5 Questions the NY Attorney General is Asking TransUnion and Experian, and CEOs Should Be Asking Themselves

By Jessica Robinson via Iris.xyz

5 Questions the NY Attorney General is Asking TransUnion and Experian, and the 5 Questions CEOs Should Be Asking Themselves (and Their Team)

Leading cybersecurity can be challenging as a CEO if you don’t know what questions to ask. A top down approach is necessary for an organization to be successful in creating a cyber security culture.

With the recent Equifax breach, many CEOs who haven’t paid attention in the past are starting to ask questions. The truth is, it doesn’t matter what industry you are in, or how many employees or clients you have, just the fact that you exist as a business owner, or entrepreneur, makes you a potential target. Just like being a consumer makes you a potential victim of a breach at every place you spend money.

As a CEO, if you have large B2B clients, irrespective of industry, then that can make you a potential target for a beach because a hacker may want to use your company to get to your client. According to a study by the Identity Theft Resource Center, as many as 42 colleges and universities were victims of cyber-attacks in 2014 alone. The number of U.S. data breaches tracked through June 30, 2017 hit a half-year high of 791. This represents a significant jump of 29% over 2016 figures during the same period. According to SANS, ransomware is the top attack threat to financial institutions (55%), followed by phishing (50%).

Additionally, if you do business with, purchase from or take money from a business that has been breached, that makes you vulnerable. Since 90% of breaches impact small businesses, as a CEO, you can’t escape cyber security, no matter how small you are.

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