The Human Firewall – Because Cybersecurity isn’t an IT Problem
Cybersecurity isn’t sexy but it’s of vital importance to the Vistage community. Changes to the law in 2018 mean that every director has an absolute responsibility for this subject which can’t be delegated. Cybercrime is often described as the biggest threat to modern business. However, there are still plenty of companies and business leaders who either fail to understand the threat or think it’s the responsibility of the IT manager. This is an entertaining and thought provoking workshop on Cybersecurity, it’s been designed to equip business leaders with essential knowledge and understanding requisite in today’s fully connected business environment.
According to recent government statistics, around 65 per cent of organisations have been breached or hacked. In other words, data which is considered sensitive, protected or confidential has been used, copied, transmitted, viewed or stolen by an individual or organisation unauthorised to do so. However, unlike other crimes, you may not know that it’s happened until weeks, even months, after the event.
It’s taking leaders a long time to realise this is a business issue and not a technology issue. There are very few businesses where a cyber-threat is not a major risk to its welfare. Warren Buffet famously said, “It takes 20 years to build a reputation and five minutes to destroy it.” These days a company’s reputation can be destroyed within a couple of clicks.
In the first six months of last year, there were 89,000 cases of identity fraud in the UK, which equates to 500 incidents per day. In many cases, the information would have been acquired from a data breach and was used to apply for credit cards, bank accounts, loans and insurance. This is a massive problem in its own right but now GDPR is law it makes it even more of a concern.
Vigilance starts in the boardroom and it’s crucial that the C-suite take an active role in understanding the level of risk they’re exposed to and establishing a meaningful and effective strategy.
Technology is evolving faster than we can generate individuals with the skills and experience we need. The agile nature of business, along with remote working technology, has left more companies open to the risk of cyber-attacks and it is vital that we understand the problem, know how to plan for it, talk about it and start to take action.
To equip attendees to:
- Understand how cybercrime can and will impact your business.
- Have an awareness of the latest scams being targeted at businesses of all sizes.
- Have the ability to direct and prepare for cybersecurity risks, knowing how to talk both to IT and the rest of the business.
- Understand the impact and legal responsibilities of cyber in the boardroom.
To equip attendees to:
- Know what questions they need to be asking.
- Understand current cybersecurity risks and how to mitigate them.
- Have an easy to understand approach for preparing for a cybersecurity attack.
- Have reassurance and confidence in a must-know subject with plenty of tips and useful anecdotes.
- Understand what needs to be done with cybersecurity for the GDPR
Value and takeaway tools:
Attendees get a copy of one of Rob’s books, a session workbook and access to a dedicated Vistage website which contains a plethora of tools, resources, planning aids, ideas and content to use both in the boardroom and more generally within their businesses.