Tuesday, May 07, 2013

GMM Panelists Share Tips on Strengthening Cybersecurity

Cybersecurity gained prominence as a topic of discussion at ICI’s General Membership Meeting (GMM), held last week in Washington, DC. “Hugely important,” said Mary John Miller, the Treasury Department’s under secretary for domestic finance, in her GMM remarks. Likewise, Securities and Exchange Commission Chairman Mary Jo White told GMM attendees that addressing online vulnerabilities must be “a constant focus for both the regulators and the broader business community.” 

That focus also was on display May 3 at the Operations and Technology Conference, where a panel of technology experts explored the origins and implications of cyberattacks. Panelists also provided the audience with cybersecurity advice, including the following pointers.

1. Check Every Link in the Chain

“Any of your service providers could be attacked and could leak data,” said Stewart A. Baker, a partner at Steptoe & Johnson LLP. Baker, who helped formulate U.S. cybersecurity policy as assistant secretary for policy at the Department of Homeland Security and as general counsel of the National Security Agency, urged attendees to get assurances from all service providers about data security arrangements.

Panelist Avivah Litan, vice president and distinguished analyst at Gartner Research, agreed that understanding the security of service providers was essential. “We’re only as strong as the weakest link,” she said.

Full story at ICI Viewpoints