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Article: HACKED; Data heists teach lessons in cyber risk management.(NEWS)
- Article from:
- Business Insurance
- Article date:
- August 24, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: MARK A. HOFMANN
The indictment of an alleged master hacker in massive data thefts underscores the role that risk managers play in information technology security, experts say.
Risk managers need to recognize the risk and encourage coordination among various departments involved in dealing with corporate data breaches. Risk managers are key in considering what risk transfer options are best in an IT-related loss, experts say.
An indictment last week by a Newark, N.J., federal grand jury accused U.S. citizen Albert Gonzalez, two unnamed accomplices believed to have "resided in or near Russia and an unindicted U.S.-based co-conspirator of ...