Financial Institutions - Theft of Information
Theft of Information is present in every organization and varies widely concerning value. The value of information is directly related to its criticality to the business. However, information can be further characterized along a continuum of data, information, and knowledge that reflects variances.
“Data becomes information when endowed with relevance and purpose;” there are numerous motivating factors for threat actors and criminals to steal data, such as aiding in the theft of funds, disrupting operations, and increasing capabilities for further data theft. While the value of financial or physical assets is typically straightforward and quantifiable, the value of various forms of information is harder to measure. Information theft is unique compared to other types of theft; information theft generally does not result in depriving the asset owner of the asset because the theft is usually executed as a data copy or as an action intended to deprive legitimate users of accessing the system or data.
Organizations must understand where their crown jewels are in the organization so they can be protected accordingly.
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How can a vCISO help your organization?
The CISO role is all about the strategy, leadership, management, and communication of how potential threats will be assessed and solved.
The CISO will absorb the big picture and dismantle it and restructure it to ensure it meets the initiatives of the department and the organization.
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