Russian Residuals

Dan’s response to incoming questions. . .

Another one of those Dan’s New Leaf Posts, meant to inspire thought about IT Governance . . . .

It’s about residual risk.

A lot of people lately have been asking me if the world is on fire now that Russia is trying to attack us from a cybersecurity perspective.   (Now?)

And the last question, from a friend, was more pointed: “should I be moving my money from my bank to my mattress?”

My response: “only if you want prove to me, yet again, how dumb you are.”  (He was one of THOSE old college buddies).

The point being: yes, the inherent risk is going up.  But, to me, where before we were bringing inherent risk from eleven down to a three, now we’re bringing inherent risk from a twelve or thirteen down to…

a three.

Banks should be proud of themselves, and we should also thank our examiners and auditors.

Safety is, always was, and always will be, the reason community-based banks are the anchor of American culture.

Original article by Dan Hadaway CRISC CISA CISM. Founder and Managing Partner, infotex

“Dan’s New Leaf” is a “fun blog to inspire thought in the area of IT Governance.”



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