Posts by Tim Steinkopf

Tim Steinkopf is chief financial officer at Centrify, where he is responsible for all aspects of corporate finance and administration as the company grows its product offerings and extends its global reach. Prior to Centrify, Steinkopf held CFO positions at Secure Computing Corporation (acquired by McAfee), SumTotal Systems, Purfresh and Silicon Entertainment. Mr. Steinkopf has also held executive and management positions with Watt/Peterson and Ernst & Young. He holds a Bachelor of Science degree in Accounting and Computer Science from St. Cloud State University in Minnesota.

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How are CFOs Affected By a Security Breach?

By , July 18, 2017

Centrify teamed up with security researcher Ponemon Institute to survey a large group of IT, information security, senior marketing and communication professionals as well as a healthy number of consumers. A key objective of the study was to get a handle on the financial impact of a cyber security breach on a typical organization. The bottom line (no pun intended) is that, the day the breach makes headlines: Your stock price will drop between an average of 3% to 7% when breach is announced You stand to lose a significant number of your customers You will see a corresponding loss…