Mainstream Technologies, maintaining its Lunch & Learn format, recently hosted a forum on cyber incidents. John Burgess, President and Chief Security Officer of Mainstream Technologies addressed a diverse business group, stressing the need to incorporate cyber in their risk assessment process, including response and recovery plans.
Burgess also highlighted what’s at stake in a typical cyber breach, which includes (1) lost productivity from seized/damaged assets (2) monetary loss resulting from lawsuits, fines and fraud and (3) reputational damage to the targeted firm.
According to Burgess, preparedness includes communications and contingency plans as well as creating an incident response team of diverse stakeholders, adding: “Businesses need to become as competent in addressing cyber risks as they are with more traditional operational and financial risks. We are happy to help our customers improve their businesses in this area.”
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