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In this episode...

Standard & Poor's Adding Cybersecurity to Ratings
- The headline
  - In a report issued this week, the rating agency says it could issue a downgrade before a cyberattack if a bank looked ill-prepared, or following a breach that causes significant damage to a bank's reputation or which leads to substantial monetary losses or legal damages.
- Behind the curve? Stop.
  - Michael wrote about it this week - stop calling it gaps…
- 16 questions… good start?
  - How long has it typically taken to detect a cyberattack?
  - What containment procedures are in place if the bank is breached?
  - How many times was the business the target of a high-level attack during the past year, and how far did it reach in the system?
  - What's the internal phishing success rate?
  - What kind of expertise about cyberattacks exists on the board of directors?
  - How much does the bank spend on cybersecurity, what resources does it devote, and what is the total tech budget this year versus last?
- Including security in the ratings - and we’re crying?
- Claim this leads to more insurance… how about that…
- http://www.bankinfosecurity.com/sps-cybersecurity-warning-late-to-game-a-8556
Crisis Services Top Insurers’ Cyber Claims Payouts; Average Claim at $674K
- This is interesting; and it’s a good data point, too -- in contrast to the “costs” we hear about in briefings all the time.
- Saw other stories that suggested the insurance is going to get jacked… of course they are.
- More insurance, more insight, more claims, more data…. this is all good

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DtSR Episode 165 - NewsCast for October 19th, 2015

Down the Security Rabbithole Podcast (DtSR)

DtSR Episode 165 - NewsCast for October 19th, 2015