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2024-023
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Last modified
6/7/2024 12:34:02 PM
Creation date
6/7/2024 12:29:12 PM
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Resolutions
Resolution Number
2024-023
Approved Date
06/04/2024
Agenda Item Number
8.K.
Resolution Type
Supplementing Resolution 2023-004
General Obligaton Bond
Entity Name
Indian River County
Subject
General Obligations Bond Preserving Environmentally Sensitive Lands
Authorizing the issuance of not exceeding $25,000,000 in aggregate principal
amount of Indian River County, Florida
Document Relationships
2023-004
(Agenda)
Path:
\Resolutions\2020's\2023
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including intellectual property, security information, . proprietary business process <br />information, information applying to suppliers and business partners, and personally <br />identifiable information of customers, constituents and employees. The secure processing; <br />maintenance and transmission of this information is critical to department operations and <br />the provision of citizen services. Increasingly, governmental entities are being targeted by <br />cyberattacks (including; but not limited to, hacking, viruses, malware and other attacks on <br />computers and other sensitive digital networks and systems) seeking to obtain confidential <br />data or.disrupt critical services. A rapidly changing cyber risk landscape may introduce <br />new vulnerabilities and avenues that attackers/hackers. can exploit in attempts to cause <br />breaches or service disruptions. Employee error and/or malfeasance may also contribute <br />to data loss or other system disruptions. Additionally, the County's computer networks and <br />systems routinely interface and rely on third party systems that are also subject to the risks <br />previously described. Any such breach could compromise networks and the <br />confidentiality, integrity and availability of systems and the information stored there. The <br />potential disruptions, access, modification, disclosure or destruction of data could result in <br />interruption of the efficiency of County commerce, initiation of legal. claims or <br />proceedings, liability under laws that protect the privacy of personal . information, <br />regulatory penalties, disruptions in operations :and the services provided and. the loss of <br />confidence in County operations; ultimately adversely affecting County revenues. <br />The County's cyber security program is managed by cyber security professionals <br />within the Information Technology Department. This group's primary concern is <br />protecting electronic assets and sensitive data stored on and transmitted through the <br />County's networks and servers. This chiefly includes all financial data, employee records <br />and other sensitive personnel information and sensitive. customer data. Preventative <br />actions being taken by the County include diligent firewall monitoring, proactive security <br />evaluation of new software prior to launching them on the County's networks and servers; <br />institution and consistent application of PCI (Payment Card Industry) : security standards, <br />and annual cybersecurity training for County employees. Access. to County systems ends <br />upon termination of employment with the County, and County -owned electronic assets are <br />obtained from the terminated employee at that time. All external emails are: heavily <br />screened to ensure the County's cyber defenses are not penetrated, HIPAA (Health <br />Insurance Portability and Accountability Act) and PCI compliance are also areas of great <br />concern with respect to the County's cybersecurity efforts. Despite the: County's efforts in <br />this area, no assurance can be given that any cyberattacks, if successful, will .not have a <br />material adverse effect on the operations or financial condition of the County. <br />7. The outbreak of the highly contagious COVID-19 pandemic in the United <br />States in March 2020 generally had a disruptive financial impact on local, state. and national <br />economies around the country; including without limitation fueling inflation and creating <br />supply chain issues. COVID-19 was considered a Public Health, Emergency of <br />International Concern by the World Health Organization.. This led to quarantine and other <br />"social distancing" measures . throughout the United States. These measures included <br />30 <br />
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