Buffett Understands That Cyber Reputation Matters

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(Bloomberg) — Business Wire, the press-release distribution company at Warren Buffett’s Berkshire Hathaway Inc., hired Robert Markel as chief information security officer after allegations in August that an insider-trading ring relied on computer hackers to pilfer media announcements. Markel joins from airline Virgin America Inc. and will be responsible […]

To paraphrase Warren Buffett, it takes years to create a favorable reputation and just a few minutes to ruin one. Business Wire, a Warren Buffet owned organization, made news after a recent security breach. Now they are working to address the issue. Cyber risk management matters.

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