In the days prior to Thanksgiving 2013, malware designed to steal credit card data at Target was surreptitiously installed. According to Bloomberg BusinessWeek, the company had installed a malware detection tool. Target had specialists in Bangalore to monitor its computers around the clock. Two days after Thanksgiving, the malware was spotted. The team in India got an alert and flagged Target’s security managers. And then?
Nothing happened. Target’s alert system had worked effectively. But then, Target stood by as 40 million credit card numbers flowed out of its computers. Only a few months later, CEO Gregg Steinhafel and CIO Beth Jacob were both out of the company.
Cybersecurity has become widely recognized as a critical corporate challenge. Boards and senior managements are putting it on their agenda, categorizing cybersecurity not as a compartmentalized risk for the information technology team, but as strategic and enterprise-wide.
However, a security program is only as strong as its weakest link. While a survey by the Institute of Internal Auditors found 58% of board members felt they should be actively involved in cybersecurity preparedness, only 14% said they were actively involved. Unfortunately, 65% also said their perception of the risk their organizations faced had increased.
Board members and senior managers need to become more educated about the topic to be able to ask questions that are strategic yet granular enough to address company-specifics. To go further, it will be imperative to join Cybersecurity Boardroom Workshop 2015, the first seminar targeted at strategic and executive leaders for whom cybersecurity readiness is a relatively new yet critically important area to be intelligently conversant about.
Cybersecurity Boardroom Workshop 2015 is specifically designed for board members and senior executives of public and private firms looking for new ways to gain and maintain competitive business advantage. Business executives with responsibility for IT, finance, compliance, risk management and procurement as well as entrepreneurs and innovators are welcome.
By the end of Cybersecurity Boardroom Workshop 2015, to be held in Dubai, March 8-9, Hong Kong, March 12-13, Seoul, March 19-20, Singapore, March 26-27, London, 9-10 April, and New York City, April 16-17, participants will:
- Understand enterprise cybersecurity and the impact on shareholder value in the short and long term
- Identify immediate security needs for the organization with actionable steps for senior management
- Learn how to identify current and future challenges to better enable management to focus on threat reduction and operational reliability
- Get up to speed on international and domestic approaches and frameworks for effective cybersecurity practices corporate wide
DAY 1: UNDERSTANDING THE CYBER WORLD
- The trillion dollar global cyber risk environment
- The enterprise-wide challenge of protecting the organization’s assets
- The impact of cybersecurity attacks on shareholder value
- Identity theft and the legal implications of data breaches
Social Engineering: The “Weakest Human Link” in Cybersecurity
- The responsibility for cybersecurity in the organization
- Assessing the quality of the cybersecurity workforce
- Evaluating shortcomings in meeting cybersecurity workforce standards
- Assessing the effectiveness of current professionalization tools
Understanding the Cybersecurity Testing Method
- Reconnaissance: How to use tools to find vulnerable systems and devices
- Packet sniffing: How to gather information from computer systems
- Port scanning: How port information is exposed on computer systems
- Password policy and cracking: What to consider when developing password policy
- Vulnerability: How to reduce attacks by enforcing proactive compliance policies
Basics of Security Architecture for Board Members and CXOs
- How architecture defines the structure of a system and makes it explicit
- The fundamentals of layered architecture: presentation, business, data, and service layers
- How the current computer network infrastructure was not designed originally to be secure
- Embedding architecting security into systems from inception
DAY 2: RESPONDING TO THE CYBERSECURITY CHALLENGE
Introduction to NIST’s Cybersecurity Framework
- Describing the enterprise’s current and target cybersecurity posture
- Identifying and prioritizing opportunities for improvement
- Assessing and accelerating progress toward the target state
- Communicating with internal and external stakeholders about cybersecurity risk
The Five Core Functions of NIST’s Cybersecurity Framework
- Identify: Organizational understanding to manage cybersecurity risk
- Protect: Safeguards to ensure delivery of critical infrastructure services
- Detect: How to identify the occurrence of a cybersecurity event
- Respond: Taking action regarding a detected cybersecurity event
- Recover: Maintaining plans for resilience and to restore any impaired capabilities
Introduction to Intelligence-driven Cyber Network Defenses
- How investigations are based upon the scientific method: observing, hypothesis, evaluation, prediction and validation
- How to leverage cutting edge technology, vigilant people and innovative processes
- How to continuously improve the enterprise process for defending IT assets
- How to empower people to resolve the problem with guidance and mentoring
Establishing or Improving a Cybersecurity Program
- Prioritize and scope: Identifying business/mission objectives and high-level priorities
- Orient: Identifying related systems and assets, regulatory requirements, and risk approach
- Create a current profile: Developing a profile by indicating current degree of preparedness
- Conduct a risk assessment: Analyzing the operational environment in order to discern the likelihood of an attack
- Create a target profile: Describing the organization’s desired cybersecurity outcomes
- Determine, analyze, and prioritize gaps: Determining gaps between current and target profiles
- Implement action plan: Deciding which actions to take in regards to identified gaps
Cybersecurity Boardroom Workshop 2015 is produced by Golden Networking, the premier networking community for business and technology executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to email@example.com.