Information security has been an intriguing part of our past, is a critical part of our present, and will be a defining factor in our future. There are actions that must be addressed at the micro/individual level and challenges we must collaboratively address as an industry moving forward.
The economics of security are clear: “There is no financial stability without cybersecurity,” writes Loretta J. Mester, President and CEO of the Federal Reserve Bank of Cleveland. Indeed, the perception of poor cybersecurity has been shown to reduce stock price and stock price multiples, harm brand reputation, lower market share, reduce sales, precipitate fines, add legal expenses and make it harder to hire quality employees. To have a future requires mastering information security.