New Guide Helps CFOs Prepare for Cyber Attacks

The American National Standards Institute and the Internet Security Alliance released a new action guide on Monday to help business executives analyze, manage, and transfer financial risks related to a cyber attack. Critical vulnerabilities in the world's financial systems place the world's security at risk, leaders of the organizations said.

"The Financial Impact of Cyber Risk: 50 Questions Every CFO Should Ask" is "revolutionary in its approach and extremely practical in its application. It will assist organizations in taking the necessary multi-dimensional approach to managing their cyber infrastructure by shifting the locus of control to the Chief Financial Officer," said Larry Clinton, ISA's president.

ANSI and ISA noted the Congressional Research Service in 2004 estimated the annual economic impact of cyber attacks on businesses at more than $226 billion, and in 2008, Homeland Security Secretary Michael Chertoff named cyber risks one of the nation's top four priority security issues. "We are experiencing a financial meltdown due to a fundamental misunderstanding and mismanagement of modern financial systems, which is generating a crisis of confidence in our core institutions. Today, all our critical infrastructures are reliant on cyber systems that are also misunderstood and mismanaged. These vulnerabilities place both our financial and physical security in jeopardy unless we update the method we use to control our cyber systems," Clinton said.

The guide was developed by a task force representing more than 30 private and public organizations. Two thousand copies of it are being sent to executives at leading U.S. companies. Electronic copies are available for a free download. "By bringing together a diverse group of cyber security experts, ANSI and the ISA have identified the potential gaps in the process of analyzing cyber risk," said Fran Schrotter, senior vice president and chief operating officer at ANSI. "We have given C-Suite executives a tool that will assist them in developing and implementing a cyber risk management plan for their organization."

Product Showcase

  • AirChek Connect Sampling Pump

    Stay connected to your sampling with the SKC AirChek® Connect Sampling Pump! With its Bluetooth connection to PC and mobile devices, you can monitor AirChek Connect pump operation without disrupting workflow. SKC designed AirChek Connect specifically for all OEHS professionals to ensure accurate, reliable flows from 5 to 5000 ml/min and extreme ease of use. AirChek Connect offers easy touch screen operation and flexibility. It is quality built to serve you and the workers you protect. Ask about special pricing and a demo at AIHA Connect Booth 1003. Read More

  • SwabTek® Cannabis Test Kit

    The SwabTek® Cannabis Test Kit is a single-use spot test designed for use in screening for cannabis compounds in any sample type or on any surface. The test is capable of identifying the presumed presence of cannabinoids in very small quantities, with a level of detection as little as 6 μg in mass. Learn more about the SwabTek® Cannabis Test Kit and the rest of SwabTek surface drug testing solutions through the webinar titled "Everything You Want To Know About Surface Testing" Read More

  • SECUPRO MARTEGO

    FOR HIGHEST DEMANDS. A cutting tool in which function and design go hand in hand. Meet the SECUPRO MARTEGO, our prize-winning squeeze-grip safety knife with fully automatic retractable blade for safety. • Ergonomically friendly trigger mechanism to engage the blade • Durable body made of aluminum • Safer alternative to fixed blade utility knives for general cutting tasks • 9 mm Cutting depth • Easy, tool free blade change Dimensions: L 6.10" L x 0.71" W x 1.91" H Weight: 3.70 oz Cutting Depth: 9 mm Read More

Featured

Webinars