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The Hidden Costs of Disaster Response in the Financial Industry
Manage episode 376951550 series 3489779
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Are you ready to understand the vital role of disaster recovery planning and the importance of cybersecurity in today's digital age? Join hosts Maggie Dillon and Josh as they sit down with Jack Bensimon, who walks us through a disaster recovery manual in a way that's easy to grasp. Jack helps us understand the necessity of preparing for potential disasters, and the crucial role insurance coverage plays in safeguarding businesses. We also delve into the implications of disasters on business continuity and the probable duration of these situations.
Shifting gears, we discuss the growing significance of outsourcing cybersecurity. We highlight the benefits of risk diversification and Jack shares his insights on the differences between IT and cybersecurity, introducing us to the world of corporate governance. As we wrap up, we touch on a rather sensitive topic - personal liability in the financial industry. We explore the complex landscape of the SOX regulation, and the personal attestations expected from public company CEOs and CFOs. We also weigh the prospects of personal liability for mid-level and lower managers should they be involved in severe financial fraud. Tune in for a comprehensive discussion on disaster recovery planning, cybersecurity, and personal liability.
Chapters
1. The Hidden Costs of Disaster Response in the Financial Industry (00:00:00)
2. Disaster Recovery Planning and Cybersecurity (00:00:08)
3. The Importance of Outsourcing Cybersecurity (00:09:20)
4. Personal Liability in Financial Industry (00:18:51)
53 episodes
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