Kim Peretti, co-chair of the firm’s Security Incident Management & Response Team, and Jason Wool, an associate in the firm’s Technology and Privacy Group and Security Incident Management & Response Team, along with Kiersten Todt and Roger Cressey of Liberty Group Ventures, LLC, coauthored the CIO Insight article, “Five Steps to Strengthening Cyber-Defenses.” In the article, Peretti et al discuss five risk management steps that companies can take to better manage cyber-risk and reduce their liability exposure after a breach occurs. These steps include changing corporate culture and shifting company mindset, connecting the IT/Information Security and Legal departments within the company, using the National Institute of Standards and Technology (NIST) Cybersecurity Framework, ensuring that cybersecurity is a priority in the company’s negotiations with vendors and partners, and planning for the inevitable with robust incident response plans and exercises thereof. The article notes that these steps do not emphasize technology itself. Instead, Peretti et al argue that focusing on people and policies is an essential means of reducing cyber-risk and ensuring corporate resiliency.
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