In the latest episode of Axio’s Executive Insight Series, CEO Scott Kannry sat down with Jena Valdetero, Co-Chair of Greenberg Traurig’s U.S. Data, Privacy and Cybersecurity Group. Their conversation delved into critical aspects of cybersecurity governance, incident preparedness, and regulatory compliance, offering practical advice for organizations navigating today’s complex cyber risk landscape.
Key Discussion Points:
- Impact of SEC Rules on Cybersecurity Governance: The SEC’s disclosure rules have heightened board-level focus on materiality and transparency, challenging organizations to adapt to rapidly evolving regulatory requirements during incidents.
- Evolving Regulatory Landscape: State and federal regulations, such as New York DFS Regulation 500, are mandating cybersecurity measures, simplifying stakeholder conversations while increasing compliance costs.
- Best Practices for Cybersecurity Governance: A strong incident response plan and regular tabletop exercises with executive leadership are essential to align business and technical priorities for effective crisis management.
- Lessons from Real-World Scenarios: Organizations often underestimate ransomware recovery timelines and overlook the importance of cost-tracking and pre-negotiated vendor contracts for seamless insurance claims.
- Advice for Security Leaders: Security leaders should secure employment agreements that address personal liability and assess workplace culture to ensure alignment with strong cybersecurity values.
This insightful discussion underscores the importance of proactive governance, alignment with regulatory expectations, and fostering a culture that values cybersecurity resilience.
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