How Much Should You Be Spending To Protect Your Reputation?

When: 24th Jan 2018, 17:30 - 24th Jan 2018, 20:00
Where: The Palmerston Lecture Theatre, Southampton Solent University, East Park Terrace, Southampton, SO14 0RD
Town/City: Southampton
Organiser: BCS Hampshire Branch and BCS IRMA Group
Price: Free
Further Information: Further Information

This is a joint event between BCS Hampshire Branch and BCS IRMA Group.

Although the value of a brand may be difficult to quantify there is no doubt that the reputational impact of a security breach, whether deliberate, or accidental goes further than the direct financial impact. Indeed, the indirect costs of a breach often far exceed the immediate loss.

In fact, there may be no immediate loss to the entity, with the real losses occurring after the breach enters the public domain. These are often in the form of regulatory fines, a reduction in share price, loss of existing customers and the non-attraction of new ones.

These, coupled with the internal cost of sorting out the problem and the external costs of dealing with the media are often a considerable factorial to any direct loss. This session will discuss the true cost of a security breach and evaluate just how much your company should be spending on security in order to protect its reputation.

Speaker profile:
Dr Mitchell is managing director of LHS Business Control, a consultancy which he founded in 1988 to specialise in corporate governance and risk management. He is an international authority on corporate governance, the control of computer systems, the investigation of computer crime and the impact of regulatory and compliance issues on the delivery of IT services.

John has been an expert witness in a number of high profile UK criminal cases and he has featured in a major British computing publication as The IT Detective. He has previously been a member of BCS Council and Chair of its Information Risk Management and Assurance specialist group.

He is currently a member of the its Risk Audit and Finance Committee. His doctorate in risk analysis techniques was awarded by City University, London, England. His MBA in financial control was awarded, with distinction, by Middlesex University, England.

He was awarded in 2017, the special BCS John Ivison Medal for his outstanding work for the BCS and the computer industry.