10/16/17 - Phyllis Schneck on Cybersecurity Preparedness
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10/16/17 - Phyllis Schneck on Cybersecurity Preparedness

Promontory Managing Director Phyllis Schneck was featured in a Bank Director article about what financial institutions should do to prepare for cyberrisks.

“The first question I would ask is, what’s the worst thing that could happen to us given the posture we’re at now?” Schneck said. “Bank directors know in their minds what they think is bad, whether it’s [harmful to] their bank’s reputation and brand, or the viability of the bank itself, so they should flip that back to the cybersecurity team and say, ‘What’s the worst impact right now that we can sustain, and prove that to me?’”

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