4th Infocom Security Speakers
Topics to be Discussed
The fact is that cyberattacks can be extremely expensive for organizations to endure. It is not just the financial damage; a data breach can also inflict untold reputational damage, being that customers may lose trust in the business.
The rising cost of breaches
Introduction of regulations such as the GDPR means that organizations need to take security more seriously than ever, or face heavy fines. Among the requirements of the GDPR, is the need to implement appropriate technical and organizational measures to protect personal data, regularly review controls, plus detect, investigate and report breaches.
If not managed properly, each device which is part of the Internet of Things, could provide cyber criminals with a way into a business. Cisco estimates there will be 27.1 billion connected devices globally by 2021 – so this problem will only worsen with time. With the introduction of more IoT devices, a whole new era of security threats is coming.
A proliferation of IoT devices
Almost every business has a website and externally exposed systems that could provide criminals with entry points into internal networks. Hackers have a lot to gain from successful data breaches, and there are countless examples of well-funded and coordinated cyber-attacks against some of the largest companies in the world. Businesses need to assume that they will be breached at some point and implement controls that help them to detect and respond to malicious activity before it causes damage and disruption.
Increasingly sophisticated hackers
While well-funded and highly skilled hackers pose a significant risk to your business, the wide availability of hacking tools and programs on the internet also means there is also a growing threat from less skilled individuals. The commercialization of cybercrime has made it easy for anyone to obtain the resources they need to launch damaging attacks, such as ransomware and “cryptomining”.