Cyber Part 1: Managing cyber security risk with Shannon Sedgwick, Ankura

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By 3YS Owls Governance Consultants, Ainslie Cunningham and Deb Anderson, 3YS Owls Governance Consultants, Ainslie Cunningham, and Deb Anderson. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
In this episode of YS Up Governance and Boards Podcast, 3YS Owls Governance Consultants, Ainslie Cunningham and Deb Anderson discuss with Shannon Sedgwick, senior managing director of Ankura - cybersecurity, cyber risk strategies for reduction and mitigation of cyber attacks with Shannon providing some helpful hints on how to minimise the impact on SME’s in the event of a cyber-attack.

“Constant awareness I think is key and constant communication with staff members and the IT and security teams, and just seeing cybersecurity as the business enabler that it can be, not just somewhere that their costs get buried and you forget about it and you hand off the problem to the IT team and the long suffering Chief Information Security Officer.
I think it's important that we're all aware that cybersecurity is everybody's responsibility, from individuals through to small Mum and Pop shops, to large corporate businesses and federal government. It's everybody's responsibility, and I think we're going the right way about it. We just need to keep ploughing ahead with those efforts.”
Shannon Sedgwick

Summary of episode
· Strategic cybersecurity
· Ankura
· Mitigating cybersecurity risks
· Risk based approach to protect critical assets
· Cyber Insurance as a risk transfer mechanism
· Risks posed to brand and reputation damage as a result of a cybersecurity incident
· The importance of a robust Incident Response Plan
· Cyber criminals and malicious actors
· Security for eCommerce sites
· Spear phishing and Ransomware attacks and other malicious activity
· Data breaches

About Shannon Sedgwick
Shannon is the senior managing director of Ankura, specialising in strategy, cybersecurity, and governance, risk, and compliance. Shannon Sedgwick is a senior managing director at Ankura located in the Sydney office. Shannon has experience in providing future focus leadership to government and enterprise executives and boards to maximise the benefits of implementing new technologies, align that implementation with their strategic intent, and future-proof their organisations against cyber threats. After over a decade of working globally, consulting on technology, cybersecurity, and governance, risk, and compliance, Shannon has unique and unparalleled insight into what makes an organisation profitable and resilient.
Shannon has landed coverage in print and broadcast outlets around the world, including The Today Show, 7 News, Sky News, ITV, KBPS, ABC, 60 Minutes, 2GB, and Sunday Night. His articles have been featured in the Asia Pacific Security Magazine, Australian Financial Review, The Australian, CSO, News.com.au, and university journals. Shannon engages with executives in boards, in both government and private industry, and developed solutions to incorporate cyber risk into their overall business strategy.
His focus is on strategic cybersecurity, helping clients make risk reduction and compliance objectives and advising on the implementation of new and evolving technologies by ensuring they are secure, fit for purpose, scalable, and continually driving efficiencies in the target organisation. As a non-executive director on various boards, Shannon has a passion for initiatives that tackle issues affecting the disabled, indigenous, and veteran communities.

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About Us - 3YS Owls – Governance Consultants
3YS Owls are a corporate governance firm and incorporated legal practice who specialise in providing a variety of services and solutions across corporate governance, company secretary, board advisory, strategy, risk and business consulting. Contact the team today to see how we can help you.

Transcript
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YS Up - Governance and Boards Podcast is an easy to understand educational podcast covering hot topics in governance, risk, latest regulatory changes and issues keeping directors and executives awake at night. A practical guide to assist in navigating the complex regulatory minefield, increased public scrutiny, erosion of trust, climate change, modern slavery, non-financial risks, systemic cultural problems and other challenges facing companies in Australia in 2020 and beyond. Are you a company secretary, director, board member, C-Suite, executive or senior manager with an interest in governance, risk and regulatory change? Then this is the podcast for you!
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