The principles of cyber risk management: What does good security look like?

This article first appeared in Cybersecurity Law & Strategy, an ALM publication for privacy and security professionals, Chief Information Security Officers, Chief Information Officers, Chief Technology Officers, Corporate Counsel, Internet and Tech Practitioners, In-House Counsel. Visit the website to learn more.

In the world of cyber risk, we are dealing with unprecedented events. Apart from headline grabbing attacks such as the global malware incident that impacted Mondelēz’s business and the Russian military-run global cyber-attack, NotPetya, we are now seeing an epidemic of cyber attacks.

Concern has shifted from dealing with data being stolen and sold on the dark web to handling serious ransomware and destructive attacks, where attackers are looking for immediate monetary output. This is the new threat.