Cybersecurity is now a persistent business risk It is no longer an issue that concerns only information technology and security professionals; the impact has extended to the C-suite and boardroom. Awareness and concern about security incidents and threats also has become top of mind among consumers as well. In short, few risk issues are as all-encompassing as cybersecurity.
http://idrgrp-energyhill.netdna-ssl.com/wp-content/uploads/2016/03/2015-key-finding.jpg 723 885 Mark Maiville https://www.idrgrp.com/wp-content/uploads/2016/03/IDR-logo-2.png Mark Maiville2014-09-15 15:38:112017-03-21 19:12:432015 Key Findings from The Global State of Information Security® Survey
Awareness and concern about security incidents and threats also has become top of mind among consumers as well. In short, few risk issues are as all-encompassing as cybersecurity.
Media reports of security incidents have become as commonplace as the weather forecast, and over the past 12 months virtually every industry sector across the globe has been hit by some type of cyber threat. Following are but a few: As incidents proliferate, governments are becoming more proactive in helping organizations fight cyber crime. The US Federal Bureau of Investigation (FBI), for example, disclosed that it notified 3,000 companies—including banks, retailers, and defense contractors— that they had been victims of cybersecurity breaches in 2013. Subsequently, the US Department of Justice (DOJ) charged five Chinese military hackers with conducting cyber economic espionage against American companies in the nuclear power, metals, and solar energy sectors.
This marked the first time that the US has charged state officials with economic espionage using external cyber attacks under section 1831 of the Economic Espionage Act.
Assaults on major retailers reached epic levels in the past year, resulting in the theft of hundreds of millions of customer payment card records, a rash of litigation, and a rush to adopt a new payment card standard in the US. In the UK, payroll information and bank account numbers of 100,000 employees of a supermarket chain were stolen by a company insider and published online.
It’s a trend that will likely continue, according to Sean Joyce, PwC principal and former deputy director of the FBI. “I think we will see the DOJ and FBI continue to pursue an aggressive strategy against nation-state actors that cause significant economic damage to the US economy,” says Joyce.