The White House succumbed to it. Target wasn’t immune. JP
Morgan Chase had to deal with it. And the National Institutes of Health faced
it, too. With more than 65
million records compromised in data breaches in 2014 alone, the question
for bankers, merchants and others isn’t if, but when.
So when the Arditti Center for Risk Management decided to
host its first cyberrisk conference, the theme was pretty clear—what can
institutions do in the aftermath of a data breach?
“We saw many conferences in this arena that described the
threat,” says Thomas Edwalds (pictured above), executive director of the Arditti Center for Risk
Management, which is co-sponsoring the event. “But they didn’t provide any
actionable solutions. We wanted to provide both sides of the equation.”
The one-day conference, called “After the Breach,” on Dec. 2 is co-hosted by the Arditti Center and DePaul’s
College of Computing and Digital Media.
In the past, digital associations and businesses often would
sponsor such a conference, but Edwalds says cybersecurity isn’t relegated to IT
directors any more. Increasingly, risk managers in all industries have to
become better informed about the cyber threat and how to deal it.
“Health care records sell for considerably more on the open
market than credit card information,” Edwalds says. “Security isn’t just a technology
problem. All institutions, be they banking, health care or government, have a
stake in managing and preventing cyberrisk.”
The conference features a vast array of major players from
around the banking, technology, government and corporate world. From the Federal
Bureau of Investigations to Fleishman Hillard public relations,
the conference promises to showcase an expansive display of case studies
that will help risk managers in a variety of fields find solutions to the next
data breach problem. It also will feature a live hacking demonstrating by Andrew Hoog of via Forensics. Hoog will start the conference with a demonstration of phone hacking and discuss the current state of mobile security through the use of statistics.
Nationally Known Cyberrisk Authority to Speak
Headlining is Peter W. Singer, (pictured left) one of the foremost experts
on security, including military, cyber and national security. Singer, No. 83 on
Foreign Policy Magazine’s top 100 list of global thinkers, penned Cybersecurity and Cyberwar: What
Everyone Needs to Know.
“For this conference we’ve taken the attitude that it’s
going to happen, now what can you do about it if it does,” says Edwalds. “How
do you properly manage the data breach without it crippling your entire
Edwalds says the conference makes an important statement
about the center and DePaul’s role in the risk industry. He says the center
plans to host more events along these lines, as well as develop a new DePaul
graduate program that offers students skills they need to create practical,
real-world solutions for 21st century problems in risk management.
“We want the center and DePaul to be known as the hub for all
things risk management,” Edwalds says. “That includes cyber, legal, business, market, and
systems risk. Our mission and goal is to help risk managers learn what they
need to know to do a better job at managing risk for their institutions. This
includes managing cyberrisk.”