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ISSEP Information Systems Security Engineering Professional plan | crejusa.com
ISSEP plan - Information Systems Security Engineering Professional Updated: 2023
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ISSEP Information Systems Security Engineering Professional
Length of exam : 3 hours
Number of questions : 150
Question format : Multiple choice
Passing grade : 700 out of 1000 points
Exam availability : English
Testing center : Pearson VUE Testing Center
The Information Systems Security Engineering Professional (ISSEP) is a CISSP who specializes in the practical application of systems engineering principles and processes to develop secure systems. An ISSEP analyzes organizational needs, defines security requirements, designs security architectures, develops secure designs, implements system security, and supports system security assessment and authorization for government and industry.
The broad spectrum of topics included in the ISSEP Common Body of Knowledge (CBK) ensure its relevancy across all disciplines in the field of security engineering. Successful candidates are competent in the following
• Security Engineering Principles
• Risk Management
• Security Planning, Design, and Implementation
• Secure Operations, Maintenance, and Disposal
• Systems Engineering Technical Management
1. Security Engineering Principles 22%
2. Risk Management 24%
3. Security Planning, Design, and Implementation 22%
4. Secure Operations, Maintenance, and Disposal 21%
5. Systems Engineering Technical Management 11%
Security Engineering Principles
1.1 General Security Principles
1.2 Security Risk Management Principles
1.3 System Resilience Principles
1.4 Vulnerability Management Principles
» Align security risk management with enterprise risk management
» Integrate risk management throughout the lifecycle
» Identify organizational security authority
» Identify elements of a system security policy
» Understand trust concepts and hierarchies
» Determine boundaries governed by security
» Specify complete mediation
» Determine least common mechanism
» Understand open design concepts
» Analyze psychological acceptability/usability
» Understand the importance of consistent measurement
» Apply resilience methods to address threats
» Understand concepts of layered security
» Specify fail-safe defaults
» Avoid single points of failure
» Incorporate least privilege concepts
» Understand economy of mechanism
» Understand separation of privilege/duties concepts
» Understand security best practices applicable to the context
2.1 Risk Management Process
2.2 Operational Risk Management
» Confirm operational risk appetite
» Identify remediation needs and other system changes
» Propose remediation for unaccepted security risks
» Assess proposed remediation or change activities
» Participate in implementation of the remediation or change
» Perform verification and validation activities relative to the requirements impacted
» Update risk assessment documentation to account for the impact of the remediation or change
» Establish risk context
» Identify system security risks
» Perform risk analysis
» Perform risk evaluation
» Recommend risk treatment options
Security Planning, Design, and Implementation
3.1 Stakeholder Requirements Definition
3.2 Requirements Analysis
3.3 System Security Architecture and Design
3.4 Implementation, Integration, and Deployment of Systems or System Modifications
3.5 Verification and Validation of Systems or System Modifications
Security Planning, Design, and Implementation
» Define security roles and responsibilities
» Understand stakeholders mission/business and operational environment
» Identify security-relevant constraints and assumptions
» Identify and assess threats to assets
» Determine protection needs
» Document stakeholder requirements
» Analyze stakeholder requirements
» Develop system security context
» Identify security functions within the security concept of operations
» Develop system security requirements baseline
» Analyze and define security constraints
» Analyze system security requirements for completeness, adequacy, conflicts, and inconsistencies
» Perform functional analysis and allocation
» Maintain mutual traceability between specified design and system requirements
» Define system security design components
» Perform trade-off studies for system components
» Assess information protection effectiveness
Secure Operations, Maintenance, and Disposal
4.1 Secure Operations
4.2 Secure Maintenance
4.3 Secure Disposal
» Document and maintain secure operations strategy
» Maintain and monitor continuous monitoring processes
» Support the incident response process
» Develop and direct secure maintenance strategy
» Participate in system remediation and change management processes
» Perform scheduled security reviews
» Develop and direct secure disposal strategy
» Verify proper security protections are in place during the decommissioning and disposal processes
» Document all actions and results of the disposal process
Systems Engineering Technical Management
5.1 Acquisition Process
5.2 System Development Methodologies
5.3 Technical Management Processes
» Prepare security requirements for acquisitions
» Participate in vendor selection
» Participate in supply chain risk management
» Participate in contractual documentation development to verify security inclusion
» Perform acquisition acceptance verification and validation
» Integrate security tasks and activities into system development methodologies
» Verify security requirements are met throughout the process
» Identify opportunities for automation of security processes
» Perform project planning processes
» Perform project assessment and control processes
» Perform decision management processes
» Perform risk management processes
» Perform configuration management processes
» Perform information management processes
» Perform measurement processes
» Perform quality assurance processes
Information Systems Security Engineering Professional ISC2 Professional plan
killexams.com is the last preparation source for passing the ISSEP ISSEP exam. We have cautiously complied and assembled ISSEP dumps of actual exam questions and answers, which are up to date with the equal frequency as ISSEP real exam is updated, and reviewed by means of enterprise specialists. Huge Discount Coupon and Promo codes are offered.
Information Systems Security Engineering(R) Professional
https://killexams.com/pass4sure/exam-detail/ISSEP Question: 441
Which of the following is the most secure method of authentication?
A. Smart card
C. Username and password
D. Biometrics Answer: D Question: 442
Which of the following are the phases of the Certification and Accreditation (C&A)
process? Each correct answer represents a complete solution. Choose two.
B. Continuous Monitoring
D. Auditing Answer: B, C Question: 443
Which of the following cryptographic algorithm uses public key and private key to
encrypt or decrypt data ?
D. Symmetric Answer: A Question: 444
Sonya, a user, reports that she works in an electrically unstable environment where
brownouts are a regular occurrence. Which of the following will you tell her to use to
protect her computer?
D. CMOS battery Answer: A Question: 445
Your company is covered under a liability insurance policy, which provides various
liability coverage for information security risks, including any physical damage of
assets, hacking attacks, etc. Which of the following risk management techniques is your
A. Risk acceptance
B. Risk avoidance
C. Risk transfer
D. Risk mitigation Answer: C Question: 446
Della works as a security manager for SoftTech Inc. She is training some of the newly
recruited personnel in the field of security management. She is giving a tutorial on DRP.
She explains that the major goal of a disaster recovery plan is to provide an organized
way to make decisions if a disruptive event occurs and asks for the other objectives of
the DRP. If you are among some of the newly recruited personnel in SoftTech Inc, what
will be your answer for her question? Each correct answer represents a part of the
solution. Choose three.
A. Guarantee the reliability of standby systems through testing and simulation.
B. Protect an organization from major computer services failure.
C. Minimize the risk to the organization from delays in providing services.
D. Maximize the decision-making required by personnel during a disaster. Answer: A, B, C Question: 447
You work as a Network Consultant. A company named Tech Perfect Inc. hires you for
security reasons. The manager of the company tells you to establish connectivity
between clients and servers of the network which prevents eavesdropping and tampering
of data on the Internet. Which of the following will you configure on the network to
perform the given task?
D. SSL Answer: D Question: 448
The security controls that are implemented to manage physical security are divided in
various groups. Which of the following services are offered by the administrative
physical security control group? Each correct answer represents a part of the solution.
Choose all that apply.
A. Construction and selection
B. Site management
C. Awareness training
D. Access control
E. Intrusion detection
F. Personnel control Answer: A, B, C, F Question: 449
Jasmine is creating a presentation. She wants to ensure the integrity and authenticity of
the presentation. Which of the following will she use to accomplish the task?
A. Mark as final
B. Digital Signature
C. Restrict Permission
D. Encrypt Document Answer: B
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https://killexams.com/exam_list/ISC2How to Become a Certified Information Systems Security Professional (CISSP)
As all facets of society rely more on technology, information security has become paramount. With information readily available online, businesses must do everything possible to prevent data breaches and cyberattacks while safeguarding critical systems and data.
With so much at risk, businesses need qualified people to manage their information systems. CISSP certification indicates professional excellence, assuring hiring managers that candidates have the in-demand career skills necessary to manage IT security.
CISSP stands for Certified Information Systems Security Professional. It’s a globally recognized certification offered by the International System Security Certification Consortium, also known as (ISC)². CISSP is considered one of the best infosec and cybersecurity certifications around.
Individuals seek CISSP certification to answer the call for experienced, highly capable IT professionals who can effectively manage an enterprise’s cybersecurity by applying IT security-related concepts and theories.
After passing the certification exam (which usually takes around six hours), CISSPs can take on various job titles, including the following:
Chief Information Security Officer
No matter the job title, a CISSP always focuses on upholding a top-notch IT security system.
Earning the best IT certifications, including CISSP certification, is an excellent career advancement asset that validates your skills and knowledge.
How much does a CISSP make?
There are relatively few CISSPs in the industry, so those who pass the certification exam and meet the requirements are well-compensated.
The average global salaries from (ISC)² and CertMag differ; CertMag’s values combined U.S. and non-U.S. salaries. Additionally, while CertMag’s values were based on a study of only 55 respondents, (ISC)²’s statistics are derived from an industry-wide study and may be more representative of actual averages.
Despite the increasing demand for CISSPs, the (ISC)² imposes strict qualifications to ensure that only the most capable and experienced professionals earn the title. The industry is lucrative, but the requirements CISSPs must fulfill are extensive.
First, CISSP applicants must have at least five years of valid working experience relevant to the IT security field. The (ISC)² requires that work experience falls under the eight domains of the (ISC)² CISSP CBK:
Domain 1. Security and Risk Management
Domain 2. Asset Security
Domain 3. Security Architecture and Engineering
Domain 4. Communication and Network Security
Domain 5. Identity and Access Management (IAM)
Domain 6. Security Assessment and Testing
Domain 7. Security Operations
Domain 8. Software Development Security
Additionally, to satisfy these domains, the (ISC)² requires experience in any of the following positions:
Full-time employment. For full-time employees aiming to become CISSPs, work experience only qualifies as full time if you’ve worked a minimum of 35 hours per week for four weeks, accrued monthly.
Part-time working experience. If your work hours fell between 20-34 hours weekly, your experience will qualify as part-time. Your experience will be computed as follows:
Every 1,040 hours of part-time work rendered are equivalent to half a year’s worth of full-time experience.
Every 2,080 hours of part-time work will be equivalent to one year of full-time work experience.
Internships. If your only relevant experience involves an internship program, the (ISC)² will accept it if you have certification from the organization that validates your internship. The consortium will accept qualified paid and unpaid internships as working experience.
Other work experience options. According to the (ISC)², you can also satisfy a year’s worth of necessary experience if you:
Hold a four-year college degree (or regional equivalent).
Have an advanced degree in information security from the U.S. National Center of Academic Excellence in Information Assurance Education (CAE/IAE).
Have any other approved credentials as outlined by the (ISC)².
The CISSP certification is considered an evergreen IT certification; it demonstrates excellent longevity, desirability, popularity, and compensation.
What does the CISSP exam entail?
Work experience is only part of what you need to become a CISSP. To be certified, you’ll also need to prepare for and pass the CISSP exam, which costs $699 and requires a minimum score of 700 out of 1,000 points.
Besides passing the certification exam, you must also undergo an endorsement process to become a CISSP. You can do this by subscribing to the (ISC)² Code of Ethics. The endorsement form must be completed within nine months after passing the exam to fully certify your status as a CISSP.
What are other paths toward achieving the CISSP title?
Not everyone meets CISSP certification requirements – in fact, very few do. However, there are ways to bypass or fast-track your way into the industry.
1. Become an (ISC)² Associate to help meet CISSP requirements.
One of the biggest challenges to becoming a CISSP is acquiring the relevant qualifying experience. However, you can remedy your lack of experience by applying for a job as an (ISC)² Associate.
Becoming an (ISC)² Associate helps you fast-track your cybersecurity career. Additionally, because you’ll work closely with the consortium, you can learn more about the industry and grow as a cybersecurity expert.
2. Get CompTIA certifications to help your cybersecurity career.
You can also jump-start your cybersecurity career by looking into certifications offered by CompTIA. CompTIA helps IT professionals acquire specific certifications to fortify their credentials. Some certifications you can apply for include the entry-level A+, Security+, and Network+ certifications.
Entry-level cybersecurity certifications can help jump-start your cybersecurity career by verifying your skills and knowledge and getting your resume noticed.
3. SSCP certification can help you meet CISSP requirements.
Another way to meet the required CISSP qualifications if you have relevant but insufficient work experience is to work on your credential as a Systems Security Certified Professional or SSCP, also under the (ISC)².
Following this path will help you prepare for CISSP certification. It’s like a walk-through toward fulfilling your primary goal with the added perk of gaining an extensive understanding and mastery of the job ahead of time.
Should you pursue a career as a CISSP?
Becoming a CISSP is challenging, and the necessary qualifications require extensive time and effort. However, compared to almost any other employment type – even in the IT sector – CISSP certification is profitable and affords many opportunities.
If you have what it takes to become a CISSP – drive, credentials, time, and money – and feel confident, you should consider taking the exam. The CISSP job market has high demand across all industries and organizations. Aside from its considerable earning opportunities, you can become an indispensable asset for any company because of your IT security expertise.
Thu, 09 Nov 2023 10:01:00 -0600entext/htmlhttps://www.businessnewsdaily.com/10743-how-to-become-cissp.htmlOhio Republicans Cook Up Yet Another Sinister Plan After Losing Abortion Vote
The House Committee on Ethics released itslong-awaited reporton serial fabulist George Santos Thursday, and every single line is more damning than the last.
Santos, a freshman representative, has caused nothing but controversy since he took office. Hefabricatedthe vast majority of his personal and professional background, and in October, he was federally indicted for financial fraud and identity theft.
“The evidence uncovered by the Investigative Subcommittee (ISC) revealed that Representative George Santos cannot be trusted,” the report stated. “At nearly every opportunity, he placed his desire for private gain above his duty to uphold the Constitution, federal law, and ethical principles.”
The ISC warned that Santos’s “lies go far beyond inaccuracies on a resume.” The reportlays outclearly (and sometimes hilariously) how Santos repeatedly used his campaign to solicit donations, only to use that money forpersonal expenses. He filed false financial statements and continuously lied to voters, donors, and even his staff members.
One sectiondetailshow Santos deposited campaign funds into his personal account. He then spent the money on designer goods, makeup, and “smaller purchases at OnlyFans.” Santos alsospentcampaign money on “spa services and/or cosmetic procedures,” including Botox.
Santos has repeatedly faced questions about the source of his money. He claimed he worked high-level finance jobs and had a family business.
In reality,accordingto the report, “Representative Santos was frequently in debt, had an abysmal credit score, and relied on an ever-growing wallet of high-interest credit cards to fund his luxury spending habits.”
The report alsonotedthat “at no point does Representative Santos appear to have owned a Maserati, despite telling campaign staff otherwise.”
The ISC warned that the worst part of Santos’s repeated fabrications is that the “fraud on the electorate is ongoing.”
“He continues to propound falsehoods and misrepresentations rather than take responsibility for his actions,” the reportconcluded.
Democratic Representative Robert Garcia submitted a privileged resolution to expel Santos immediately after the report was released. Democrats had already submitted a motion tocensureSantos over the summer, but they ultimately shelved the measure.
New York RepresentativesMarc Molinaroand Nick LaLota also called for Santos to be removed in light of the ethics report. The two freshman Republicans were some of thefirst membersof the GOP to demand Santos resign when news of his serial lies first broke. They alsoco-sponsoreda motion to expel Santos in October, but the measurefailedto pass a vote.
“George Santos is a total fraud who stole an election to get to Congress. Now, his election should be invalidated by the House using its Constitutional expulsion powers,” LaLotatoldPolitico reporter Olivia Beavers.
In addition to misusing campaign funds and lying about his employment history, Santos has falsely claimed that his grandparents were Holocaust survivors, his mother died in the 9/11 attacks, and four of his employees were killed in the Pulse nightclub shooting. He also lied about founding ananimal rescue charityand producing the disastrous Broadway musicalSpider-Man: Turn Off the Dark.
Santos has been federallychargedwith 23 counts of various types of financial fraud. He pleaded not guilty to the initial 13 in May, and he has denied the additional 10 that were filed in October in asuperseding indictment. Earlier this year, he also agreed to a deal with Brazilian authorities investigating him for financial fraud so he could avoid prosecution.
Read the full House Ethics Committee report on George Santoshere.
Thu, 16 Nov 2023 03:45:00 -0600en-ustext/htmlhttps://newrepublic.com/post/176979/ohio-republicans-sinister-plan-abortion-crisis-pregnancy-centersRedefining cybersecurity in a digital ageNo result found, try new keyword!In an ever-evolving digital landscape, cybersecurity is more essential than ever. As digitalisation continues to permeate each aspect of our daily lives, organisations have to be equipped with the ...Sun, 05 Nov 2023 13:00:00 -0600en-UStext/htmlhttps://www.theedgesingapore.com/digitaledge/cxos/redefining-cybersecurity-digital-ageThe Security Interviews: ISC2’s Clar Rosso on cyber diversity and policy
A little over a year after expanding a successful UK-based cyber professional certification pilot globally, with the goal of creating a million new security professionals, security training and certification specialist ISC2 says it is beginning to see some early impacts, and CEO Clar Rosso is hopeful of going further still.
The One Million Certified in Cyber Security programme offers free access to ISC2’s online, self-guided, entry-level course and the subsequent exam, which covers the basic principles of security including business continuity, disaster recovery and incident response, access control concepts, network security and security operations practice.
It is open to anybody wishing to expand their skills – and opportunities – in cyber, and focuses particularly on those working in, or who wish to work in, the small to medium-sized enterprise (SME) sector.
According to Rosso, ISC2 – which was known as (ISC)² until a few months ago – believes organisations that focus on developing entry-level security professionals will ultimately be better placed to accelerate the invaluable hands-on training those staff need to kickstart their careers.
And, incidentally, the decision to change the name by dropping the parentheses and upscaling the 2 may be helping elevate the profile of the organisation’s programme, she says.
Sitting down with Computer Weekly at an ISC2 seminar in London, Rosso says the rebrand came down to several factors, including a desire to change the focus of the now 35-year-old organisation, but also to enhance its accessibility in certain markets in the global south, where the extra punctuation was proving somewhat problematic.
A boost to cyber diversity
Indeed, at the time of writing, those working in markets in the global south have been the most eager to avail themselves of the One Million Certified programme. The US and UK are the first and third largest markets, respectively, and in between them sits India.
“One thing that has been interesting is that in emerging markets, this has been a big door-opener,” she says. “People have been saying it’s helping them get their feet in the door, and save money for whatever comes next.”
The scheme has so far seen 300,000 people begin their learning journey, about 75,000 of whom have sat their exams and 32,000 have become certified. Rosso is clearly pleased with the impact she has observed so far.
Right now, the ISC2 team is in the process of a data discovery exercise to find out more about who these individuals are and what they are doing after becoming certified. Rosso has already discovered that in developed markets such as the UK, there has been a significant increase in the percentage of people of colour taking its courses.
“In emerging markets, [the One Million Certified in Cyber Security programme] has been a big door-opener. It’s helping [people] get their feet in the door, and save money for whatever comes next”
Clar Rosso, ISC2
But in other areas, there is still work to be done. “On the gender side, compared to our overall membership it’s good, but we’re still not getting past some barriers,” says Rosso. “Approximately 12% of ISC2 members are women, and it’s getting closer to 25% on the programme, but that’s not good enough.
“There are barriers that we know about – among them being individuals without access to mentors from their peer group. And qualitatively we know that because of the rigour of ISC2 exams, people can be nervous about taking them, which seems to be the case no matter what, but seems to be more the case with women,” she says.
What can be done to tackle this nervousness? Rosso sat the entry-level exam herself and says she was confident in her abilities, having passed similar tests before, but confesses herself “amazed” at how worried the other candidates she met at the Pearson VUE test centre were.
“The stress is real, so we’ve introduced, to test this theory, an exam peace of mind package, where you can buy one exam and, for a lower price, get a retake, which has been massively successful. There are people who understand they may fail the first time, but if they’re not on the hook for $700-plus on the second go, they’re more inclined to stick with it,” she says.
“There are also exam readiness webinars, where people can ask last-minute questions, [and] we’re looking at starting a series of virtual mentoring groups to help. We [also] see in our chapters mutual aid networks of exam support developing too.”
Clar Rosso, ISC2
Where have all the women gone?
Rosso – a former journalist and educator who transitioned into the world of accountancy before taking the reins at ISC2 in 2020 – acknowledges that more work needs to be done on getting women through the door by helping them to feel comfortable and confident in their abilities, but she is also concerned that not enough is being done to get them to stay in cyber.
Security initiatives targeting girls, teenagers and young women are all well and good, she says, “but generally, by the age of 35, most women have left the field”.
And no, she adds in response to the sadly obvious follow-on question, it’s not simply a case of people taking parental leave, because they’re not coming back.
“It doesn’t seem to be kid-related. Parenthood is not a factor,” she observes. “Those who do stay often talk about the cultural environment, so we’re looking at tackling that directly.
“We are going to work with employers to implement best practices within their organisations for recruiting, advancement and retention, but probably most specifically creating an inclusive environment in the workplace that will make women want to stay.”
Rosso says she was surprised by elements of both sets of regulations, notably very tight incident reporting timeframes mandated by the SEC, which have been the subject of much debate across the Atlantic. Similar concerns have been raised around the CRA, to which UK-based organisations will have to submit if they wish to work in the EU, regardless of Brexit.
“We need a more global set of standards and harmonisation,” says Rosso. “Different regulators do look to each other, and they try to follow one another’s leads, but as a professional association with over 500,000 members, we have to help provide the voice of the professional.”
Clar Rosso, ISC2
One of the things Rosso believes all organisations would find valuable is if their C-suites and boards had a better understanding of cyber risk and how to evaluate that to begin with. She cites recent ISC2 research – conducted in the US only but likely of global relevance – which found that 88% of directors in the US were essentially illiterate when it came to cyber security.
“This could make a real difference,” she says. “I know from my time in financial services that board members with financial expertise are beneficial because they execute at a totally different level. It’s exactly the same for cyber.”
A second theme she picks out, which again relates to compliance, is the growing complexity of third-party risk management, supply chain security and security-by-design, all of which interrelate in some way as a risk magnifier for organisations. This is being thought about and tackled in both the UK – which has done world-leading work on this topic – and the EU, but, says Rosso, “nobody has an answer”.
“The overall theme that resonates everywhere is we are moving from a model where the consumer or the user bears the burden of security to those who best have the ability to handle it bearing the burden, which means the developers and the companies that are selling the software,” she says.
Rosso believes the next couple of years will be pivotal for such cyber policymaking, driven by the high-profile nature of threats and the near inevitability of experiencing some form of cyber attack, whether successful or not.
“I would pull that up a level and say it’s actually simple awareness that cyber is a national security and an economic security issue, and that’s why it can’t be ignored anymore,” she says.
Tue, 07 Nov 2023 20:00:00 -0600entext/htmlhttps://www.computerweekly.com/news/366555676/The-Security-Interviews-ISC2s-Clar-Rosso-on-cyber-diversity-and-policySmart Retirees Eventually Realize They Need a Professional Plan
Despite what you may think based on reports in the media, there are plenty of people saving diligently for retirement — and they really do want to get it right.
The people I meet with are high-net-worth, intelligent and successful in their fields, and they spend a lot of effort researching retirement strategies — reading books and articles, listening to TV and radio shows, combing the Internet, even taking classes.
They know all the old rules of thumb — the “4% rule,” the “rule of 100,” — and they’ve tried to wade through the pros and cons of dozens of Social Security claiming strategies. They’ve looked at the cost of long-term care insurance and how best to leave money to their children.
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But in the end, they usually realize the whole thing is just too much to wrap their arms around. Retirement planning isn’t a hobby or something you can do in your spare time.
A confident retirement requires a custom-tailored, comprehensive financial plan that makes the most of all the opportunities and options out there. And for that, you may need a financial adviser who specializes in retirement income strategies. Instead, I see people whose broker or banker or brother-in-law told them they were in great shape to retire, because they had plenty of money in their retirement savings. And so they do it. They quit their jobs, they travel, they golf, they buy a vacation home — and after two or three years, they look at where they are financially, and they’re scared by how quickly their money is going away.
That’s because nobody told them EXACTLY what they would need to do to have the lifestyle they want and still make their money last.
I’ve seen people with $1 million, even $2 million, who ran out of money because they didn’t have a plan. And I’ve seen people with $500,000 who’ve maintained their comfortable lifestyle for decades, because they had the right plan in place. A plan can make that big of a difference.
So, where should you start? Most financial advisers who specialize in retirement income planning will take you through a series of steps to help assess your needs and put your plan in place. We call ours “Retire with Freedom,” and it includes:
1. Getting your picture.
This is where we take a look at what you want from retirement. What are your goals and dreams? With whom do you want to spend your time? Do you want to leave a legacy for your loved ones? During our first meeting, we’ll get to know all those things.
2. Stress testing.
Once we know what you want, we’ll look at what you have. Where is your money? How is it taxed? What will you need to support your current lifestyle? (Most people don’t know what they’re spending; they’re just guessing.) This process will show you what’s working and what isn’t.
After we’ve looked at your current approach, we’ll talk about what we should keep and what options we could add that will lead you to a more successful retirement. We’ll go through the benefits and limitations of each alternative so that you truly understand what’s going on.
Next, we’ll execute the plan we’ve designed, choosing the best tools and strategies for the job.
Finally, we’ll monitor how you’re doing and make sure everything is going the way you want. We’ll watch your retirement plan, of course, but also stay in touch to see what changes are happening in your life. For example, if you lose your job three years before you planned to retire and you need income, we can adjust for that. Or if you or your spouse have an unexpected and expensive health problem, there’s a plan for that. Or if one of you dies and the income plan needs to change, we’re ready. All of these things are easier to deal with if you already have a comprehensive plan in place.
Retirement planning just keeps getting more complicated. The rules change, there are great new products and opportunities popping up all the time, and there are always new problems, too.
You can’t just wing it and expect your money to last for 25 or more years. You need a plan and a professional to build it for you.
Kim Franke-Folstad contributed to this article.
Investment advisory services offered through AE Wealth Management, LLC (AEWM). AEWM and Freedom Financial Group are not affiliated entities. Investing involves risk, including the potential loss of principal. Any references to protection benefits, lifetime income and safety generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. AW11175154
This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.
Tue, 19 Dec 2017 10:00:00 -0600entext/htmlhttps://www.kiplinger.com/article/retirement/t023-c032-s014-smart-retirees-realize-they-need-professional-plan.htmlGraduate College Strategic Plan: Professional Development
The Graduate College will enhance graduate experiences by providing opportunities for professional development.
Objective 1: The UD Graduate College, in collaboration with partners from within and outside the institution, will build data- and outcome-driven, integrated and holistic graduate professional development resources that help graduate students and postdocs thrive during their time on campus and beyond. Upon completing their training at UD, our students and postdocs will have acquired the following competencies:
leadership and management
teaching and mentoring
personal growth and wellbeing
Objective 2: The Graduate College will inspire, educate and empower graduate students and postdocs in their career journeys.
Objective 1 - Develop a leadership certificate program with specific tracks for graduate students to prepare them for diverse, global working communities by collaborating with the Women’s Leadership Initiative, Blue Hen Leadership Program, Professional and Continuing Studies, cultural clubs, identity-based student organizations, and other campus units as needed.
Objective 1 - Offer grant-writing workshops to help increase graduate students’ pursuit of and competitiveness for internal and external funding opportunities.
Objective 1 - Develop training and resources to help academic departments launch graduate student peer-to-peer mentoring programs where senior graduate student mentors provide support and guidance to first-year graduate students.
Objective 1 - Continue to provide graduate students and postdocs Accelerate to Industry™ (A2i) Job Search Strategies workshops as career exploration programming and an option to engage with prospective industry partners.
Objective 1 - Cultivate partnerships with academic departments, UD offices and employers to create experiential learning experiences for graduate students.
Objective 1 - Enhance connections between doctoral students and doctoral alumni by launching and managing a pilot Grad LEAP alumni mentoring program.
Objective 1 - Establish postdoctoral leadership fellow positions to help build a postdoc community. The fellows will create opportunities for postdocs to connect with one another through National Postdoc Appreciation Week events, postdoc Slack channel, and community-building events throughout the year.
Objective 1 - Develop and manage a tiered teaching certificate program for graduate students and postdocs that includes topics such as inclusive teaching practices, understanding and identifying implicit bias, Title IX, campus climate, and the history of racism and DEI practices at UD.
Objective 2 - Support career development of graduate students and postdocs by providing 1-on-1 career assistance to help them navigate the job search process and prepare effective application materials.
Objective 2 - Promote employment opportunities from employer partners to focus on academic departments within UD and A2i academic partner institutions.
Mid-Term (AY21-22 to AY23-24)
Objective 1 - Organize and host events and programs, such as the Three-Minute Thesis, to create opportunities for students and postdocs to translate their graduate-level skills and communicate their scholarly activities to a broad range of audiences.
Objective 1 - Collaborate with UD’s College of Arts and Sciences’ Writing Center and Research Office to offer training on book and article writing to enhance students’ publishing skills.
Objective 1 - Develop a visual, digital and social media communication certificate program in collaboration with Professional and Continuing Studies to help graduate students and postdocs present and promote their research and professional experiences in multimedia and multiplatform applications.
Objective 1 - Provide support and community to graduate students from traditionally underserved and marginalized populations through collaborative partnerships with campus units and match students with peers, faculty and staff.
Objective 1 - Curate online resources for graduate students and postdocs to help them navigate advisor-advisee relationships.
Objective 1 - Co-develop a comprehensive personal development and wellbeing program with campus partners to provide a full year of events on topics that enhance graduate student experiences.
Objective 1 - Coordinate with Professional and Continuing Studies, colleges and academic affairs units to develop credit and noncredit (transcript notation) graduate-level certificate programs to help graduate students and postdocs acquire high-demand skills.
Objective 2 - Continue to conduct focus groups and surveys with diverse groups of graduate students to receive feedback/perception about current services and make recommendations about future offerings. Focus on BIPOC and URM students to create career and professional development programs and resources tailored to these students.
Objective 2 - Develop and standardize the use of doctoral and master’s student Individual Development Plans across all graduate programs to help students define and achieve their academic and professional goals.
Objective 2 - Create and market a portfolio of on- and off-campus learning opportunities for high-demand skills to boost transferable skills, enrich our graduates' lives and increase their employability.
Long-Term (AY21-22 to AY25-26)
Objective 1 - In collaboration with the Career Center, Lerner Career Services and ISSS, further determine the needs of international students within each college concerning transitioning to U.S. culture, wellness, and professional development and career success. Co-develop responsive programs and funding opportunities within and across colleges.
Objective 1 - Create a framework and training for the Career Ambassadors Program to (1) help raise awareness of professional and career development opportunities offered by the Graduate College and (2) develop tailored programming that meets the needs of the specific student population.
Objective 2 - Develop the syllabus and create content for the Graduate Student Career Management Course in Canvas to provide career development resources and interactive career skill-building activities and track student engagement level over the course of their graduate training.
Objective 2 - Showcase graduate students and postdocs who have previously won external grants and fellowships on the Graduate College website to create a learning community of peers that can provide guidance and feedback on grant applications.
For Overall Professional Development
Percentage of stakeholders who utilize professional development resources or are engaged with the professional development team via program requests or participating in one of the initiatives.
Percentage of stakeholders who are satisfied with professional development resources (by degree programs, disciplines and demographics).
Students (by degree programs, disciplines and demographics)
Graduate student organizations
Chairs and program directors
Graduate program coordinators
For Leadership and Management Competency
Leadership certificate is in place by December 2022.
Number of graduate students participating in leadership certificate broken down by demographic, degree program, college and discipline.
For Teaching and Mentoring Competency
Higher education teaching certificate is in place by September 2022.
Number of graduate students participating in the higher education teaching certificate program broken down by demographic, degree program, college and discipline.
Percentage of graduate students who strongly agree UD prepared them to be an effective teacher in a postsecondary education setting.
For Career Navigation Competency
Percentage of graduate students who strongly agree UD prepared them to successfully lead and manage people and projects.
Percentage of graduate students who are confident they will graduate with the skills and knowledge to be successful a) in the job market and b) in the workplace (measure in first year and at graduation).
Percentage of graduate students who strongly agree they are confident in their abilities to succeed in a global workplace and with colleagues from diverse backgrounds and ideas.
Percentage of graduate students who believe their graduate programs will lead to a good job within their discipline (measure in first year and at graduation).
Percentage of graduate students who strongly agree they are confident about their career direction.
Percentage of graduates indicating a high level of career and personal success five and 10 years after graduation as measured by their wellbeing, employment metrics and satisfaction.
Percentage of graduate students receiving career advice, mentorship, job shadowing experiences, and internship and job search assistance from UD graduate program alumni before graduation.
Percentage of recent graduate student alumni who circle back to provide career advice, mentorship, job shadowing experiences, and internship and job search assistance to current students due to the value of support they received while in their programs.
Percentage of graduate students who strongly agree UD provides an expansive and relevant network of employers and alumni to engage for internship opportunities, jobs and career guidance.
Percentage of graduate students completing internships, field experiences, job shadowing, clinical experiences and faculty-supervised research.
Number of colleges and academic departments with structured alumni networks in place to support graduate students and departmental initiatives.
Percentage of academic departments and programs utilizing Individual Development Plans as part of their advising programs and percentage of doctoral and master’s students actively using their plans.
For Communication Competency
Increased success in students securing competitive internal and external funding and awards as measured by:
Percent of doctoral students with year-round funding in their first five years.
Number of competitive awards given for travel, language courses, project supplies and other enrichment resources.
Number of students applying for and winning internal and external grants and fellowships.
Achieve equity in students pursuing and securing internal and external funding opportunities based on race, ethnicity and other demographics. Measured by tracking the number of funding opportunities graduate students applied to and awarded and analyze the data based on various demographics.
Percentage of graduate students who strongly agree that they are confident in their ability to understand and articulate their skills, experiences, research and academic or professional goals in writing, online and verbally.
Percentage increase in graduate students with published articles within three years of graduation.
For Personal Growth and Wellbeing Competency
Number of programs, events or workshops on the topics of wellness, mental health and personal growth.
Percentage of graduate students who strongly agree that UD is committed to their wellness, mental health and personal growth.
Number of graduate students participating in Grad LEAP broken down by demographic, degree program, college and disciplines.
Number of graduate alumni participating in Grad LEAP broken down by demographic, degree program, college and disciplines.
Number of academic departments participating in or utilizing peer-to-peer mentoring resources.
Sun, 02 Jan 2022 01:54:00 -0600entext/htmlhttps://www.udel.edu/academics/colleges/grad/about-us/strategic-plan/professional-development/CPA Exam Guide: Everything You Need To Know About the New Exam In 2024
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We don’t blame you. After all, the pass rates for each exam section range from about 40% to 60%, according to the American Institute of Certified Public Accountants (AICPA®)—not the best prognosis. The CPA exam is difficult and time-consuming, but passing it is the most important step of CPA licensure. And at the end of the day, becoming a CPA is worth it to many professionals.
Earning the CPA credential opens doors to high-paying, advanced accounting careers in numerous industries. The 2024 CPA exam comes with a few changes compared to previous years, so make sure to stay in the know if you plan to sit for the exam in or after 2024. We’ve outlined the new exam here to help you research and prepare.
What Is the CPA Exam?
The Uniform Certified Public Accountant Examination, also known as the Uniform CPA Exam or CPA Exam, is for accountants pursuing CPA licensure. Many employers seeking highly trained accountants require a CPA license, which involves rigorous coursework and skill testing to earn.
AICPA develops the CPA exam, and the National Association of State Boards of Accountancy (NASBA) and its included state boards of accountancy assist with reviewing applications, administering the exam and reporting scores.
The CPA exam consists of four sections, testing candidates on topics like taxation, financial planning, auditing and accounting technology.
What’s New About the CPA Exam in 2024?
The 2024 CPA exam introduces a new “discipline” section, including three options:
Business analysis and reporting (BAR)
Information systems and controls (ISC)
Tax compliance and planning (TCP)
Candidates choose one of the three disciplines to test on. Candidates must also test within the three required Core sections:
Auditing and attestation (AUD)
Financial accounting and reporting (FAR)
Taxation and regulation (REG)
The 2024 version of the CPA exam eliminates the business environment and concepts (BEC) section and transitions some portions of FAR and REG into the new disciplines. Since the BEC section was the only one to include a written essay, the essay portion is eliminated from the 2024 CPA exam.
CPA Exam Requirements
Each state board of accountancy within NASBA sets its own requirements to sit for the CPA exam, so criteria may vary among states. However, many state boards require at least the following from candidates before they’re eligible to take the CPA exam:
Be at least 18 years old
Have a 120-credit bachelor’s degree in accounting or a bachelor’s degree with a certain number of credits in non-introductory accounting courses and business courses
Submit official school transcripts, a credit evaluation application and proof of residency
Education requirements vary the most among state boards of accountancy. For instance, Georgia only requires exam candidates to have a bachelor’s degree with 20 semester hours in non-introductory accounting courses. However, Rhode Island sets more specific stipulations for CPA exam applicants who don’t have a graduate degree in accounting, including at least 24 accounting semester hours covering distinct subjects like auditing and tax accounting.
CPA Exam Structure
The three cores and three disciplines of the CPA exam each include both multiple-choice questions and task-based simulations. The exam lasts 16 hours in total—four hours per section—and candidates can take different sections of the exam on different days rather than in one sitting.
Still, test takers must complete and pass all four sections within 18 months—usually beginning on the day a candidate takes their first passed section—to pass the exam. We explore the four sections in detail below.
Auditing and Attestation
The AUD section tests a candidate’s understanding of the technical and ethical aspects of auditing for public and private entities. AUD also covers reporting requirements, risk assessment strategies, obtaining evidence and ethical responsibilities for CPAs.
AUD is divided into four content areas:
Area I: Ethics, professional responsibilities and general principles
Area II: Assessing risk and developing a planned response
Area III: Performing further procedures and obtaining evidence
Area IV: Forming conclusions and reporting
Financial Accounting and Reporting
The questions and tasks in the FAR section target three content areas:
Area I: Financial reporting
Area II: Select balance sheet accounts
Area III: Select transactions
Within these sections, candidates prove their ability to prepare and analyze financial statements, balance sheets with various types of income and expenses, correct accounting errors, and navigate the differences in financial accounting and reporting for for-profit and nonprofit companies.
Taxation and Regulation
The REG section explores tax laws for businesses and individuals within the United States, ensuring that CPA candidates understand the significance of and procedures for compliance. Candidates work with taxation technology and resources to analyze data and determine the correct processes for accuracy and completeness.
This section includes five content areas:
Area I: Ethics, professional responsibilities, and federal tax procedures
Area II: Business law
Area III: Federal taxation of property transactions
Area III: Federal taxation of individuals
Area III: Federal taxation of entities
CPA candidates must choose one of three disciplines as the fourth section of the CPA exam.
Previous versions of the CPA exam included the BEC section, which explored corporate governance, information technology, financial and operations management, and economic concepts. The discipline section replaces BEC, allowing candidates to test in an area of interest or advanced skill.
This section offers the following testing areas:
Business analysis and reporting: BAR expands on several concepts in FAR, including data collection sourcing, financial analysis and reporting, while closely examining business analysis and local and state governmental accounting.
Information systems and controls: ISC focuses on secure and accurate data collection, storage and analysis procedures used in accounting. Candidates must demonstrate knowledge of information technology audits, security threats and mitigation, and security regulations.
Tax Compliance and Planning: TCP digs deep into taxation for individuals and entities beyond what’s included in REG. TCP topics and tasks include calculating estimated tax payments, reviewing shareholder debts and investments, and distinguishing types of business entities for tax purposes.
How Is the CPA Exam Scored?
CPA exam scoring weighs the scaled scores of multiple-choice questions and task-based simulations of each section equally at 50% of the total score. The only exception is the ISC discipline, in which multiple-choice questions make up 60% of the score and task-based simulations account for 40%.
Each exam goes through a multi-step review process to ensure scoring accuracy.
How Hard Is the CPA Exam?
If AICPA’s pass rate data is any indication, this is a hard test. During the first two quarters of 2023, these were the pass rates for each section of the CPA exam:
BEC (eliminated from the 2024 exam): 58.25%
How To Study for the CPA Exam
The CPA exam process is long and rigorous, so planning can be the key to passing each section. Before you begin studying, plan your timeline carefully.
In what order do you want to take each section? How will you space out the various sections to give yourself ample study time? Keep track of exam application deadlines, and think about when you should schedule study sessions. Also, consider whether you’ll need to take some time off work.
AICPA’s Exam Blueprints offer an excellent starting point for your test prep. The blueprints walk you through each section of the CPA exam, filling you in on what to expect and what to study.
CPA Exam Study Resources
AICPA offers official resources for continuing education for practicing accountants. Though you aren’t yet a CPA, you might find these materials helpful while studying for your CPA exam. They are categorized into many of the same topics you’ll work with on the exam, like auditing and financial reporting, and many are free or discounted for AICPA members.
You can also practice with a shortened sample test from AICPA, which familiarizes you with the CPA exam software.
Several other online resources are available to help you study for the CPA exam, although it’s important to ensure courses and materials are up to date and designed or taught by credentialed instructors. AICPA hosts a database of CPA exam preparation resources, including costs and user ratings for each to help you narrow your options.
CPA Exam Study Methods
Preparing for the CPA exam takes significant motivation and focus, and studying with other CPA exam candidates could help you stay on track. Consider looking for study group participants at work, through your local professional organization or from your graduating class. You might also find nearby candidates through social media groups.
Collaborate with your study group members to decide which materials you’ll use, whether you’ll host meetings in person or online, and how often you’ll study so everyone can stay on track.
If you’d like to study solo, find a quiet, dedicated space for sessions and make room in your schedule for several hours of exam preparation each week. Consider getting support from a trusted colleague or mentor when necessary.
Frequently Asked Questions (FAQs) About the CPA Exam
Is the CPA harder than the bar?
The CPA exam and bar exam are both known for their challenging content. However, based on the passing rates for each, the CPA exam generally appears more difficult to pass than the bar. Depending on the jurisdiction, the July 2023 bar exam saw pass rates ranging from 58% to 92%, according to the National Conference of Bar Examiners. The highest cumulative passing rate for any section of the CPA exam during the first two quarters of 2023 was 59.22%.
How many questions are in the CPA exam?
The CPA exam comprises between 250 and 282 multiple-choice questions, plus 28 or 29 task-based simulations, depending on the discipline section you choose. ISC has the most questions and simulations in total, followed by TCP and BAR.
Tue, 31 Oct 2023 02:14:00 -0500Amy Boyingtonen-UStext/htmlhttps://www.forbes.com/advisor/education/cpa-exam-guide/What Is A Defined Contribution Plan?
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A defined contribution plan is an employer-sponsored retirement plan funded by money from employers and employees. The money you save for retirement in a defined contribution plan is invested in the stock market, and you may also get valuable tax breaks when you make contributions.
How Does a Defined Contribution Plan Work?
A defined contribution plan is sponsored by an employer, which typically offers the plan to its employees as a major part of their job benefits.
It’s called a “defined contribution” plan because workers who participate in the plan kick in specific—or defined—amounts of money to their accounts. In many cases, the company also contributes. Often, only the employer or the employee contributes to individual accounts.
Defined contribution plans come with valuable tax benefits. These may include pretax contributions that reduce an employee’s taxable income—plus potential tax-write offs for the employer. Alternatively, plans can allow post-tax Roth contributions, which can give an employee tax-free income in retirement.
Either way, contributions are sheltered from taxation while they remain in an employee’s account, year by year.
Companies manage defined contribution plans on behalf of their employees, and choose the various options offered by the plan. Employers often farm out the day-to-day operation of a plan to an outside professional manager—the Fidelity Investments, Vanguards and Capital Groups of the financial world. Employers decide whether or not they want to make contributions to their employees’ accounts. Employer contributions can include profit sharing, safe harbor contributions or matching contributions.
Employees can decide whether or not they want to participate in their employer’s defined contribution plan. If they choose to participate, they decide what percentage of their salary to contribute, and select different investments for their own account, most commonly a curated selection of mutual funds, including index funds.
Income in retirement entirely depends on the contributions saved in the account and the performance of an employee’s investment choices.
Defined Benefit Plan vs. Defined Contribution Plan
Traditional pension plans are known technically as defined benefit plans. They work differently from defined contribution plans. While a defined contribution plan puts most of the responsibility for contributing money and managing investments on the employee, a defined benefit plan is run by the employer.
The “defined” part of a defined benefit plan is, well, the benefit. Workers and employers know the size of each expected pension payout—or the formula for determining every payment payout—upfront. A defined benefit plan guarantees a specific amount of money employees can expect to receive as income each month in retirement, whether that’s an exact dollar amount or a percent of salary averaged over particular earning years.
Not all defined benefit plans are traditional pension plans, but traditional pension plans are the most familiar type of defined benefit plans. Generally, employers make the bulk of contributions to a traditional pension plan, rather than the employee.
Pension plans used to be common in the workplace—at one point, the vast majority of private sector workers had one. Today, only 21% of workers participate in a pension plan—depending on whose head count you’re looking at. And most pension plans are for state and local government workers. Twice as many workers (43%) participate in a defined contribution plan.
Defined contribution plans are largely funded by employee contributions, and they offer no guaranteed return of income in retirement. Unlike defined benefit plans, however, they generally offer the employee control over investments made with the plan contributions.
Defined Contribution Plan Advantages
A defined contribution plan offers certain advantages, from tax benefits to high contribution limits.
Automated retirement savings. Once an employee opts into a defined contribution plan, contributions are automatically deducted from their paychecks on a regular schedule. This lets plan participants automate their retirement savings.
Tax benefits. Regardless of whether you choose a traditional or Roth defined contribution plan, you will receive some sort of tax break—and your investments will grow tax-free while they’re inside your account.
Potential employer match. Many defined contribution plans let employers match a portion of an employee’s contributions, such as a 100% match of the first 3% of your salary that you contribute.
High contribution limits. While contributions to an individual retirement account (IRA) are capped at $6,500 per year in 2023 ($7,500 if you’re 50 or older) and $7,000 in 2024 ($8,000 if you’re 50 or older), employees can save much more in a defined contribution plan—up to $22,500 for 2023 and up to $23,000 for 2024, plus as much as $7,500 in catch-up contributions both years.
Defined Contribution Plan Disadvantages
A defined contribution plan, however, isn’t without its downsides.
No guaranteed income. Unlike a defined benefit pension, there is no guaranteed payout at the end of your defined contribution rainbow. Since contributions are invested in the stock market, they are subject to investment risks and market volatility.
Potential high fees. Some defined contribution plans come with high fees. These may include plan administration fees, investment fees and individual service fees. If your plan has excessively high fees, experts generally recommend you invest enough to get any matching contributions from your employer, and invest the rest of your retirement contributions in an IRA.
Limited investment options. Defined contribution plans may offer limited investment choices, depending on the selection of funds an employer offers. If you are unhappy with your plan’s investment options, consider saving some of your retirement funds in an IRA, which usually offers more choices.
Employer contribution vesting. Some defined contribution plans require an employee to remain at a company for a number of years before they gain full ownership of employer contributions. Approximately half of 401(k) plans have some sort of vesting schedule.
Required minimum distributions. Most defined contribution plans require you to start taking distributions once you turn 72 (later for some workers, depending on their age), whether you need the income or not. Called required minimum distributions, or RMDs, these can increase your taxable income. You may be able to decrease your RMDs with a Roth IRA rollover or by purchasing a qualified longevity annuity contract (QLAC).
Types of Defined Contribution Plans
Many of the retirement plans you’re already familiar with are defined contribution plans. While there are a variety of defined contribution plans, most of them offer very similar features; their different names primarily indicate the kinds of companies they’re sponsored by. Types of defined contribution plans include:
Traditional 401(k). This is the most common defined contribution plan. Offered by for-profit companies, 401(k)s are funded by pre-tax employee contributions as well as matching or non-matching contributions from employers.
Roth 401(k). This version of the 401(k) lets employees contribute after-tax funds. Companies cannot contribute matching funds to Roth accounts, so employer contributions are placed in a complementary 401(k) if you opt for a Roth 401(k).
403(b) and 457(b) plans. These plans are offered by government agencies, public educational institutions, certain nonprofits and religious organizations. Both 403(b) and 457 plans may offer Roth accounts.
SEP IRA. Designed for self-employed individuals and small businesses, SEPs require employers to make the same percentage-of-salary contribution to each participating employee’s plan. Employees do not make contributions, and Roth options are not available.
SIMPLE IRA. Designed for companies with 100 or fewer employees, SIMPLE IRAs may provide employer matching or require employer contributions, regardless of employee participation. Employees are always able to contribute to a SIMPLE IRA. Roth accounts are not available.
Thrift Savings Plan (TSP). Available for employees of the federal government and members of the armed services, a TSP allows both employers and employees to contribute. Roth accounts are available, but investment options are generally more limited than other defined contribution plans.
Profit-sharing plans. These plans are funded only with employer contributions, typically from a business’s earnings. Each employee generally receives a percentage of earnings, although contribution amounts may change based on a business’s overall profitability.
Money purchase plans/401(a). Money purchase plans function like profit-sharing plans, except that employers make fixed annual contributions to every employee’s account, no matter what earnings and profitability look like in a given year. Employees may be required to contribute a percentage of their salary. 401(a) plans are money purchase plans for government agencies, public educational institutions and nonprofits.
Employee stock ownership plans (ESOPs): These plans are funded with shares of an employer’s stock.
Defined Contribution Plan Contribution Limits
Contributions are at the heart of all defined contribution plans. Here are employer and employee annual contribution limits for 2023:
401(k), 403(b), most 457(b) plans and TSPs: Plan participants can contribute up to $22,500 for the year if they’re under 50. Those 50 and older can contribute an additional $7,500. Employers may contribute up to 25% of an employee’s compensation (with certain limits), but total employee and employer contributions cannot exceed $66,000, or $73,500 if they are 50 or older.
Profit-sharing plans: Employers can contribute up to the lesser of 25% of compensation or $66,000.
Money purchase plans/401(a) plans: Employers and employees can contribute up to a total of 25% of an employee’s net compensation or $66,000, whichever is less.
SIMPLE plans: Participants can contribute up to $15,500. Those 50 or older can contribute an additional $3,500.
SEP IRAs: SEPs don’t allow employee contributions, but employers can add up to the lesser of $66,000 or usually 20% of an employee’s salary.
Here are those limits for 2024:
401(k), 403(b), most 457(b) plans and TSPs: Plan members can kick in as much as $23,000, plus an additional $7,500 if they’re eligible for catchup contributions. Employers may contribute up to 25% of an employee’s compensation (with certain limits), but total employee and employer contributions cannot exceed $69,000, for a grand total of $76,500 if they are 50 or older.
Profit-sharing plans: Employers can contribute up to the lesser of 25% of compensation or $69,000.
Money purchase plans/401(a) plans: Employers and employees can contribute up to a total of 25% of an employee’s net compensation or $69,000, whichever is less.
SIMPLE plans: Participants can contribute up to $16,000. Those 50 or older can contribute an additional $3,500.
SEP IRAs: SEPs don’t allow employee contributions, but employers can add up to the lesser of $69,000 or usually 20% of an employee’s salary.
Mon, 06 Nov 2023 03:59:00 -0600Kate Ashforden-UStext/htmlhttps://www.forbes.com/advisor/retirement/defined-contribution-plan/ISC Reports 2023 Third Quarter Financial Results
REGINA, Saskatchewan, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) today reported on the Company’s financial results for the third quarter ended September 30, 2023.
Capitalized terms that are used but not defined in this news release have the meaning ascribed to those terms in Management's Discussion & Analysis for the period ended September 30, 2023
2023 Third Quarter Highlights
Revenue was $54.6 million for the quarter, an increase of 12 per cent compared to the third quarter of 2022. The increase was due to continued customer and transaction growth in Services combined with fee increases implemented in Registry Operations in July 2023.
Net income was $4.2 million or $0.24 per basic share and $0.23 per diluted share compared to $7.8 million or $0.44 per basic share and $0.43 per diluted share in the third quarter of 2022. The reduction in net income during the quarter resulted from increased net finance expense due to increased interest rates, higher borrowings used to fund the Upfront Payment, interest accrued on the vendor concession liability to the Province of Saskatchewan and amortization related to the intangible asset associated with the right to operate the Saskatchewan Registries. This was partially offset by strong adjusted EBITDA contributions from Registry Operations and Services.
Net cash flow provided by operating activities was $14.6 million for the quarter, a 3 per cent reduction from $15.1 million in the prior year due to non-cash working capital changes in accounts receivable (due to higher revenue in the current year) and timing of income tax payments, partially offset by the growth of adjusted EBITDA in Registry Operations and Services.
Adjusted net income was $8.4 million or $0.47 per basic share and $0.46 per diluted share compared to $8.7 million or $0.49 per basic share and $0.48 per diluted share in the third quarter of 2022. The slight decrease for the quarter was driven by increased interest expense on long-term debt, largely offset by the strong performance of Registry Operations following fee adjustments introduced during the quarter and continued customer and transaction growth in Services.
Adjusted EBITDA was $19.2 million for the quarter compared to $17.0 million in 2022 primarily due to a higher contribution from Registry Operations driven by fee adjustments implemented during the quarter and continued customer and transaction growth in Services. This increase was partially offset by lower adjusted EBITDA in Technology Solutions and Corporate due to the timing of revenue recognition and continued investments in people and technology. Adjusted EBITDA margin was 35.2 per cent compared to 34.9 per cent in the third quarter of 2022.
Adjusted free cash flow for the quarter was $14.4 million, up 27 per cent compared to $11.4 million in the third quarter of 2022, primarily related to stronger results from operations in Registry Operations and Services during the quarter. This was partially offset by increased capital expenditures related to technology systems in Registry Operations and Services and increased interest expense due to higher interest rates and higher principal balance outstanding as a result of the borrowings to fund the Upfront Payment.
On July 5, 2023, the Company entered into an extension agreement (the extension agreement together with certain related ancillary agreements are collectively referred to as the “Extension Agreement”) with the Province of Saskatchewan to extend the term of its exclusive MSA until 2053. The Extension Agreement extends ISC’s exclusive right to manage and operate the Saskatchewan Registries. Under the Extension Agreement, ISC was granted the right to introduce and/or enhance fees on certain transactions with applicable fee adjustments that went into effect on July 29, 2023. The consideration to be paid includes the Upfront Payment, which was paid during the quarter, five annual cash payments of $30.0 million per year commencing in July 2024 and annual contingent payments potentially payable after 2033 if certain volume growth criteria are met.
In addition to entering into the Extension Agreement, the MSA was also amended and restated (“Amended and Restated MSA”) to, among other things, implement certain incremental terms and conditions, the objectives of which are to enhance security features and protocols for the Saskatchewan Registries, contemplate emerging and future technology enhancements for the Saskatchewan Registries and the services provided pursuant to the Amended and Restated MSA, refresh and clarify governance practices and structure, adjust the registry fees chargeable by the Company, and provide flexibility for change over the life of the extended term.
In connection with the Extension Agreement, ISC entered into an Amended and Restated Credit Agreement with its syndicate of lenders in connection to its Credit Facility. The aggregate amount available under the Credit Facility has been increased from $150.0 million to $250.0 million and consists of ISC’s existing $150.0 million revolving credit facility together with a new $100.0 million revolving credit facility. In addition, ISC maintains access to a $100.0 million accordion option, providing the flexibility to upsize the aggregate revolving credit facility up to $350.0 million. The Consolidated Net Funded Debt to EBITDA financial covenant was increased to provide additional balance sheet flexibility to ISC. The expiry date of the Credit Facility of September 2026 remained unchanged. During the quarter, the Company made total drawings of $150.7 million of which $150.0 million was used to fund the Upfront Payment required on the execution of the Extension Agreement while $0.7 million was used to fund transaction costs.
On July 27, 2023, ISC announced that it has expanded the lenders under the Company’s Credit Facility to include the Bank of Montreal. The syndicated Credit Facility now includes RBC, CIBC and the BMO. The total amount available under the Credit Facility remained unchanged.
Financial Position as at September 30, 2023
Cash of $21.4 million compared to $34.5 million as of December 31, 2022.
Total debt of $187.2 million compared to $66.0 million as of December 31, 2022. The Company is focused on continuing sustainable growth and rapidly deleveraging towards a long-term net leverage target of 2.0x – 2.5x.
On October 31, 2023, ISC announced a new US$3.2 million (approximately CA$4.5 million) contract with the State of Michigan for a period of five years to be delivered through its Technology Solutions segment. This contract includes the delivery of a modern, online Uniform Commercial Code System using the Company’s RegSys platform to support service improvement and efficiencies for the State of Michigan.
Commenting on ISC’s results, Shawn Peters, President and CEO stated, “The big news of the quarter and year-to-date was our milestone announcement regarding the extension of the term of ISC’s exclusive Master Service Agreement with the Province of Saskatchewan to manage and operate the Saskatchewan Registries until 2053. This Extension has been an important priority for us and immediately enhanced the Company’s scale and financial profile.” Peters continued, “With respect to our three segments, both Registry Operations and Services performed well in difficult economic conditions with Services proving once again to be our driver of organic growth. ISC continues to prove that it can produce sustained, positive performances regardless of economic conditions and although not currently recognized by the market, ISC’s fundamentals remain stronger than ever, especially with the extension completed and a solid plan to de-lever the balance sheet in the near-term.”
Management’s Discussion of ISC’s Summary of 2023 Third Quarter Consolidated Financial Results
(thousands of CAD; except earnings per share, adjusted earnings per share and where noted)
Three Months Ended September 30, 2023
Three Months Ended September 30, 2022
Technology Solutions Corporate and other
Adjusted EBITDA margin1
Adjusted net income1
Earnings per share (basic)
Earnings per share (diluted)
Adjusted earnings per share (basic)1
Adjusted earnings per share (diluted)1
Adjusted free cash flow1
1Adjusted netincome, adjusted earnings per share,basic, adjusted earnings per share, diluted,adjusted EBITDA, adjusted EBITDA marginand adjusted free cash flow are not recognized as measures under IFRS and do not have a standardized meaning prescribed by IFRS and, therefore, they may not be comparable to similar measures reported by other companies; refer to section 8.8 “Non-IFRS financial measures”in the MD&A. Refer to section 2 “Consolidated Financial Analysis”in the MD&Afor a reconciliation of adjusted net income and adjusted EBITDA to net income. Refer to section 6.1 “Cash flow”in the MD&Afor a reconciliation of adjusted free cash flow to net cash flow provided by operating activities.See also a description of these non-IFRS measures and reconciliations of adjusted net income and adjusted EBITDA to net income and adjusted free cash flow to net cash flow provided by operating activities presented in the section of this news release titled “Non-IFRS Performance Measures”.
2023 Third Quarter Results of Operations
Total revenue was $54.6 million, up 12 per cent compared to Q3 2022.
Registry Operations segment revenue was $27.4 million, up compared to $25.0 million in Q3 2022:
Land Registry revenue was $17.8 million, up compared to $15.2 million in Q3 2022.
Personal Property Registry revenue was $3.0 million, flat compared to the same prior year period.
Corporate Registry revenue was $2.8 million, up compared to $2.6 million in Q3 2022.
Property Tax Assessment Services revenue in Registry Operations was $3.9 million, flat compared to the same prior year period.
Services segment revenue was $25.6 million, up compared to $22.2 million in Q3 2022:
Regulatory Solutions revenue was $19.4 million, up compared to $16.3 million in Q3 2022.
Recovery Solutions revenue was $2.9 million, up compared to $2.4 million in Q3 2022.
Corporate Solutions revenue was $3.3 million, down compared to $3.5 million in Q3 2022.
Technology Solutions revenue from third parties was $1.6 million, up from $1.5 million in Q3 2022.
Consolidated expenses (all segments) were $43.3 million, up $6.4 million compared to $36.9 million in Q3 2022.
Net income was $4.2 million or $0.24 per basic share and $0.23 per diluted share, down $3.6 million compared to $7.8 million or $0.44 per basic and $0.43 per diluted share for Q3 2022.
Outlook The following section includes forward-looking information, including statements related to our strategy, future results, including revenue and adjusted EBITDA, segment performance, the industries in which we operate, economic activity, growth opportunities, investments, and business development opportunities. Refer to “Caution Regarding Forward-Looking Information” in Management’s Discussion & Analysis for the three and nine months ended September 30, 2023.
For For the balance of 2023, we expect continued organic growth in our Services segment, while the Registry Operations segment will continue to be a strong contributor to adjusted EBITDA and free cash flow generation. Our year-to-date results continue our history of positive quarter-after-quarter performance and stability; we expect that to continue.
We also expect to execute on our plan to de-lever the balance sheet to realize a long-term net leverage target of 2.0x – 2.5x; a plan which commenced immediately following the announcement of the Extension in July, as evidenced by our third quarter 2023 payment against our outstanding debt.
At the end of October, the Bank of Canada held interest rates at 5 per cent, noting that it was prepared to raise interest rates again if inflation remains high. We therefore expect economic conditions in Canada to remain in line with our expectations for the remainder of 2023. As a result, we expect volumes in the Saskatchewan Land Registry within Registry Operations to remain at current (seasonally adjusted) levels, as well as a continuing positive impact in the Regulatory and Recovery Solutions divisions in Services due to increased due diligence searches and Asset Recovery revenue, respectively. Overall, we believe our performance will remain strong for the balance of the year, being steady in our core products and services, well positioned with certain counter-cyclical businesses and ready to benefit positively from any improvements to market conditions in the future.
With the above factors in mind, we are pleased to reiterate our updated annual guidance provided in August 2023 with revenue for 2023 expected to be between $207.0 million and $212.0 million and adjusted EBITDA1 to be between $71.0 million and $76.0 million. Given the strength of the business to date, we expect revenue to be at the top end of our guidance range and adjusted EBITDA to be towards the lower end of the guidance range, as we continue to invest in people and technology to position ourselves for the growth ahead.
In summary, we are proud of the year-to-date work we have done in 2023 to realize our short-term objectives for the year while pursuing our long-term goals for growth. Although the capital markets are currently challenging, and are presently not recognizing ISC’s extremely strong fundamentals, the Company is stronger than ever, especially with the Extension completed, a robust plan to de-lever in the near term and a management team focused on long-term growth.
1Adjusted EBITDA is not recognized as a measure under IFRS and does not have a standardized meaning prescribed by IFRS and, therefore, may not be comparable to similar measures reported by other companies; refer to section 8.8 “Non-IFRS financial measures”in the MD&A. Refer to section 2 “Consolidated Financial Analysis”in the MD&Afor a reconciliation of historical adjusted EBITDA to net income.
Note to Readers The Board of Directors (“Board”) carries out its responsibility for review of this disclosure primarily through the Audit Committee, which is comprised exclusively of independent directors. The Audit Committee reviews and approves the fiscal year-end Management’s Discussion and Analysis (“MD&A”) and financial statements and recommends both to the Board for approval. The interim financial statements and MD&A are reviewed and approved by the Audit Committee.
This news release provides a general summary of ISC’s results for the quarters ended September 30, 2023, and 2022. Readers are encouraged to download the Company’s complete financial disclosures. Links to ISC’s financial statements and related notes and MD&A for the period are available on our website in the Investor Relations section at company.isc.ca.
Copies can also be obtained SEDAR+ at www.sedarplus.ca by searching Information Services Corporation’s profile or by contacting Information Services Corporation at firstname.lastname@example.org.
All figures are in Canadian dollars unless otherwise noted.
Conference Call and Webcast We will hold an investor conference call on Wednesday, November 8, 2023 at 11:00 a.m. ET to discuss the results. Those joining the call on a listen-only basis are encouraged to join the live audio webcast which will be available on our website at company.isc.ca/investor-relations/events. Participants who wish to ask a question on the live call may do so through the ISC website or by registering through the following live call URL: https://register.vevent.com/register/BI4f3923462cbc454c9aa5458ff6b3a7eb
Once registered, participants will receive the dial-in numbers and their unique PIN number. When dialing in, participants will input their PIN and be placed into the call. The audio file with a replay of the webcast will be available about 24 hours after the event on our website at the link above. We invite media to attend on a listen-only basis.
About ISC Headquartered in Canada, ISC is a leading provider of registry and information management services for public data and records. Throughout our history, we have delivered value to our clients by providing solutions to manage, secure and administer information through our Registry Operations, Services and Technology Solutions segments. ISC is focused on sustaining its core business while pursuing new growth opportunities. The Class A Shares of ISC trade on the Toronto Stock Exchange under the symbol ISV.
Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking information within the meaning of applicable Canadian securities laws including, without limitation, those contained in the “Outlook” section hereof and statements related to the industries in which we operate, growth opportunities and our future financial position and results of operations. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to changes in the condition of the economy, including those arising from public health concerns, reliance on key customers and licences, dependence on key projects and clients, securing new business and fixed-price contracts, identification of viable growth opportunities, implementation of our growth strategy, competition and other risks detailed from time to time in the filings made by the Company including those detailed in ISC’s Annual Information Form for the year ended December 31, 2022 and ISC’s unaudited Condensed Consolidated Interim Financial Statements and Notes and Management’s Discussion and Analysis for the third quarter ended September 30, 2023, copies of which are filed on SEDAR+ at www.sedarplus.ca.
The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities laws, ISC assumes no obligation to update or revise such information to reflect new events or circumstances.
Non-IFRS Performance Measures Included within this news release are certain measures that have not been prepared in accordance with IFRS, such as adjusted net income, adjusted earnings per share, basic, adjusted earnings per share, diluted, EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, free cash flow and adjusted free cash flow. These measures are provided as additional information to complement those IFRS measures by providing further understanding of our financial performance from management’s perspective, to provide investors with supplemental measures of our operating performance and, thus, highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS financial measures.
Management also uses non-IFRS measures to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess our ability to meet future capital expenditure and working capital requirements.
Accordingly, these non-IFRS measures should not be considered in isolation or as a substitute for analysis of our financial information reported under IFRS. Such measures do not have any standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies.
Non-IFRS Performance Measure
Why we use it
How we calculate it
Most comparable IFRS financial measure
Adjusted net income
Adjusted earnings per share, basic
Adjusted earnings per share, diluted
To evaluate performance and profitability while excluding non-operational and share-based volatility.
We believe that certain investors and analysts will use adjusted net income and adjusted earnings per share to evaluate performance while excluding items that management believes do not contribute to our ongoing operations.
Adjusted net income; Net income Add Share-based compensation expense, acquisitions, integration and other costs, effective interest component of interest expense, debt finance costs expensed to professional and consulting, amortization of the intangible asset related to extension of the MSA with the Province of Saskatchewan, amortization of registry enhancements, interest on the vendor concession liability and the tax effect of these adjustments at ISC’s statutory tax rate.
Adjusted earnings per share, basic; Adjusted net income divided by weighted average number of common shares outstanding
Adjusted earnings per share, diluted; Adjusted net income divided by diluted weighted average number of common shares outstanding
Earnings per share, basic
Earnings per share, diluted
To evaluate performance and profitability of segments and subsidiaries as well as the conversion of revenue.
We believe that certain investors and analysts use EBITDA to measure our ability to service debt and meet other performance obligations.
EBITDA: Net income add (remove) Depreciation and amortization, net finance expense, income tax expense EBITDA Margin: EBITDA divided by Total revenue
Adjusted EBITDA Margin
To evaluate performance and profitability of segments and subsidiaries as well as the conversion of revenue while excluding non-operational and share-based volatility.
We believe that certain investors and analysts use Adjusted EBITDA to measure our ability to service debt and meet other performance obligations.
Adjusted EBITDA is also used as a component of determining short-term incentive compensation for employees.
Adjusted EBITDA: EBITDA add (remove) share-based compensation expense, acquisition, integration and other costs, gain/loss on disposal of assets if significant Adjusted EBITDA Margin: Adjusted EBITDA divided by Total revenue
Free Cash Flow
To show cash available for debt repayment and reinvestment into the Company on a levered basis.
We believe that certain investors and analysts use this measure to value a business and its underlying assets.
Free cash flow is also used as a component of determining short-term incentive compensation for employees.
Net cash flow provided by operating activities deduct (add) Net change in non-cash working capital, cash additions to property, plant and equipment, cash additions to intangible assets, interest received and paid as well as interest paid on lease obligations and principal repayments on lease obligations
Net cash flow provided by operating activities
Adjusted Free Cash Flow
To show cash available for debt repayment and reinvestment into the Company on a levered basis from continuing operations while excluding non-operational and share-based volatility.
We believe that certain investors and analysts use this measure to value a business and its underlying assets based on continuing operations while excluding short term non-operational items.
Free Cash Flow deduct (add) Share-based compensation expense, acquisition, integration and other costs and registry enhancement capital expenditures
Net cash flow provided by operating activities
The following presents a reconciliation of adjusted net income to net income, a reconciliation of adjusted EBITDA to EBITDA to net income and a reconciliation of adjusted free cash flow to free cash flow to net cash flow from operating activities:
Reconciliation of Adjusted Net Income to Net Income
Three Months Ended September 30,
(thousands of CAD)
Adjusted net income
Share-based compensation expense
Acquisition, integration and other costs
Effective interest component of interest expense
Interest on vendor concession liability
Amortization of right to operate the Saskatchewan Registries
Tax effect on above adjustments1
1Calculated at ISC’s statutory tax rate of 27.0 per cent.
Reconciliation of Adjusted EBITDA to EBITDA to Net Income
Three Months Ended September 30,
(thousands of CAD)
Share-based compensation expense
Acquisition, integration and other costs
Depreciation and amortization
Net finance expense
Income tax expense
Reconciliation of Adjusted Free Cash Flow to Free Cash Flow to Net Cash Flow Provided by Operating Activities
Three Months Ended September 30,
(thousands of CAD)
Adjusted Free Cash Flow
Share-based compensation expense
Acquisition, integration, and other costs
Registry enhancement capital expenditures
Free cash flow2
Cash additions to property, plant and equipment
Cash additions to intangible assets3
Interest paid on lease obligations
Principal repayment on lease obligations
Net change in non-cash working capital1
Net cash flow provided by operating activities
1Referto Note 16ofISC’s ConsolidatedFinancial Statements forthe three andninemonths endedSeptember30,2023forreconciliation. 2Commencing on January 1, 2023, ISC revised the definition of free cash flow which is a non-IFRS measure to include interest received and paid as well as principal repayments on lease obligations. This is further defined inthe MD&Asection 8.8“Non-IFRSfinancial measures”,and has been reflected in the comparative period. The impact of the change to free cash flow to include interest received and paid, interest paid on lease obligations and principal repayments on lease obligations on the previously stated prior year results was a $1.4million decrease for the three months ended September30, 2022. 3During the third quarter of 2023, ISC entered into the Extension Agreement which resulted in the acquisition of an intangible asset related to the right tomanage andoperate the Saskatchewan Registries.While thismaterial transaction has been excluded from the above free cash flowcalculation,the asset has been presentedin Section 6.2 “Capital expenditures” of the MD&A.
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Tue, 07 Nov 2023 10:38:00 -0600entext/htmlhttps://markets.businessinsider.com/news/stocks/isc-reports-2023-third-quarter-financial-results-1032790115US Service Woman in Cybersecurity Initiative-SWCSi
Mentoring US Service Women in Cybersecurity
Veterans Cybersecurity Group (VCSG) and The International Information System Security Certification Consortium (ISC2) introduces the Service Women in Cybersecurity Initiative (SWCSi) to support and advance the careers of US Service Women in the cybersecurity field
PLANTATION, Fla., Nov. 10, 2023 /PRNewswire/ -- The ISC2 Cybersecurity Workforce Study highlighted a substantial global shortage of cybersecurity professionals, with a projected shortfall of 4 million individuals in 2023. Women constitute only 25% of the global cybersecurity workforce, indicating a vast potential for engaging more women in this field.
SWCSi is strategically designed to encourage U.S. Service Women to consider careers in cybersecurity, thus contributing to bridging this gender gap. This initiative is aligned with ISC2's "One Million Certified in Cybersecurity" global initiative and specifically targets female Active-Duty U.S.-Service Women, offering them guidance and mentorship for a career in cybersecurity. The program leverages the unique skills and attributes that service members acquire during their military service.
SWCSi program participants will receive foundational cybersecurity training and certification from ISC2. VCSG will also enhance this offering with educational and mentorship opportunities throughout their active-duty service. This approach aims to equip participants with the necessary skills and qualifications for a future civilian career in cybersecurity as they transition from military service.
Leading SWCSi is Chief Master Sergeant Denisha Ward Swanigan, a recently retired Air Force cybersecurity leader with a 20-year career. CMSgt Ward's extensive experience within the Air Force spanned critical areas such as cybersecurity operations, compliance, and training, primarily within the Air Force Special Operations Command. Achieving the highest enlisted leadership level at Edwards Air Force Base further underscores her exceptional leadership in this challenging field.
VCSG President Paul Gozaloff stated, "Recruiting for our Cybersecurity SkillBridge Program revealed a staggering lack of female service member participation. When we were fortunate to have CMSgt Ward join us, it became apparent who the role model for SWCSi should be. Denisha's role in the SWCSi program will be pivotal in mentoring, advocating, and empowering US Service Women pursuing cybersecurity careers."
Veterans Cybersecurity Group is a cybersecurity services company that recruits, trains, certifies, mentors, and hires active-duty US Service Members through its DoD SkillBridge-approved Federal Cybersecurity Professional Program.
ISC2 is the leading nonprofit member organization for cybersecurity professionals worldwide.