Former FBI Agent Talks Cyber Security With Deloitte

Vigilance can take security only so far. It's time to focus on resilience.

Your organization has been breached. Now what? According to Mary Galligan, retired FBI agent formerly in charge of cyber and special operations, that question is rarely given due consideration.

Try as it might, it is economically unfeasible for a corporation to lock down everything in its system. And many of the things that businesses do in order simply to grow and innovate, including expanding third-party relationships, M&A, and hiring additional employees, will exasperate risks.

[ The Key to Unlocking the Internet of Things for Insurance. ]

The traditional multi-faceted approach to data protection -- security, vigilance, resilience -- has been given a skewed budget, largely allocated to security. This has left resilience, or the ability to respond to increasingly inevitable attacks, rather underdeveloped.

Galligan says today's definition of "resilience" has evolved from simply how to recover systems to full-on crisis management. At the Cybersecurity in Financial Services event hosted by Deloitte and BITS, she explained that proper communications, legal consultations, and increasingly cyber insurance have become prominent elements of resilience.

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Becca Lipman is Senior Editor for Wall Street & Technology. She writes in-depth news articles with a focus on big data and compliance in the capital markets. She regularly meets with information technology leaders and innovators and writes about cloud computing, datacenters, ... View Full Bio