Cyber Security has become a requirement

Not only to protect commerce financially, but also legally...

you are a target

everyone is a victim

demand is growing

it can not be met

figures show

astonishing trends

Right now businesses are being pressured more and more to invest in additional security services in the attempt to keep up with evolving dangers. The consequences of not being prepared are/will be catastrophic for companies and their customers. In the process of deciding how to establish and operate a business, many business owners of varying power and influence hardly take into consideration the guaranteed attack on their information technology investments. If leadership does not lead by example, department managers will be uneasy about delegating to subordinates the required implementation of common sense computing safeguards.

this is JUST THE BEGINNING

the world and almost all technology is connected

With so many people on the planet having access to technology. With so many governments and markets being co-dependent on each other; the negative consequences of computer systems having control over civilization is endangering not only personal identities or payment transactions, but also national infrastructure safety and environmental integrity.

A Human Rights concern

cyber criminals and spies preying on the innocent

Illegal actions against individuals and companies are not only carried out by criminal cells, but also state-sponsored agencies and their non-governmental contracted propagators. Legitimate business operations are being affected by such revelations; this means profits will continue to be hampered if economic activity isn't left alone by the misuse of information technology systems.

Recent Posts

August 11

Venezuela Attack Takes Down Mobile Phones

A massive cyberattack that took down government websites in Venezuela earlier this week also has left seven million mobile phone users without service, the government has said. Read More...

August 10

Malware Encoded on Human DNA, Literally

Researchers from the University of Washington have shown for the first time that it's possible to encode malicious software into physical strands of DNA to infect gene sequencer analyzer computer systems. Read More...

August 9

Factories Under Increased Cyber Attack

Today's just-in-time manufacturing sector is climbing toward the top of hackers' hit lists. Production lines that integrate computer-imaging, barcode scanners and measuring tolerances at multiple points are more vulnerable now. Read More...

August 8

Game of Thrones Cast Has Info. Leaked Online

Hackers of HBO have released personal phone numbers of actors, emails and scripts in the latest dump of data stolen from the company, and are demanding a multimillion-dollar ransom to prevent further data dumps. Read More...

August 7

U.K. to Fine Enterprise Millions for Breaches

Through its newly-proposed Data Protection Bill, the U,K, government could fine tech companies that mishandle customer data. A company could be forced to pay £17 million, or 4% of global turnover, whichever amount is higher. Read More...

Spotlight

Lloyd's & Cyence Emerging Risk Report 2017


Cyber risk is a growing global threat. While digitization is revolutionizing business models and transforming daily lives, it is also making the global economy more vulnerable to cyber-attacks.

Organizations are increasingly aware of the reality of cyber risk in the 21st century and the World Economic Forum put cyber-attacks as the 12th largest risk to doing business in 2017 - ahead of natural catastrophes, which ranked 20th (World Economic Forum, 2017). Despite being a consistent top-three risk in many prominent risk surveys for potential buyers, cyber insurance has relatively low penetration rates, especially among SME and middle-market customers, as well as in several industry verticals. According to a report by Deloitte (Friedman and Thomas, 2017), buyers lack understanding of cyber risk about what is and isn't covered under existing insurance policies. There is also a general lack of standardization around cyber insurance offerings in the marketplace, which makes it hard for risk managers to choose which product to buy. Brokers and insurance companies must do more to address these educational gaps to drive further growth of this important business line.

By: Trevor Maynard PhD, MSc, FIA