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ARTICLE · 07 JULY 2015

Understanding Cyber-Risk: Our 10 Key Takeaways

All the experts say, there are two kinds of business: those which have been subject to a cyber-breach, and those which do not know they have been subject to a cyber-breach.

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All the experts say, there are two kinds of business: those which have been subject to a cyber-breach, and those which do not know they have been subject to a cyber-breach. Which business are you?

We were privileged to moderate a very insightful cyber-security discussion in Dublin on 30 June in association with the Embassy of the United States of America. The speakers were The Honorable John P Carlin, Assistant Attorney General for the National Security Division of the US Department of Justice, Sean M Joyce, Principal Advisor to PwC, from McLean, Virginia and Jenny Durkan, of Quinn Emanuel, Seattle, Washington State.

Here are their 10 key tips on managing cyber-risk.

  1. Do not delay: There is no greater threat to business than cyber-threat. Doing nothing is not an option. Do not put this to the bottom of your 'To Do' list. Start dealing with it today. Remember, cyber-threat is not an IT problem: it is an enterprise risk. The operating assumption should be that

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