Telecommunication – ERM


Industry: Telecommunication   

Company: Verizon

Overview: Verizon data breach – 6 Million customer account exposed

Introduction: Verizon contractor failed to secure large batch of customer information including PII. Data leak started from amazon S3 cloud server due to lack of configuration issue and failure to maintain S3 default security patch. 

Organization brief summary: 

· Strategic planning

· Core business activities

· Cultural practices

· Financial performance and goals.

Risk Types – 

· Markets and credit risk

· Liquidity risk. 

· Operational risk and Regulatory risk

· Social and legislative risk.

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