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Cyber Security & Protecting Your Business Against Data Breaches
Cyber Security & Protecting Your Business Against Data Breaches
hosted by: David Mariano, Director and head
of the firm’s Buy-Side advisory practice
Cyber Security & Protecting Your Business Against Data Breaches
You’ve likely seen the headlines about data breaches with big companies. Don’t be fooled – cyber crime is hitting the middle-market just as hard. Every business owner should be taking proactive steps to protect their customers and employee data.
Today David Mariano is talking cyber security with Joshua Holden. Before joining ABA Insurance Services as an account executive, Joshua worked for Nestlé, Innovative Therapies and Great Plains Oil Field Rentals. Joshua is also a graduate of West Point Military Academy and spent 10 years serving our country in uniform.
Key questions in this episode:
What exactly do terms like “cybercrime” and “data breach” mean?
What is the magnitude of the problem these days, in dollars and cents?
Who is getting hit the hardest in these types of crimes?
What kinds of criminals are going after small to medium sized businesses?
What is the actual, tangible threat from these criminals?
What can business owners do at a practical level to protect themselves and their data?
Are there consulting firms that can develop a plan to protect a small to medium business’s data?
How does an insurance firm quantify the risk?
What could a business do if they are hacked but they don’t have insurance to cover the costs of recovering from it?
Could such a crime put a small to medium company out of business?
Key points in this episode:
* The differences are between crime and cybercrime.
* Why there needs to be a culture of IT security and risk management throughout your company practices.
* How hackers are presently ahead of detection methods.
* Inside job or outside hacker? Know where these data breaches are originating.
* Why it’s important to know the difference between strip and chip technology on credit cards.
* Why you need to know the different kinds of threats to your business’s data.
* How the HIPAA Act of 1996 and the Patriot Act of 2001 address a business’s reaction to a data breach (10:30).
* Why it’s important for middle market companies to employ third-party risk management.
* Why it’s important to consider both risk management and risk transfer.
* How the industry is determining your potential costs in responding to records breached and what those figures look like (13:22).
* The different kinds of insurance coverage a business owner should consider.
* How a small step like training employees in cybercrime can help protect your business.
Resources mentioned in this podcast
* Webinar: The Ins and Outs of Cyber Insurance
* Joshua Holden’s LinkedIn Profile
* Email Joshua Holden: [email protected]
* Click here for access to training and templates
Listen to Fully Invested below:
View all episodes
Cyber Security & Protecting Your Business Against Data Breaches
hosted by: David Mariano, Director and head
of the firm’s Buy-Side advisory practice
Cyber Security & Protecting Your Business Against Data Breaches
You’ve likely seen the headlines about data breaches with big companies. Don’t be fooled – cyber crime is hitting the middle-market just as hard. Every business owner should be taking proactive steps to protect their customers and employee data.
Today David Mariano is talking cyber security with Joshua Holden. Before joining ABA Insurance Services as an account executive, Joshua worked for Nestlé, Innovative Therapies and Great Plains Oil Field Rentals. Joshua is also a graduate of West Point Military Academy and spent 10 years serving our country in uniform.
Key questions in this episode:
What exactly do terms like “cybercrime” and “data breach” mean?
What is the magnitude of the problem these days, in dollars and cents?
Who is getting hit the hardest in these types of crimes?
What kinds of criminals are going after small to medium sized businesses?
What is the actual, tangible threat from these criminals?
What can business owners do at a practical level to protect themselves and their data?
Are there consulting firms that can develop a plan to protect a small to medium business’s data?
How does an insurance firm quantify the risk?
What could a business do if they are hacked but they don’t have insurance to cover the costs of recovering from it?
Could such a crime put a small to medium company out of business?
Key points in this episode:
* The differences are between crime and cybercrime.
* Why there needs to be a culture of IT security and risk management throughout your company practices.
* How hackers are presently ahead of detection methods.
* Inside job or outside hacker? Know where these data breaches are originating.
* Why it’s important to know the difference between strip and chip technology on credit cards.
* Why you need to know the different kinds of threats to your business’s data.
* How the HIPAA Act of 1996 and the Patriot Act of 2001 address a business’s reaction to a data breach (10:30).
* Why it’s important for middle market companies to employ third-party risk management.
* Why it’s important to consider both risk management and risk transfer.
* How the industry is determining your potential costs in responding to records breached and what those figures look like (13:22).
* The different kinds of insurance coverage a business owner should consider.
* How a small step like training employees in cybercrime can help protect your business.
Resources mentioned in this podcast
* Webinar: The Ins and Outs of Cyber Insurance
* Joshua Holden’s LinkedIn Profile
* Email Joshua Holden: [email protected]
* Click here for access to training and templates
Listen to Fully Invested below: