Cybersecurity and Data Privacy with Fred Karlinsky & Travis Wong
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Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
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In anticipation of Data Privacy week (January 25th\\u201228th, 2023), Justin Smulison is joined by Fred E. Karlinsky and Travis Wong to discuss all things cybersecurity and data privacy.
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Joining in the first half of the podcast is Fred E. Karlinsky, a shareholder and Co-Chair of the Insurance Regulatory & Transactions Practice at the Florida law firm, Greenberg Traurig. Fred is also a member of the RIMS External Affairs Committee and will be one of the panelists joining the RIMS External Affairs webinar on January 5th titled, \\u201cHow Cyber Insurance is Shaping the Insurance Industry.\\u201d In his conversation with Justin Smulison, he provides an overview of the webinar and discusses how cyber and risk management trends are overlapping this year and in 2023.
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Travis Wong, the VP of Risk Engineering and Security Services at Resilience Insurance, joins the podcast in the second half to offer a deeper perspective on data privacy topics against the backdrop of current events. He lends his expertise on cyber security trends, the FTX collapse, and organizations that are at risk for data breaches, and shares his advice on what organizations can do to better protect their remote employees.
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Key Takeaways:
[:01] About the RIMS Membership.
[:14] Registration for RISKWORLD 2023 is now open!
[:33] About RIMScast.
[:50] About today\\u2019s episode!
[1:00] All about upcoming RIMS webinars, workshops, events, and more!
[1:53] About \\u201cRIMS Letter to Federal Insurance Office Supports the Development of a Cyber Insurance Backstop.\\u201d
[2:27] Justin introduces today\\u2019s first guest, Fred E. Karlinsky.
[3:11] Justin welcomes Fred to the podcast.
[3:36] What can risk managers learn from the FTX collapse?
[4:50] What \\u201cRIMS Letter to Federal Insurance Office Supports the Development of a Cyber Insurance Backstop\\u201d details and why it is important.
[6:15] Fred shares some updates from the RIMS External Affairs Committee.
[8:03] What to expect from RIMS External Affairs\\u2019 upcoming webinar, \\u201cHow Cyber Insurance is Shaping the Insurance Industry.\\u201d
[10:27] Justin thanks Fred for joining the podcast!
[11:15] RIMS Plug time! All about upcoming workshops and webinars.
[12:10] One Hot Minute with Scott Fenstermaker to discuss the upcoming webinar: \\u201cRoyal Caribbean Group Creatively Uses RMIS to Boost Wellness.\\u201d
[14:31] Justin introduces and welcomes Travis Wong to the podcast!
[15:19] About Travis\\u2019 career and his role as VP of Risk Engineering and Security Services.
[15:48] Trends in cyber security and privacy breaches that Travis has witnessed in 2021\\u201222.
[17:11] The industries that threat actors mainly target.
[18:34] Has the FTX collapse changed the way that threat actors view crypto?
[19:50] How did public or private organizations demonstrate cyber resiliency in 2022?
[22:04] How can businesses ensure that they have formal and efficient processes in place to comply with CCPA and GDPR transparency requests?
[24:40] Travis\\u2019 tips and advice for organizations on protecting remote employees.
[28:08] Justin thanks his guests for joining the podcast and shares some links to check in today\\u2019s show notes.
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Mentioned in this Episode:
RIMS Letter to Federal Insurance Office Supports the Development of a Cyber Insurance Backstop
From Risk Management Magazine:
\\u201cInsurance Coverage For Jackware Attacks,\\u201d by Daniel J. Healy & Robert M. Horkovich
\\u201cPreparing for New U.S. Data Privacy Laws,\\u201d by Ben Richmond
\\u201c4 Principles to Improve Your Data Privacy Program,\\u201d by Ray Pathak
RIMS Events, Education, and Services:
RISKWORLD 2023 \\u2014 April 30\\u2012May 3 in Atlanta, Georgia! Member registration is now open!
RIMS Events App Apple | Google Play
NEW FOR MEMBERS! RIMS Mobile App
Contribute to RIMS Risk Management magazine
Dan Kugler Risk Manager on Campus Grant
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Upcoming Webinars:
\\u201cProtect Against Machinery Breakdown and Supply Chain Delays\\u201d | Sponsored by T\\xdcV S\\xdcD GRC | Dec. 8, 2022
\\u201cRoyal Caribbean Group Creatively Uses RMIS to Boost Wellness\\u201d | Sponsored by Riskonnect | Dec. 13, 2022
RIMS External Affairs Presents: \\u201cHow Cyber Insurance is Shaping the Insurance Industry\\u201d | Jan. 5, 2023
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\\u201cWhat to Expect from Cyber Insurance in 2023 and Beyond\\u201d | Sponsored by Telos | Jan. 24, 2023
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See the full calendar of RIMS Virtual Workshops
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\\u201c2022 Midyear Risk Review with RIMS Publications Director Morgan O\\u2019 Rourke\\u201d
\\u201cGetting to Know Jackware with Dan Healy of Anderson Kill\\u201d
\\u201cCloud Security Risks with Google\\u2019s Monica Shokrai\\u201d
\\u201cRoadway Risks: AI, Autonomous Vehicles, & Automated Driving\\u201d
\\u201cRansomware Risks and \\u2018Responding Gracefully\\u2019 with Masha Sedova\\u201d
\\u201cCyber Breach Responses with Kate Fazzini, Flore Albo CEO\\u201d
\\u201cThe World of Cybersecurity with NCSA\\u2019s Kelvin Coleman\\u201d
\\u201cCybersecurity Frameworks with NIST Fellow, Ron Ross\\u201d
\\u201cCyber Risk News & Trends with Tony Anscombe\\u201d
\\u201cCyber Risk News & Trends with Tony Anscombe, Part 2\\u201d
\\u201cCybersecurity in a COVID-19 World with Luke Wilson\\u201d
\\u201cCybersecurity Tips for Small Businesses with Daniel Eliot\\u201d
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RIMS Publications, Content, and Links:
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RIMS-CRMP Stories \\u2014 New interview featuring RIMS-CRMP Chairman Ward Ching!
Spencer Educational Foundation
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Want to Learn More?
Keep up with the podcast on RIMS.org and listen on iTunes.
Have a question or suggestion? Email: Content@rims.org.
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Join the Conversation!
Follow @RIMSorg on Facebook, Twitter, and LinkedIn.
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Follow up with Our Guests:
Fred E. Karlinsky\\u2019s LinkedIn
Scott Fenstermaker\\u2019s Website
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Tweetables (For Social Media Use):
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\\u201cAt the end of the day, the fundamentals stay the same. You need to prepare. If you fail to prepare, prepare to fail.\\u201d \\u2014 Fred E. Karlinsky
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\\u201cWhat I think is going on in the world we live in today when we think about risks [is that] cyber risks are probably the ones that are the most prevalent. They affect all of us.\\u201d\\xa0
\\u2014 Fred E. Karlinsky
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\\u201cI would say \\u2026 over the last year or so, government entities and technology companies in particular [are targets for cyberattacks]. Those companies with a lot of PII or Personally Identifiable Information \\u2026 have been significantly hit.\\u201d \\u2014 Travis Wong
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\\u201cThe first thing I would tell clients is: \\u2018Please understand what you have.\\u2019 You need to inventory your data; you need to manage it. You can\\u2019t protect what you don\\u2019t know exists. You can\\u2019t provide transparency to consumers if you don\\u2019t know you have it somewhere.\\u201d \\u2014 Travis Wong
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\\u201cEnsure you have a solid foundation. Know where your key data is, know who has access to it, and know what type of data that actually is. Inventorying it is one thing, classifying it is something else.\\u201d \\u2014 Travis Wong
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