Prepared for the Worst: Understanding the Costs and Strategies for Dealing with a Data Breach

Webcast Available on Demand

Duration: 1 hour 

Sponsored by LifeLock

Webcast Summary

If your company handles personally identifiable information—and every business does—the loss of that data due to a breach can result in harsh consequences, from compliance fines to business disruption to a tarnished reputation.

Not all data breaches are caused by the same method; some are the result of malicious attacks on IT infrastructure while others are accidental. Regardless of cause, a data breach can effect financial damages, including cash outlays for incident response, forensic investigation, employee or consumer outreach, and accounting for customer attrition. 

It’s nearly impossible to accurately forecast a data breach since companies don’t know attackers’ intentions. But CFOs don’t have to be caught flat-footed when a breach happens. 

During this Webcast, Eric Warbasse, Senior Director of Financial Services and Breach Response with LifeLock, and Bill Dean, Director of Forensics and Security Assessments with Sword & Shield Enterprise Security, will share with attendees:

  • How to calculate the cost of the most common components of breach discovery and response;
  • Examples of direct and indirect expenses incurred as the result of a breach;
  • Best practices for reducing the costs associated with a breach; and
  • The role the CFO plays in data breach response, and how advance preparation can mitigate personal and corporate reputational issues. 

About the Panelists

Eric Warbasse, Senior Director, Financial Services and Breach Response, LifeLock Eric Warbasse

Eric Warbasse joined LifeLock’s sales and marketing department in 2007, where his experience in sales and marketing with Fortune 1000 companies contributed to a quick move up the ladder at LifeLock to become Senior Director of Financial Services and Breach Response. Warbasse’s proven ability to customize solutions based on the partner’s unique needs, with consideration for the multiple stakeholders within the partnership, has resulted in a wealth of experience in providing guidance and direction to institutions of all types as they struggle to define how best, and where, to offer identity protection services to their customers, employees, and members.    

A veteran of the US Marine Corps, Warbasse exhibits a strong history of leadership and collaborative teamwork.

A graduate of Northern Arizona University, Warbasse holds a Bachelor of Science degree.

Bill Dean, Director of Forensics and Security Assessments, Sword & Shield Enterprise SecurityBill Dean

Bill Dean is the Director of Computer Forensics for Sword & Shield Enterprise Security. He has more than 15 years of experience in the technical field in roles such as programmer, systems support, enterprise systems design and engineering, virtualization, digital forensics, and information security.

In 2005, he was recognized as the primary architect for an Intel virtualization/server consolidation project and was awarded Network World's “Enterprise All Star” and InfoWorld's "Top 100 Projects."  Since that time Bill has focused his career on the specialties of information security, electronic discovery, digital forensics, and incident response. Bill served as the technical expert and provided federal court testimony in the seventh largest eDiscovery case in 2007, and is an expert witness involving a wide variety of issues involving computer forensics.

Bill is a frequent speaker and published author on the topics of computer security, digital forensics and electronic discovery for numerous legal and technical associations. Bill possesses an associate's degree in computer science and a baccalaureate degree in information technology from East Tennessee State University.  He is also a Certified Computer Examiner, GIAC Certified Incident Handler, GIAC Certified Penetration Tester and GIAC Certified Forensic Analyst.  In addition, he is an active member of the International Society for Forensic Computer Examiners and InfraGard.

About the Moderator

Mary Beth Findlay, Editorial Director, Product Development, CFO Publishing 
Mary Beth Findlay

Mary Beth Findlay is editorial director of product development for CFO Publishing's custom-content division and oversees the development of editorial and custom content products, including eBooks and CFO Playbook Webcasts. Prior to joining the custom-content group, Mary Beth was associate director of research at CFO Research Services. She conducted research studies on a variety of finance topics, including banking and capital markets, business performance management, the use of financial and operating data, and professional development.

Before she joined CFO Publishing, Mary Beth served as a research associate at Harvard Business School, writing case studies and background notes for second-year MBA courses. She is a graduate of Boston University School of Law, and she earned a bachelor's degree in communication from Boston College.

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