Cyber Part 1: Managing cyber security risk with Shannon Sedgwick, Ankura

YS Up - Governance and Boards

In this episode of YS Up Governance and Boards Podcast, 3YS Owls Governance Consultants, Ainslie Cunningham and Deb Anderson discuss with Shannon Sedgwick, senior managing director of Ankura - cybersecurity, cyber risk strategies for reduction and mitigation of cyber attacks with Shannon providing some helpful hints on how to minimise the impact on SME's in the event of a cyber-attack. "Constant awareness I think is key and constant communication with staff members and the IT and security teams, and just seeing cybersecurity as the business enabler that it can be, not just somewhere that their costs get buried and you forget about it and you hand off the problem to the IT team and the long suffering Chief Information Security Officer. I think it's important that we're all aware that cybersecurity is everybody's responsibility, from individuals through to small Mum and Pop shops, to large corporate businesses and federal government. It's everybody's responsibility, and I think we're going the right way about it. We just need to keep ploughing ahead with those efforts." - Shannon Sedgwick Summary of episode · Strategic cybersecurity · Ankura · Mitigating cybersecurity risks · Risk based approach to protect critical assets · Cyber Insurance as a risk transfer mechanism · Risks posed to brand and reputation damage as a result of a cybersecurity incident · The importance of a robust Incident Response Plan · Cyber criminals and malicious actors · Security for eCommerce sites · Spear phishing and Ransomware attacks and other malicious activity · Data breaches · Australian Cyber Security Centre resources About Shannon Sedgwick Shannon is the senior managing director of Ankura, specialising in strategy, cybersecurity, and governance, risk, and compliance. Shannon Sedgwick is a senior managing director at Ankura located in the Sydney office. Shannon has experience in providing future focus leadership to government and enterprise executives and boards to maximise the benefits of implementing new technologies, align that implementation with their strategic intent, and future-proof their organisations against cyber threats. After over a decade of working globally, consulting on technology, cybersecurity, and governance, risk, and compliance, Shannon has unique and unparalleled insight into what makes an organisation profitable and resilient. Shannon has landed coverage in print and broadcast outlets around the world, including The Today Show, 7 News, Sky News, ITV, KBPS, ABC, 60 Minutes, 2GB, and Sunday Night. His articles have been featured in the Asia Pacific Security Magazine, Australian Financial Review, The Australian, CSO, News.com.au, and university journals. Shannon engages with executives in boards, in both government and private industry, and developed solutions to incorporate cyber risk into their overall business strategy. His focus is on strategic cybersecurity, helping clients make risk reduction and compliance objectives and advising on the implementation of new and evolving technologies by ensuring they are secure, fit for purpose, scalable, and continually driving efficiencies in the target organisation. As ...