During the National Settlement Services Summit on June 6-8, in Detroit, one panel will share with you just what to put in your cybersecurity tool kit to be prepared to take those first steps should a cyberattack occur.
There is lots of information out there about the risk of cyberfraud, how to avoid it, requirements to protect your company against it, and what the latest scams are that you need to look out for. But happens when you get that 3 a.m. phone call that your system has been breached? What is your first step then?
During the National Settlement Services Summit June 6-8, in Detroit, one panel will share with you just what to put in your cybersecurity tool kit to be prepared to take those first steps should a cyberattack occur.
The panel includes Amelia Bower, managing partner Chicago office Plunkett Cooney; Tom Linehan, EVP-director National Deposits Group, BankUnited; and Jon Miller Steiger, director, East Central Region, Federal Trade Commission. They will share real life examples and discuss the expectations for how to handle an attack.
Bower said that the biggest issue she’s found is that people don’t know what to do because they think it won’t happen to them.
“If you are in a car accident, [you think] ‘Ok, I’m calling my insurance company,’ but what is your first reaction?” she said. “If you’ve been hit by cyber fraud, people think, ‘I’ll call my underwriter.’ Ok, but that’s not getting you anywhere. ‘Well, I’ll call law enforcement.’ Ok, well that might not get you anywhere.
“The thing that I’ve learned not only in defending these cases but talking to agents is [you need] a safety and security kit,” she said. “You absolutely must have certain things in place that when you get that 3 a.m. phone call that says ‘We’ve been hit,’ it’s almost like a fire drill, what we do automatically without even thinking about it.”
She noted that cybercriminals are changing their schemes fast and do not discriminate against companies.
“We are seeing all different variations of that scam in one form or another,” Bower said. “They are just so sophisticated that there is no real way to keep up with it. As long as people continue to use unsecured email, this is going to happen. And it’s going to happen to the little guys, the big boys and everybody in between.
She said that until it happens to you, all the education doesn’t hit home, yet when it does happen to you, the first thing you think is “What do I do now?” She said the goal is to have attendees walk away with that checklist they can take back to their office and implement.
For more information on the 2018 NS3, including the agenda and a list of speakers, click here. You can register for NS3 online or click here to get information on how to register via mail, fax or phone.