How Much Should You Spend On (IT) Security to Protect Your Reputation?

When: 9th Jan 2018, 18:00 - 9th Jan 2018, 20:00
Where: BCS, 1st Floor, The Davidson Building, 5 Southampton Street, London, WC2E 7HA
Town/City: London
Organiser: BCS IRMA (Information Risk Management and Assurance) Specialist Group
Price: Free to attend for BCS, ISACA or IIA Members; £12.50 (+VAT @ 20%) for Non-Members
Further Information: Further Information

Speaker: John Mitchell, Managing Director, LHS Business Control

Event Details:

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.

CPD Credits
This event counts for two hours towards your CPD.
More information available at

Event Recording
Whenever possible events will be recorded and loaded onto the BCS website and the BCS Panopto channel for subsequent viewing by IRMA members and the general public, in order to meet the Institute’s Royal Charter commitments.