Alexander Labowitz, General Counsel, Cadre
“Cyber security is cross-functional. It's something that legal will do with the rest of the company. Showing leadership here can be very empowering.”
Randy Sabett, Special Counsel, Cooley
“Over 75% of websites have vulnerabilities. Breaches in companies is about $12 million on average. The situation is bad, and it's actually getting worse.”
“Cyber, as mentioned earlier, is really something that everyone has to get involved in.”
“There are two types of companies. Companies that know that they've been breached and companies that will find out they have been breached.”
Caroline McCaffery, General Counsel, Clarifai, Inc.
“Come up with a short and easy to digest incident response plan.”
“Take a holistic approach to training employees, starting with the moment the employee starts at the company, joins the company, with continuous training every year.”
“Focus on vendor management. A vast majority of data breaches are linked to actual third-party, so not to the hacked company itself, but through a third-party who is doing business with that company.”
“Think of vendor due diligence in two ways: (1) Pure IT security questionnaire and (2) Privacy diligence on the company itself.”
“Between 60 and 80% of phishing emails get clicked when they run their first test on a company.”
“Think about administrative, technical, and physical safeguards.”
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