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Remember the Cyber-Security Fundamentals

Matt Kelly | September 14, 2015

As you all know better than me, compliance and audit executives spend plenty of time these days worrying about cybersecurity. So when I spent a few days last week on the road talking to compliance professionals, the subject came up quite a bit.

The first bit of good advice I heard came from an old law enforcement guy (all the old law enforcement professionals are guys) who is now an executive at one of the large GRC vendors with a thriving investigations practice. This guy had been working money-laundering investigations since the 1970s, for the FBI and state police and lord knows what other agencies. He has seen a lot. So I started to ask what he and his firm are doing to help companies with cybersecurity.

“Stop,” he said. “It’s not about cybersecurity or cyber-risk or cyber-attacks. It’s cyber-crime, and we need to remember that. We need to remember that there is an underlying crime happening in all of this.”

The guy then told a story. Once upon a...

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