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From the SOC to the BOD: The Board’s Role in Cyber Security

As major breaches cause financial and reputational damage to businesses across all industries, there is a push for cyber security to become a board level issue. A recent survey from BDO International found 59% of board directors have become more involved in cyber security within the past twelve months. But how can board members unfamiliar with the ins and outs of network security effectively manage these risks?

Join BitSight’s VP of Business Development, Jacob Olcott, Partner at McKenna Long & Aldridge, Bill Ide and the Executive Director of The Conference Board Governance Center, Donna Dabney on Thursday, March 26 at 11:00am EDT for an online roundtable discussion on board involvement in cyber security. The panelists will discuss how both security leaders and board members should approach the communication and management of cyber risks in the enterprise.

Attendees will also learn:

- What cyber security metrics are most important for the board
- Methods for security leaders to communicate cyber issues across the enterprise
- How BitSight’s platform enables communication on security performance throughout the enterprise
Recorded Mar 26 2015 48 mins
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Presented by
Donna Dabney, Executive Director of The Conference Board Governance Center; Bill Ide, Partner at McKenna Long & Aldridge
Presentation preview: From the SOC to the BOD: The Board’s Role in Cyber Security

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  • 3 Tips to Improve your Security Posture Today Dec 21 2016 5:00 pm UTC 30 mins
    Julia Grunewald, Senior Customer Success Manager at BitSight Technologies
    With new cyber attacks and data breaches emerging on a daily basis, today’s organizations need a deeper understanding of the security performance of their programs, policies, and third parties. That’s why many companies are now using BitSight Security Ratings to help measure and mitigate cyber risk across their business ecosystems.

    On Wednesday December 21st at 12pm ET, join BitSight Technologies’ Senior Customer Success Manager, Julia Grunewald, as she discusses how you can improve your organization’s security rating by improving your overall security posture.

    In this webinar, you’ll learn:
    - Three ways to improve your security performance
    - What impact these changes could have on your Security Rating
    - How to use BitSight Security Ratings to prioritize the remediation of security events and issues
  • Cybersecurity Benchmarking For CIOs Recorded: Nov 29 2016 60 mins
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    In order for a business to be competitive, it must be continuously improving. This is something the modern chief information officer (CIO) knows all too well. Further, technological advances and greater outsourcing in business have made cyber risk a key area that requires a great deal of thought from the CIO. So, how can CIOs know how their security programs are performing in order to make decisions on allocating funding, headcount, and policies?

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    - Why cybersecurity benchmarking is difficult for the modern CIO.
    - Different methods of benchmarking you may be involved in (or want to consider).
    - How Security Ratings may solve many benchmarking challenges.
  • Bridging the Gap on Data Breaches: What Makes the Difference? Recorded: Nov 23 2016 57 mins
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    Every organization wants to know how to best protect their systems and data – but exactly where to focus efforts and resources can be daunting. Compromised machines, outdated software, certificate mismanagement, and faulty encryption practices can all increase the risk that an organization will experience a breach, but is there one single area on which businesses should concentrate?

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    - How to gain full visibility into the security of your critical third parties to avoid being caught off guard
    - How to understand and communicate potential threats occurring on the networks of your third parties
    - What to do when an infection- or breach occurs
  • Managing Cyber Risk In Your Supply Chain Recorded: Oct 21 2016 61 mins
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    Large data breaches have caused executives to invest significant time and resources in improving cybersecurity within their own companies. But now the attackers are targeting an organization’s weakest links - business partners and contractors who have access to the most sensitive data. How should senior leaders develop a strategy to manage third party cyber risk? Who are the most critical business partners to be concerned about? How can contractual language reduce the risk? Is there a way to gain real-time visibility into the security posture of the supply chain? And what are the regulators saying about all of this?

    Join Jake Olcott, Vice President at BitSight Technologies as he talks about:

    - Assessing your organization’s maturity with respect to managing third party cyber risk
    ​- Building a third party cyber risk management program
    - Regulatory requirements for third and fourth-party cyber risk management
    - Incorporating real-time data into your vendor risk management program
  • How To Gain Actionable Insight Into Cyber Risk With Security Ratings Recorded: Sep 29 2016 30 mins
    Ira Scharf, GM of Worldwide Insurance, BitSight, Dave Bradford, President, Advisen
    With so many different cyber risk metrics being used, how can cyber insurance underwriters and risk managers know how likely a company is to experience a data breach?

    Join Ira Scharf, GM of Worldwide Insurance at BitSight, and Dave Bradford President, Research and Editorial at Advisen as they discuss new correlations between BitSight Security Ratings and data breaches.

    Attendees will learn:

    - Why security ratings are a clear indicator of cyber risk
    - How likely companies with BitSight ratings of 400 or below are to experience a data breach
    - How underwriters, policyholders, and applicants can use BitSight Security Ratings to lower their cyber risk
  • Exploring The Latest Cybersecurity Trends In Major Industries Recorded: Sep 22 2016 36 mins
    Jay Jacobs, Senior Data Scientist, Joel Alcon, Product Marketing Manager
    In 2015, large-scale data breaches have hit all industries, leading to millions of compromised records. According to the Identity Theft Resource Center, there were 780 data breaches in which 177,866,236 records were compromised. While no industry is immune to data breaches, some are more prepared than others.

    In this webinar, Jay Jacobs, Senior Data Scientist at BitSight explains how security posture differs in six key industries. This webinar will highlight new findings on:

    - The most common ransomware infections
    - The rate of ransomware infections found across major industries
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  • Managing Cyber Risk From Third Party Contractors Recorded: Aug 30 2016 46 mins
    Jake Olcott, VP Business Development, Bitsight Technologies
    Many recent data breaches have exploited security weaknesses in the networks of third parties to attack businesses. With supply chains growing and business functions increasingly outsourced, the number of third party organizations with access to your company’s most sensitive data has increased dramatically. How should organizations assess and manage the cyber risk by their vendors and suppliers? What kinds of policies and controls should organizations put in place in order to mitigate third party cyber risk? How can organizations continuously monitor the cybersecurity performance of their critical vendors in real time?

    Getting familiar with third party cyber risk management best practices and industry standards is a good start towards mitigating cyber risk for your organization. Join Jake Olcott, VP of Business Development as he discusses these topics and more.
  • Tips and Tricks For Tackling Vendor Risk Recorded: Aug 11 2016 48 mins
    Andrew Calo, Manager of Technology Risk
    With so many moving parts pushing an organization forward, companies today must know who has access to their data—making vendor risk management (VRM) a critical business practice. Unfortunately, not all organizations have the resources to staff full-time vendor risk managers. Security professionals now must wear multiple hats in order to reduce operating risk for their organizations. Even if vendor risk management isn’t a primary focus, there are techniques and tools security professionals can implement to make it an efficient and valuable process for your company.

    In this webinar, join Andrew Calo, Manager of Technology Risk at BitSight as he offers tips and techniques to efficiently manage and assess vendor risk. Attendees will learn about:

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    -The value and impact of continuous risk monitoring software
  • From Signal to Action: Security Metrics that Drive Business Decisions Recorded: Jul 28 2016 42 mins
    Stephen Boyer, Jay Jacobs
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    Stephen Boyer, CTO and CoFounder BitSight
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    ● How global companies deal with threats such as botnet infections, SSL attacks, and Spam propagation.

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    Jay Jacobs, Aloysius Tan, Chad Hemenway
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    Jay Jacobs, Senior Data Scientist, BitSight
    Aloysius Tan, Product Manager, Advisen
    Chad Hemenway, Managing Editor, Advisen (moderator)
  • Vendor Risk Management: Trends and Market Maturity Recorded: May 10 2016 41 mins
    Stephen Boyer, CTO and CoFounder BitSight
    How do organizations assess and manage the security risk by their vendors and suppliers? What kind of programs to organizations have in place to manage risk, and how mature are these programs?

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    Attendees will also learn:

    - Why vendor risk management is becoming a standard business practice
    - About the challenges organizations face in building a formalized vendor risk program
    - How continuous monitoring solutions and security ratings can help bolster vendor risk management programs
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    Mike Rothman, Securosis | Tom Turner, BitSight
    Recent high profile data breaches have made it obvious that organizations often underestimate the risk their vendors present, and struggle to evaluate third party cyber risk.

    In this webinar Mike Rothman, Analyst & President of Securosis, and Tom Turner, President and COO of BitSight describe how organizations can build a systematic means to evaluate their IT risk presented by business partners and vendors.

    Viewers will learn about:

    - Understanding Third Party IT Risk
    - Structuring Vendor Risk Management Programs
    - Evaluating Vendor Risk
    - Ongoing Vendor Monitoring and Communication
  • Real-time Remediation: Identifying and Addressing Infections with BitSight Recorded: Apr 21 2016 27 mins
    Payal Mehrotra, BitSight Product Manager
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    Cybersecurity is now a #1 concern for board members. What should they know? How should it be presented?

    Richard Clarke knows. As a senior White House advisor to four U.S. Presidents, a member of three corporate boards, and CEO of Good Harbor Security Risk Management, he’s talked cybersecurity in the Situation Room and the boardroom.

    Jasper Ossentjuk also knows how to present cybersecurity in the boardroom. As SVP and CISO for TransUnion, Jasper regularly presents information to his Board about his organization's security posture.

    On March 22 at 2PM ET, join Richard and Jasper for a discussion of:

    - What cybersecurity metrics and measurements are most important for the board
    - Methods for security leaders to communicate security issues across the enterprise
    - How to graphically represent your cybersecurity program
  • The Aggregate Cyber Risk Landscape Recorded: Mar 15 2016 28 mins
    Jay Jacobs, Ira Scharf
    The transition to large scale outsourcing among large and mid-sized companies has increased the number of fourth party connections and the dependency on cloud service providers, web hosting platforms, and other cloud services. As companies rely on a handful of service providers, they become vulnerable to single points of failure in their supply chains. Cyber criminals may be able to breach multiple organizations across different industries through a single attack on a service provider.

    Today, insurance companies lack sufficient visibility into the level of concentration of third party cloud providers in their book of business. To successfully assess and mitigate this level of cyber risk aggregation insurers must identify areas of third party concentration in their portfolios, where a single breach of a compromised service provider could lead to dozens or hundreds of cyber claims.

    Join Jay Jacobs, Senior Data Scientist and Ira Scharf, GM of Worldwide Insurance at BitSight on March 15 at 2:30 PM for a discussion of:

    - Why organizations need to be aware of fourth party connections as they transition to the public cloud and digital systems
    - Which industries could be most impacted by service provider outages and which of these industries rely on obsolete software
    - How insurers will approach cyber risk aggregation
  • Mitigating Cyber Risks With Security Ratings: University of Arizona Case Study Recorded: Feb 23 2016 48 mins
    Stephen Boyer, Chris Schreiber
    The Higher Education sector is a large target for cyberattacks because of their research in science and technology that can be leveraged for commercial gain. However, colleges and universities often have unique requirements and specific challenges to securing their networks.

    In this webcast Stephen Boyer, of BitSight Technologies and Chris Schreiber of University of Arizona discuss:

    - The specific challenges that universities and colleges face in mitigating cyber risk
    - How threats like peer to peer file sharing present greater risk to this sector
    - How universities can use BitSight Security Ratings to mitigate cyber risk and improve their security posture
Find Out How Security Ratings can Reduce Your Company's Risk.
The BitSight Security Rating Platform gathers terabytes of data on daily security outcomes from hundreds of sensors deployed across the globe.

All of the data is externally available and collected without any intrusive testing. Data is classified into several risk categories, including botnets, spam, malware, unsolicited communication, DDoS, and system configuration, and then mapped to an organization's known networks.

BitSight’s sophisticated algorithms analyze the data for severity, frequency, duration, and confidence to create an overall rating of that organization’s security performance.

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  • Title: From the SOC to the BOD: The Board’s Role in Cyber Security
  • Live at: Mar 26 2015 3:00 pm
  • Presented by: Donna Dabney, Executive Director of The Conference Board Governance Center; Bill Ide, Partner at McKenna Long & Aldridge
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