Deloittes have produced a video to illustrate how you can be hit by cyber attack. In a style reminiscent of the BBC series 'Spooks' in just 300 seconds it shows the principle steps in an attack and the measures that can embedded to protect organizations.
Risk and Responsibility in a Hyperconnected World – Pathways to Global Cyber Resilience examines some of the key threats posed by hyperconnectivity and what should be done about them. Produced in collaboration with Deloitte, the report provides a multistakeholder perspective on ways to deal with increasing cyber attacks and to improve corporate governance.
The UK has joined over 70 companies and government bodies across 15 sectors and 25 countries to demonstrate their leadership and commitment to taking a responsible and collective approach to ensuring secure, resilient digital global networks.
Cybercrime is a growing threat in a world where most individuals and organisations rely upon the Internet and connected technologies, opening themselves up to the risk of attack from global criminals from anywhere in the world. Against a background of rising incidents of data losses and theft, pharming, phishing, computer viruses and hacking, this PWC survey scrutinised the significance and impact of this type of economic crime and the way in which it affects organisations worldwide.
Whilst cybercrime isn’t that new for the FS sector, it is a particularly prevalent issue for FS respondents in comparison to other industry sectors and one that puts its customers, brand and reputation at significant risk. Regulators are increasingly viewing cybercrime as a key area of focus. FS organisations are expected to have appropriate systems and controls in place to fight the growing threat of cybercrime. For example, in the UK the Financial Services Authority (“FSA”) has included “Data Security” within its top economic crime risks for some time.
Sponsored by Check Point Software Technologies this independently developed study by the Ponemon Institute shows that Cyber criminals today are increasingly leveraging malware, bots and other forms of sophisticated threats to attack organizations for various reasons, including financial gain, business disruption or political agendas. In many cases, cybercriminals often target multiple sites and organizations to increase the likelihood of an attack’s initial success and viral spread.
With new variants of malware being generated on a daily basis, many companies struggle to fight these threats separately and the majority of attacks are often left undetected or unreported.
This is the third Cost of Cyber Crime study from the Ponemon Institute, sponsored by HP Enterprise Security. This years study has a distinctly international flavour with nearly 200 organizations across various industry sectors being represented. Cyber attacks generally refer to criminal activity conducted via the Internet.
The attacks featured include stealing an organization’s intellectual property, confiscating online bank accounts, creating and distributing viruses on other computers, posting confidential business information on the Internet and disrupting a country’s critical national infrastructure. Consistent with the previous two studies, the loss or misuse of information is the most significant consequence of a cyber attack. Based on these findings, organizations need to be more vigilant in protecting their most sensitive and confidential information.
This Ponemon Institute study examines the costs incurred by 36 UK companies in 11 different industry sectors after those companies experienced the loss or theft of protected personal data and then had to notify breach victims as required by law. Results were not hypothetical responses; they represent real cost estimates for activities resulting from actual data loss incidents.
The number of breached records per incident this year ranged from approximately 3,500 records to more than 78,000 records.
In this the the fifth annual benchmark study concerning the cost of data breach incidents for UK-based companies and which was supported by Symantec, the average per capita cost of a data breach has increased from £71 to £79.
￼Price Waterhouse Cooper’s (PWC) 2011 report into security breaches noted that 93% of large organisations and 76% of small business have had a security breach in 2011, this is up from 35% of companies overall in 2008.* PWC advised in their report that the average cost to a small business is £15,000 – £20,000 and between £110,000 – £250,000 for a large organisation.
In this White Paper the Oval Group shares its view on the cybercrime challenges facing organizations and how an integrated approach to security management can lever significant insurance protection.