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Unit 21: Cybersecurity: Preparing for the Inevitable
It’s not a matter of if your bank will be hacked, but when—and your bank should be prepared when the inevitable occurs. A cyberattack or data breach is costly, and can result in reputational damage if customer data is stolen and possible enforcement action if the regulator concludes that cybersecurity controls were lax. In this video, Raj Chaudhary of Crowe Horwath LLP addresses the board’s role in cybersecurity, the importance of an incident response plan and the need to train both board and staff to better protect the bank. Topics include: Cybersecurity Oversight The Elements of an Incident Response Plan...
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