5 best cybersecurity practices from a CIO roundtable

More than 20 CIOs registered for the The Society for Information Management New Jersey Chapter's CIO Roundtable event, which took place June 8 in Mahwah, N.J.

Cybersecurity was the roundtable topic. Here are five best practices offered by the CIOs in attendance, as reported by CIO Insight.

• Create an incident response plan and testing it regularly, at least on an annual basis.
• Mark all emails which emanate from outside your company with the word "external" to alert users to potential phishing attacks.
• Purchase cyber-insurance to minimize financial risk and exposure.
• Be fully aware of all state and federal laws governing time horizons for customer notification in the event of a data breach.
• Thoroughly evaluate the need to outsource tasks and manage data, as doing so can create additional points of vulnerability for attack.

Roundtable attendees also completed a brief exit survey. Here are some of the standout results.

• Survey respondents who reported being the victim of a successful breach: 50 percent
• Survey respondents who acknowledge that their company had previously detected attacks on their environments: 100 percent
• In instances of successful attacks, the number of survey respondents who reported law enforcement as first to detect the breach: 25 percent
• Cybersecurity budgets of respondents' organizations ranged from 1 percent to 10 percent of total IT spending.
• Fewer than 25 percent of respondents reported their cybersecurity budgets to be inadequate.

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