Cybersecurity has been a recurring issue for many regulated firms, and a concern of the Central Bank, even before Covid-19 hit our shores.

In this Cybersecurity episode, we discuss the possible risks that may have been introduced when firms had to move fast and provide working-from-home capabilities, in response to the measures imposed as a result of Covid-19.

We are joined by our standing co-host, Shannon Eastman, and by Code in Motion's Sam Glynn, an IT advisor to regulated firms who helps CFOs and COOs go from unsure to secure.

We discuss how new and smaller firms may have been ready to work remotely, but how older, risk-averse, and bigger organisations may not be prepared for such a setup given their more traditional approach of securing everything in a secure location.

Depending on the size of their employee base and complexity of their IT systems, we also discussed others factors to consider, including:

• How firms struggled to quickly provisioning laptops to all employees as part of their response.
• How many may have been forced to enable staff to access corporate systems and data from non-corporate devices – e.g. email from personal phones
• The 3 states a firm can be in when thinking about cybersecurity – Hopeful, Comfortable, Provable.
• The 3 Phases a firm have to go through in their business continuity response, and the importance of doing the third phase.
• How a firm should focus on what has changed in their IT setup as a result of their Covid-19 response, and ensure new risks are identified, monitored, managed and mitigated.