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Boards are on high alert over security threats

Discussion in 'CSO' started by RSS, Apr 27, 2015.

  1. RSS

    RSS New Member Member

    When Anthem revealed in early February that hackers had breached a database containing the personal information on 80 million of its customers and employees, the news hit a little too close to home for Gary Scholten, executive vice president and CIO of Principal Financial Group. His first order of business that day was to gather all the information he could to reassure his board of directors that the financial services provider did not have similar vulnerabilities.

    He contacted the industry's Financial Services Information Sharing and Analysis Center to get detailed intelligence on the exact nature of what Anthem publicly called a "very sophisticated external cyber attack" and was able to assure his board members that Principal's customer and employee data was not at risk from the type of attack launched against Anthem.

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