How you respond to a security incident can determine whether the problem gets fanned into flame or extinguished. When companies plan their cybersecurity strategies, there’s often a lot of time spent talking about and testing various security solutions, backup and disaster recovery tools and security awareness training options. All these actions are vital components to building a strong security posture, but they’re not the first thing companies should be thinking about. One of the most important foundational activities organizations tend to put off until it’s too late (i.e., post-incident) is creating a plan that details how your company would handle a security incident. While it might sound a bit defeatist to create a plan that assumes the security tools and services you’re about to invest in to prevent a security incident are going to fail, it’s not the case. First, not every security incident is a worst-case scenario like the Colonial Pipeline attack that resulted in a $5 million ransom payment. Often, an incident is something much smaller, such as a failed attempt to breach your defenses. The second point is that a small security incident can become a serious threat if the incident response isn’t handled properly. More on this point below.
Manny Korakis, Chief Financial Officer at Presidio, is responsible for leading the company’s finance team in continuous process improvement and driving profitable growth. Prior to joining Presidio in 2022, Manny was Chief Accounting Officer, Corporate Controller and Corporate Treasurer at IQVIA where he was responsible for global accounting, external financial reporting, financial shared services, capital markets, treasury operations, internal control and financial systems.
In addition, heheld senior-level positions at American Express Global Business Travel as Corporate Controller and Chief Accounting Officer. Mannyspent the majority of his career at S&P Global, where, in his last two years with the company, he was Chief Financial Officer of S&P Dow Jones Indices, a subsidiary with $1 billion in revenue.