News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aly McDevitt2022-02-01T13:00:00
DISCLAIMER: This case study depicts a fictional cyber incident based on real-life scenarios described by expert interviewees, media reports, and other publicly available resources. While the details surrounding the characters, company, and ransomware attack are imagined, the business concerns and legal issues raised are plausible and based on actual cases.
It is now Day 2.
In the conference room, several red binders are placed on the glossy table along with coffee cups and bottles of water. The binders are identical from front to back, their pages crisp, barely touched since they were collated last year. In each binder, there is a printed version of VE’s cyber incident response playbook, including a list of the full cyber incident response team (CIRT). Names, roles, contact information, and potential alternates for each role are documented.
The chief executive sits at one of the far ends of the table. She’s making a valiant effort to stay calm under the circumstances. She’s leaning forward in her chair, awaiting each member of her team to speak their piece. Several key stakeholders are on the secure conference bridge, and there are no empty seats at the table.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Take this self-directed, interactive immersive study of a fictional cyber event based on real-life scenarios to deepen your understanding of the importance of crisis management planning and put you in the shoes of a compliance leader during a ransomware attack.
2024-07-02T20:35:00Z By Adrianne Appel
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
2024-07-02T19:43:00Z By Aaron Nicodemus
The U.S. Supreme Court extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision.
2024-03-21T16:00:00Z By Aly McDevitt
Both JPMorgan Chase and Deutsche Bank retained their respective Jeffrey Epstein relationships for too long. Yet, there is a case to be made for why exiting a high-risk relationship too soon can become an inverse form of recklessness.
2024-03-20T16:00:00Z By Aly McDevitt
Why did JPMorgan Chase retain Jeffrey Epstein for more than a dozen years? How did the relationship persist despite glaring red flags? The “why” is straightforward; the “how” is more complicated.
2024-03-19T16:00:00Z By Aly McDevitt
Jeffrey Epstein’s designation as a high-risk client should have subjected him to enhanced due diligence that never appeared to occur, most notably at Deutsche Bank. Instead, Epstein was allowed to continue his misconduct despite numerous red flags.
Site powered by Webvision Cloud