Build a Solid Foundation for the Global Village”-David Simpson-.pdf
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“Build a Solid
Foundation for the
Global Village”
“Rules of the Game in the Digital World”
David Simpson, Rear Admiral (ret.)
Virginia Tech, Pamplin College of Business
Guancho Forum
August 21st, 2019
Beijing, China
Cyber Risk Exposure is significant &
increasing (2019 IBM/Ponemon Study)
u Yet … wh e n compaies are superb planners, expert in contingency response,
many fail to address reputation risk from cyber
u What are the costs? Direct loss of IP, legal, regulatory, indirect loss of brand
equity, customers, employee productivity
u Avg cost of a data breach: $3.92m globally, $8.19m in the U.S.
u Small Company (less than 500) data breach avg: $2.5m
u Most expensive “data breach” industry: Healthcare
u Average data breach size: 25,575 records
u Malicious Breaches: Most Common, Most Expensive
u Accidental Breaches: 43% of lost records Cloud Configuration Mistakes
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