In Good Companies

With cyberattacks at an all time high, how do you protect your business? Join Cadence Bank’s Chief Information Officer Kevin McMahon and Cadence Insurance Senior Producer Brendan Monaghan as we discuss phishing, business email compromise, ransomware and how best to prepare for the cyberthreats targeting your business.

Show Notes

Are you doing enough to protect your business from cyberthreat? With cyberattacks at an all-time high, you may not be as prepared as you need to be. You might even think your business is too small to be targeted, but think again: the Verizon Data Breach Investigation Report states that 43% of online attacks are now aimed at small businesses. Cyberattacks are also expensive – according to the FBI’s Internet Crime Report, the cost of cybercrime against small businesses totaled $2.4 billion in 2021 alone. So when you’re surrounded by bad actors, what can you do to protect yourself?

Fortunately for all of us, there are people out there like Cadence Bank’s Chief Information Officer Kevin McMahon and Brendan Monaghan, Senior Producer with Cadence Insurance. Brendan and Kevin both keep up to date with the latest cyberthreats and have some simple approaches they recommend for protecting your business. On this episode, you’ll learn what common cyberattacks might look like, their most frequent targets and what to do if you have an incident. Plus, we’ll cover how to transfer your risk with the fast-evolving segment of cyber insurance.

So join the cyberthreat triple threat – Kevin, Brendan and Patrick – and together we’ll brave the phishy waters of cybercrime.

Highlights:
  • The growing threat of cyberattack (4:08)
  • The consequences of cyberattack (5:03)
  • Who’s at risk? (7:03)
  • Social engineering (8:46)
  • The number one way to protect your business (10:32)
  • Phishing (11:34)
  • Business email compromise (12:54)
  • Ransomware (13:50)
  • Concrete steps to protect your business (15:29)
  • Cyber insurance: how to assess your options (18:27)
  • Incident response planning: every second counts (20:30)
  • Incident response planning: build the right team (20:45)
  • Cyberthreat wrap-up (21:34)

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Feedback:

If you have questions about the show or topics you'd like discussed in future episodes, email our producers, sheena.cochran@cadencebank.com or danielle.kernell@cadencebank.com.

What is In Good Companies?

Starting and running a business or managing one isn’t for the faint of heart. You’re balancing internal and external forces in a continually changing landscape. You’re building strategies, and banking on the future – no matter what it holds. This is where Cadence Bank’s In Good Companies comes in. We share our wealth of knowledge, and insights from noted industry experts, to guide you through the forces shaping business today.

We’re back for Season 6, and this time, we’re setting our sights on the future of work. We’re asking the big questions, like:

What will your career look like in 2030? Or 2050, even?
How is ESG shaping the future of companies?
And how can we leverage AI to our advantage?

We bring together experts from across the board, from Silicon Valley to multinationals like EY, to help you stay on the cutting edge of business. And we get to know those who are building the future of our companies; because at Cadence Bank, we want to hear the human side of every success story.

Hosting our stellar range of guests this season is our new host, Ari Marin. He is a Cadence Bank Senior Vice President and family enterprise advisor, whose specialty is consulting with family-owned and small businesses. Ari’s idea of “good company” is being around creative, insightful people with unique and inspirational stories. For Season 6, he brings in his curiosity and ambition to In Good Companies, to lead discussions with our guests, and bring listeners across the U.S. all the information they need, in one place, in under 30 minutes.

Ready to launch into the future? Then join us!