This information is from my new book, The Ultimate Business Continuity Success Guide: How to Build Real-World Resilience and Unleash Exciting New Value Streams. Happily it is now Amazon’s #1 searched business continuity book. I hope you enjoy the chapter. and the book.
Business Continuity Tips, Techniques and Secrets
Cyber Security Breach CEO Retired, Fired, Gone
I compiled this ready to use list in case your management is not paying attention or does not understand the criticality when you alert them to cyber threats, vulnerabilities and infrastructure risks. You can cherry pick some examples from this list that just might get their attention.
Unfortunately, this list expands at an alarming rate, often on a weekly basis. When a cyber security breach occurs it is often the ‘C’ (Chief executive) that is held accountable, and loses his/her job. The well-coiffed public story may that he or she resigned to spend more time with family or he or she retired… In reality it is most likely they were either fired or pressured to resign. The impact is, the person who was in the seat before the cyber issue is no longer employed by the organization.
Cyber security breaches, malware and hacking are big issues to C levels. When I interview C levels one of my questions is, as you have heard me say over and over, ‘what keeps you up at night?’ The past few years it has ALWAYS been data breaches, ransomware, viruses and critical systems not being available. Many realize that just one cyber-attack that paralyzes the organization and they may be ‘retired’!
Here are an unlucky 13 breaches. I am sure, with minimal research, you can add many more:
Equifax (R) – CEO – ‘Retired’
Sony Pictures (R) – Co-Chair – OUT
Sony Playstation (R) – CEO – Resigned – OUT
Target (R) -CEO – Resigned – OUT
Target (R) – CIO – Resigned – OUT
Ashley Madison (R) – CEO – OUT
Experian (R) – CEO Resigned – OUT
Anthem (R) – investors said time to remove the CEO
AOL (R) – CTO – OUT
Utah State Department of Technology Services – Head of Technology Services – Fired
Austrian aerospace parts manufacturer FACC (R) – CEO – Fired
U.S Office of Personnel Management (OPM) – CIO – Resigned
Maricopa County Community College – CIO – Fired
Bangladesh Central Bank – Bank Chief – Resigned
In the following chapters we will discuss strategies to help secure your systems.