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.

Read the full show transcript.

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Meet the Host

Patrick Pacheco, Executive Vice President, Trust Executive, has more than 25 years’ experience in wealth management, in addition to the designing and implementation of tax and related planning strategies.

Pacheco’s background includes years of legal practice and multiple degrees, including an LLM* Taxation from University of Houston, a JD from Southern Methodist University, and both an MBA and BS in Economics from University of Texas at Arlington.

He is also board certified in Estate Planning and Probate law by the Texas Board of Legal Specialization.

Meet the Speakers

Brendan Monaghan, Senior Vice President and Regional Sales Leader at Cadence Insurance, has been in the risk management and insurance field for over a decade. In that time, he has come to be regarded as a leading voice in the field of cyber risk. His expertise has been showcased in Arkansas Business and he has been a featured presenter on cyber risk at various national conferences including the National Conference of State Courts (NCSC) technology event and Conference of State Court Administrators (COSCA).

Prior to entering the field of insurance and risk management, Brendan practiced law in Little Rock. He is active in the local community having served on the boards of Youth Home, Ozark Mission Project, and the Little Rock Visitor’s Foundation.

He holds a Juris Doctor from UA Little Rock William H. Bowen School of Law and a B.A. from Hendrix College.

Kevin McMahon, Chief Information Officer, Cadence Bank, has 30 years of experience in Information Technology with 22 of those in banking. Prior to Cadence, he was the CIO for the US franchise of a large multinational bank, an IT manager at a regional bank and an officer in the US Air Force.

In his career McMahon has led teams across almost all technology disciplines. This includes networking, security, software development, field support and operations. He has designed and implemented initiatives for new core banking platforms, overhaul digital capabilities, fight fraud and improve operational efficiencies. McMahon has been a pilot for over 30 years and still enjoys flying as often as possible.

He has a Bachelors of Science from Virginia Tech and an MBA from University of Texas San Antonio. He is the 2021 winner of the Orbie Alabama CIO of the Year award.

This podcast is provided as a free service to you and is for general informational purposes only. Cadence Bank and its affiliates make no representations or warranties as to the accuracy, completeness, or timeliness of the content in the podcast. The podcast is not intended to provide legal, accounting or tax advice and should not be relied upon for such purposes.

To the extent that this podcast includes predictions about the economy, these predictions are subject to a number of variables and you should confer with your legal, accounting and tax advisors for their input regarding the possible outcomes of any economic subject matter discussed herein. Predictions are forward-looking statements that reflect current views with respect to, among other things, future events. Forward-looking statements are not historical facts, and are based on current expectations, estimates and projections, many of which, by their nature, are inherently uncertain and beyond the control of any person or entity. Accordingly, please be aware that any such forward-looking statements are not guarantees and are subject to risks, assumptions and uncertainties that are difficult to predict.

The views and opinions expressed by the host and guests in this podcast are solely their own current opinions regarding the subject matter discussed in the podcast and are based on their own perspectives. Such views, perspectives and opinions do not reflect those of Cadence Bank or any of its affiliates, or the companies with which any guest is, or may be, affiliated. The production and presentation of this podcast by Cadence Bank does not imply the expression of any opinion on the part of Cadence Bank or any of its affiliates.