To comment on this podcast episode or to suggest an idea for another episode, contact Drew Adamek, an FM magazine senior editor, at Andrew.Adamek@aicpa-cima.com.
Transcript:
Drew Adamek: Ransomware is on the rise. Every month seems to bring new headlines of massive attacks on businesses and governments. In May, a ransomware attack shut down America’s largest fuel pipeline. In June, another crippled the world’s largest meat processor. And in July, a single coordinated attack could impact over 1,000 businesses.
Finance departments need to prioritise preparing for and mitigating the significant risks of ransomware as it grows in scale and menace. Gerry Glombicki, a CPA and director in the insurance group at Fitch Ratings, recently co-authored a report on the growing risks and costs of ransomware.
I’m FM magazine senior editor Drew Adamek, and I recently spoke to Gerry about why accounting and finance professionals should care about ransomware, why internal communication and collaboration are key to managing cyber risk, and how CFOs and finance professionals should be thinking differently about cyber risk.
Gerry, thank you so much for joining us.
Gerry Glombicki: Thank you…
