QOTD - SEC Chair Clayton on Need for Cooperation

Cybersecurity must be more than a firm-by-firm or agency-by-agency effort. Active and open communication between and among regulators and the private sector also is critical to ensuring the nation’s financial system is robust and effectively protected. Information sharing and coordination are essential for regulators to anticipate potential cyber threats and respond to a major cyberattack, should one arise.
-- Jay Clayton, SEC Chair 

Src: Written Remarks before the Committee on Banking, Housing and Urban Development United States Senate, September 26, 2017

QOTD - SEC Chair Clayton on Cyber & Everyday Americans

Cybersecurity touches the daily lives of virtually all Americans, whether it is our accounts with financial services firms, the companies we invest in or the markets through which we trade. 
-- Jay Clayton, SEC Chair 

Src: Written Remarks before the Committee on Banking, Housing and Urban Development United States Senate, September 26, 2017

QOTD - SEC Chair Clayton on Cyber Risk Disclosures

[W]e are continuing to examine whether public companies are taking appropriate action to inform investors, including after a breach has occurred, and we will investigate issuers that mislead investors about material cybersecurity risks or data breaches.
-- Jay Clayton, SEC Chair 

Src: Written Remarks before the Committee on Banking, Housing and Urban Development United States Senate, September 26, 2017

QOTD - Raskin on Cybersecurity as Shared Responsibility

Understanding and dealing with the cyber threat has, due to your efforts, seeped from the IT shop and into the CEO shop.  Responsibility is now shared. In fact, this new shared responsibility, among IT experts, the CEO, and the board of directors, has been the most noticeable trend in governance from my time in the industry, in state government, and in the federal government.  Bankers rarely used to talk to me much about cybersecurity.  Now, this is one topic that comes up every day.
-- Treasury Deputy Secretary Sarah Bloom Raskin

Src: Remarks of Deputy Secretary Raskin at The Texas Bankers’ Association Executive Leadership Cybersecurity Conference

QOTD - Admiral Rogers on Cyber War

Cyber war is not some future concept or cinematic spectacle, it is real and here to stay.
[...]
Conflict in the cyber domain is not simply a continuation of kinetic operations by digital means, nor is it some Science Fiction clash of robot armies.

-- Admiral Michael Rogers, Commander of US Cyber Command,
Testimony before US House Committee on Armed Service (May 2017)

Src: Docs.House.Gov

QOTD - Citi on Shared Responsibility

“Shared responsibility” means that risk and business management must actively partner to own risk controls and influence business outcomes.
-- Citigroup SEC filing, for Q4 2011

Src: https://www.sec.gov/Archives/edgar/data/831001/000120677412000799/citigroup_10k.htm

You Know It's BAD When Retailers Ask For New (Data-Breach) Laws



The fact is that hackers do not discriminate as to the type of business they attack. [...] Every industry sector – whether consumer-facing or business-to-business – faces data security threats that may put consumer data at risk.
Src: Retailers Cite Equifax as Need for Uniform Data Breach Law | Business Wire

QOTD - On Learning (New Things)

The further along you are in your career, the easier it is to fall back on the mistaken assumption that you’ve made it and have all the skills you need to succeed. The tendency is to focus all your energy on getting the job done, assuming that the rest will take care of itself. Big mistake.
[...]
The primary takeaway from Dweck’s research is that we should never stop learning. The moment we think that we are who we are is the moment we give away our unrealized potential.
[...]
The act of learning is every bit as important as what you learn. Believing that you can improve yourself and do things in the future that are beyond your current possibilities is exciting and fulfilling.
 -- Dr Travis Bradberry , Coauthor of Emotional Intelligence 2.0 & President at TalentSmart

Src: These are the skills you should learn that will pay off forever | World Economic Forum