Episode 6: SEC Penalties, M&A Security, and Due Diligence
Episode 6: SEC Penalties, M&A Security, and Due Diligence
Welcome back to the Distilled Security Podcast! In this episode, hosts Justin, Rick, and Joe dive into the latest in cybersecurity, from regulatory challenges to pop culture:
Topics Covered
- SEC Penalties for Cybersecurity Disclosures
Discussing recent SEC penalties due to lapses in cybersecurity disclosure, the implications for companies, and how organizations can stay compliant. - Cybersecurity Materiality and Disclosure Practices
Tips on navigating the materiality assessment of cybersecurity incidents and ensuring compliance with auditors' disclosure requirements. - Preparedness Through Tabletop Exercises
Exploring tabletop exercises as a method to enhance readiness for cybersecurity disclosures. - Security in Mergers & Acquisitions
The importance of aligning security philosophies, protecting supply chain integrity, and fast decision-making in M&A processes. - Pre-Mortem Analyses for Risk Mitigation
Utilizing pre-mortem analyses to identify risks in acquisitions and ensure security compatibility before a merger. - Best Practices for Selling a Company with Strong Security
Tips on audit readiness, maintaining a secure posture, and what security leaders should prioritize to avoid penalties or discounts during acquisitions. - Information Control in Modern Warfare
How controlling information plays a strategic role, with examples from cyberpunk themes to illustrate the power of data control. - Favorite Cybersecurity Movies
A fun review of iconic cybersecurity movies, highlighting elements like data movement, IP address inaccuracies, and common movie hacking tropes. - Due Diligence Strategies for Small Businesses
Key steps for conducting effective due diligence, including using a risk-based approach to compliance and managing contracts efficiently.
Links
Spirits
- Barrell Seagrass - A unique blend of American and Canadian rye whiskeys, each carefully selected and finished in Martinique Rhum, Madeira, and apricot brandy barrels.
Hosts
Connect with Us
- Website: Distilled Security Podcast
- Twitter: @DisSecPod
- Email: hello@distilledsecuritypodcast.com
Time Stamps
- [00:01:25] SEC penalties for cybersecurity disclosure lapses
- [00:05:16] Working with external auditors on cybersecurity disclosures
- [00:09:30] Assessing cybersecurity materiality in disclosures
- [00:11:45] Tabletop exercises to improve disclosure preparedness
- [00:14:36] Cybersecurity considerations in M&A
- [00:19:12] Making fast, informed security decisions
- [00:23:06] Pre-mortems for assessing acquisition risks
- [00:25:12] Compatibility of security philosophies in M&A
- [00:30:20] Securing supply chains in acquisitions
- [00:34:23] Steps to sell a company securely
- [00:37:06] Preparing for audits in the sale process
- [00:42:07] Hosts discuss favorite cybersecurity movies
- [00:45:57] The strategic role of information in warfare
- [00:48:49] Data transport themes in cyberpunk films
- [00:52:36] The infamous fake IP addresses in movies
- [00:56:01] Due diligence for small businesses and startups
- [01:00:47] Centralized vs. decentralized security strategies
- [01:02:20] Adopting a risk-based approach for security questionnaires
- [01:06:05] Negotiating buyer risk assessments
- [01:10:11] Leveraging compliance automation tools
- [01:12:55] Managing contract risks effectively
- [01:16:10] Ensuring alignment between contract terms and security questionnaires
