Cyberattacks and COVID-19: The New Normal

COVID-19 is having a dramatic impact on the nature of market, credit, financial, and operational risks facing companies. Information about these risks is evolving at a rapid pace. To help risk managers stay informed of the latest developments and address the challenges associated with COVID-19, GARP has launched a podcast series featuring lively discussions with thought leaders and experts.

Our first interview is with Ed Amoroso, currently Chief Executive Officer of TAG Cyber LLC, a global cyber security advisory, training, consulting, and media services company supporting hundreds of companies across the world. Ed recently retired from AT&T after thirty-one years of service in the cybersecurity space.

In recent years, financial institutions have proven to be vulnerable to cyberattacks, leaving risk teams scrambling. With more work pushed online than ever before due to COVID-19 – and hackers finding new ways to exploit networks - understanding new and evolving cyber risks is even more critical today. How can cyber risk and risk management in general keep up with the sophistication and scale of potential attacks against company systems in a work environment that has already been disrupted? What role do CROs and risk managers play in this battle and what role do cybersecurity professionals play in risk management in the future.

To access our full library of COVID-19 content click here.

Dr. Ed Amoroso is currently Chief Executive Officer of TAG Cyber LLC, a global cyber security advisory, training, consulting, and media services company supporting hundreds of companies across the world. Ed recently retired from AT&T after thirty-one years of service, beginning in Unix security R&D at Bell Labs and culminating as Senior Vice President and Chief Security Officer of AT&T from 2004 to 2016.

Ed has been Adjunct Professor of Computer Science at the Stevens Institute of Technology for the past twenty-seven years, where he has introduced nearly two thousand graduate students to the topic of information security. He is also affiliated with the Tandon School of Engineering at NYU as a Research Professor, and the Applied Physics Laboratory at Johns Hopkins University as a senior advisor. He is author of six books on cyber security and dozens of major research and technical papers and articles in peer-reviewed and major publications.

Ed holds the BS degree in physics from Dickinson College, the MS/PhD degrees in Computer Science from the Stevens Institute of Technology, and is a graduate of the Columbia Business School. He holds ten patents in the area of cyber security and media technology and he has served as a Member of the Board of Directors for M&T Bank, as well as on the NSA Advisory Board (NSAAB). Ed's work has been highlighted on CNN, the New York Times, and the Wall Street Journal. He has worked directly with four Presidential administrations on issues related to national security, critical infrastructure protection, and cyber policy.