Kelly Nicholson (Field Law) was the Chair of this panel. Panel
participants were Linda Dalgetty (Vice President (Finance and
Services), University of Calgary) and Justin Fong (Partner,
Cyber-Security Division, Deloitte).
Justin detailed how cyber-attacks have risen to number five on
the world's top threats list. As the data volume of our
organizations increases, so too does our risk of attack. There are
a number of different kinds of "hackers" (from casual
limited attacks to advanced, persistent threats from hostile
nation-states). Alarmingly, most cyber-attacks go unnoticed at
first: it takes an average of 241 days to detect an attack and
begin to respond.
In May of 2016, the University of Calgary suffered a catastrophic
ransomware attack affecting a number of key areas. Linda Dalgetty
discussed the importance of utilizing your resources (including
following insurance recommendations) and ensuring your board of
governors is ready to respond in a timely