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
Dans New Leaf is a fun blog to inspire thought in the area of IT Governance.
