{"id":10465,"date":"2024-02-13T19:00:42","date_gmt":"2024-02-14T03:00:42","guid":{"rendered":"https:\/\/familyenterpriseusa.com\/?p=10465"},"modified":"2024-02-13T19:00:47","modified_gmt":"2024-02-14T03:00:47","slug":"family-businesses-lag-behind-protecting-against-cyber-security-threats-say-ey-cyber-and-family-business-experts","status":"publish","type":"post","link":"https:\/\/familyenterpriseusa.com\/video-post\/family-businesses-lag-behind-protecting-against-cyber-security-threats-say-ey-cyber-and-family-business-experts\/","title":{"rendered":"Family Businesses Lag Behind Protecting Against Cyber Security Threats, Say EY Cyber and Family Business Experts"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.16″ custom_padding=”4px|||||” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_divider color=”#397389″ divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_cta title=”Your Opinion Matters. Join the movement\u2014take our quick survey, influence change, and unlock VIP access to exclusive political insights in 2024. Thank you for your support!” button_url=”https:\/\/familyenterpriseusa.com\/2024-annual-family-business-survey\/?utm_source=FEUSA&utm_medium=cta&utm_campaign=2024Survey” button_text=”Take Part in the 5-Minute Anonymous Survey: Click Here” admin_label=”Call To Action Top” _builder_version=”4.24.0″ _module_preset=”default” background_color=”#397389″ custom_button=”on” button_bg_color=”#ff0019″ custom_padding=”16px||19px|||” global_module=”9695″ saved_tabs=”all” global_colors_info=”{}”][\/et_pb_cta][et_pb_divider color=”#397389″ divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”1″ _builder_version=”4.24.0″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

Family Businesses Lag Behind Protecting Against Cyber Security Threats, Say EY Cyber and Family Business Experts in <\/strong>New Family Enterprise USA Podcast<\/strong><\/h2>\n

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EY\u2019s Bobby Stover and Dave Burg See Uptick in Cyber Security Threats, Ransom Attacks; Offer Strategies for Prevention and Investment to Thwart Disruption<\/em><\/h3>\n

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A leading cyber security expert and a top family enterprise expert detail how to prevent, plan for, and manage the growing number of cyber attacks plaguing family businesses<\/a>, in a new Family Enterprise USA podcast airing now.<\/p>\n

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The experts, Bobby Stover, Partner, EY Americas Family Enterprise and Family Office Leader, and Dave Burg, Principal, EY Americas Cybersecurity<\/a> Leader, outline the crucial steps large and mid-sized generationally-owned family businesses need to consider when facing this growing wave of cybercrime affecting all business today.<\/p>\n

Both Stover and Burg were interviewed about the growing concern of cyber threats<\/a> on the podcast \u201cThe Voice of Family Business on Capitol Hill,\u201d hosted by Pat Soldano, President, Family Enterprise USA and Policy and Taxation Group.\u00a0 The podcast series is dedicated to the issues affecting America\u2019s generationally-owned family businesses, the largest private employer in the country.<\/p>\n

\u201cWe\u2019ve found family businesses are lagging behind when it comes to investing in and planning for the eventuality of a cyber attack<\/a>,\u201d said Burg, one of the country\u2019s leading cyber threat experts.<\/p>\n

According to research by EY, a leader in cyber-security management, it was found that despite the increasing threat of cyber-attacks<\/a> and ever-rising investments in cybersecurity, just one in five Chief Information Security Officers (CISOs) and C-suite leaders consider their approach effective for the challenges of today and tomorrow.<\/p>\n

\u201cWe\u2019ve seen a forty-four percent increase in security breaches<\/a>, but still few family businesses are adequately prepared for when an attack occurs,\u201d said EY\u2019s Stover, the company\u2019s family enterprise leader. \u201cWe recommend investment levels need to be at a minimum ten percent of a company total IT expense and it needs to be an annual ongoing investment,\u201d Stover added. \u201cFamily members need to educate themselves on the variety of threats, too, from data theft, to personal security, to ransom threats.\u201d<\/p>\n

One critical step in heading off cyber threats<\/a> is to not only investing in new cyber blocking technologies, but to have a \u201cDay One\u201d gameplan set up and rehearsed after the attack, accord to the EY executives. \u201cFew have this kind plan ready to go,\u201d said Stover.<\/p>\n

\u201cThis kind of information is critical in making sure our country\u2019s family businesses are able to withstand the eventual coming cyberattack<\/a>,\u201d said podcast host Soldano. \u201cAttacks are coming from all over the world and in this podcast Bobby and Dave give very cogent, step-by-step guidelines on how to prepare for what could be a very dark eventuality,\u201d she said. \u201cWe think this information is important and all family businesses and successful individuals need to listen to their warnings.\u201d<\/p>\n

The podcast is sponsored by EY\u2019s Family Enterprise Center of Excellence, which supports families to grow more valuable enterprises, bypass disruption and have successful generational transitions.\u00a0\u00a0EY is a platinum sponsor of Family Enterprise USA, demonstrating its commitment to\u00a0multi-generational family-owned businesses and their legacy.<\/p>\n

This latest episode is now airing on Spotify, and other major podcast platforms, such as Apple iTunes and TuneIn.<\/p>\n

Subscribers will receive alerts as future shows are posted. \u00a0Find on Spotify, click here.<\/a><\/p>\n

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About EY<\/strong>
EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.<\/p>\n

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform, and operate.<\/p>\n

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.<\/p>\n

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com\/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com<\/a>.<\/p>\n

About EY Family Enterprise<\/strong>
As trusted advisors to ambitious business-owning families, including more than 90% of the world\u2019s top 500 family enterprises, EY teams have the experience and know-how to support the entire family enterprise \u2014 family members, their family business, and their family office.<\/p>\n

The EY approach to working with family enterprises is anchored in the EY Family Enterprise DNA Model. This model supports both the personal and business performance agendas of family enterprise leaders by pinpointing four key areas of focus to achieve their ambitions: family, values, business and assets. We combine our understanding of these focus areas with decades of experience working with the world\u2019s most entrepreneurial families to create a framework for guided conversations on topics that matter most to family enterprise owners.<\/p>\n

EY Family Enterprise professionals can support you in identifying and optimizing the drivers that impact family businesses\u2019 growth and longevity, preserve wealth, and culture, and solidify intergenerational legacies. ey.com\/familyenterprise<\/a><\/p>\n

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We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…<\/em><\/h4>\n

As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.<\/p>\n

The need for fact-based reporting of issues important to multi generational businesses<\/a> and protecting a lifetime of savings<\/a> has never been greater. Now more than ever, multi generational businesses<\/a> and family businesses<\/a> are under fire. That’s why Family Enterprise USA<\/a> is passionately working to increase the awareness of issues important to generationally-owned family businesses<\/a> built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates<\/a>, possible elimination of valuation discounts, increase in capital gains tax<\/a>, enactment of a wealth tax<\/a>, and the continued burden of the gift tax<\/a>, estate tax<\/a> and generation skipping tax<\/a>.<\/p>\n

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Family Enterprise USA<\/a> promotes generationally<\/a> owned family business<\/a> creation, growth, viability, and sustainability by advocating for family businesses<\/a> and their lifetime of savings with Congress<\/a> in Washington DC.\u00a0 Since 2007, Family Enterprise USA<\/a> has represented and celebrated\u00a0all sizes, professions and industries of family-owned enterprises and multi-generational<\/a> employers. It is a bi-partisan 501.c3 organization.\u00a0Family foundations can donate.<\/a><\/p>\n

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#incometax #taxseason #federaltaxpolicy #taxation #EstateTax #Deathtax #wealthtax #taxLegislation #CongressionalCaucus #CapitalGainsTax #incometaxrates #incometaxseason #taxrefund #taxreturn #incometaxreturn #gifttax #Generationskippingtax #InheritanceTax #repealestatetax #FamilyBusiness #promotefamilybusinesses #familyowned #supportlocalbusiness #womeninbusiness #AdvocatingForFamilyBusinesses #Generationallyowned #Multigenerationalbusiness\u00a0 @FamilyEnterpriseUSA @PolicyAndTaxationGroup @DitchTheEstateTax #FamilyEnterpriseUSA #PolicyAndTaxationGroup #DitchTheEstateTax<\/p>\n

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Family Businesses Lag Behind Protecting Against Cyber Security Threats, Say EY Cyber and Family Business Experts in New Family Enterprise USA Podcast   EY\u2019s Bobby Stover and Dave Burg See Uptick in Cyber Security Threats, Ransom Attacks; Offer Strategies for Prevention and Investment to Thwart Disruption   A leading cyber security expert and a top […]<\/p>\n","protected":false},"author":2,"featured_media":10467,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[48,92,78,98,16,87],"tags":[],"class_list":["post-10465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-businesses","category-multi-generational-business","category-in-the-news","category-podcast","category-video-post","category-watch-listen"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/10465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10465"}],"version-history":[{"count":5,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/10465\/revisions"}],"predecessor-version":[{"id":10474,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/10465\/revisions\/10474"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/10467"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}