On May 14, 2022, Payton Gendon opened fire in a predominantly black neighborhood killing ten people. Gendon, a white man, had a history of making threats.

Law enforcement investigated Gendon when he made threats at Susquehanna High School in Conklin, New York. Unfortunately, law enforcement discounted Gendon as a threat to himself or others, and his name and personal data was not entered into the “red flag” database that would have denied him from purchasing weapons.

Let’s face it. Most of the cyber advice out there is designed to sell a product or a service. Most of the cyber advice does not leave the reader with any actionable insights other than to reach back to the author. Let’s try to change that bad behavior specifically for High-Net-Worth Individuals and Family Offices.

According to a recent report, 44% of global ransomware attacks in 2020 targeted municipalities. The average cybersecurity incident costs states between $665,000 and $40.53 million, with a median cost varying from $60,000 to as high as $1.87 million.
Why? The answer may be too simple. Municipalities are an obvious target, full of competing priorities, and short on resources.