 2018, there has never been a more important time for every size organization to think about the risk mitigation and prevention services and tools available in the market today.
It is time to re-examine the way that we think about and what we expect from organizations impacted by cybersecurity breaches. A frank conversation on the responsibilities of company leadership, for both the C-Suite and the board, is long overdue. An organization’s responsibilities around consumer privacy in many ways remain somewhat ambiguous. Only by creating and upholding a consistent standard can corporate America ready consumers for the risks inherent in 21st-century levels of connectivity.