Information Security Basics: Board of Director’s Edition
This discussion reinforces the need for engagement by the Board of Directors (BODs) and senior management in understanding their institutions’ risks, monitoring potential threats, establishing a “dynamic control environment,” effectively overseeing third party relationships, and developing and testing plans for business recovery and continuity after a cyber-attack.
BODs are ultimately responsible for the security of customer information, proving expectations and direction to management. Their responsibility includes approving financial investments into cybersecurity and creating accountability for security operations. Board members need to better understand cyber security so that they can make good decisions, allocate the necessary resources and provide the oversight regulators require.
Examiners are tired of seeing that “the board doesn’t get it” or “the board just rubber stamps our information security program annually.” This was highlighted in the 2015 Cybersecurity Assessment guidance from the FFIEC, which was derived from over 500 special assessments of financial institutions. This discussion will enable you to make a difference by addressing the board’s information security awareness deficiencies and breaking down your Information Security Program into bite-sized pieces for the board to digest. Board members need clarity on CORE items as it relates to Information Security.
- IT risk assessment
- Policies and procedures
- IT audit
- Continual education
Current and prospective board members, senior officers, risk managers and IT officers. A background in IT or information security is not required.
Dr. Kevin Streff is the founder and visionary behind Secure Banking Solutions, a premier cybersecurity consulting and audit firm dedicated to making a positive impact on the financial services industry. Dr. Streff is a Professor and Chairman of the Department of Cyber Operations at Dakota State University, one of 13 programs designated by the NSA as a Center of Academic Excellence in Cyber Operations. He is also the founder of InfraGard-South Dakota. With over 25 years of experience, Dr. Streff has extensive knowledge of the industry and speaks nationally on cybersecurity issues and solutions.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2 hours/session
Member price: $275.00 | Non member price $550.00
Member price: $295.00 | Non member price $590.00
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