According to a recent report by banking sector association BBA and professional services network PwC, British financial companies spent £700m on cyber security last year. However the financial sector’s current biggest security risk is from lack of employee training and awareness – not from the investment into technology. Your Better Business put forward a few questions to Professor Richard Benham […]
“CyberSecurity”, “CyberCrime”, “CyberWar”, Google it, go on Google it and scare yourself. With high profile hacks on Sony, eBay and Apple there doesn’t seem to be a day that goes by without the national and international press claiming that the cyberworld is about to come crashing down around our knees leaving nothing in cyberspace other than a few faded videos on YouTube of cats playing piano.
Rarely, if ever, do we hear about the detail of the potential threats, the so called ‘threat vectors’ and where they are coming from. If you, as a business owner knew that, then you could start to formulate a plan on how to mitigate these threats.
In the first part of this 2 part article we can look at the outside threats, these are the ones that are coning into your business from the outside world, locally, nationally or in many cases internationally.
Prof Richard Benham from Coventry University says cybersecurity checks are needed in banking to avoid online security threats As the UK and US announce increased cooperation on cybersecurity 1, particularly around the banking sector, an expert from Coventry University has warned that financial firms need to focus more on the human element of cybersecurity, rather than just the technical safeguards. […]
The financial institutions of the City of London and Wall Street are to take part in a series of “war game” exercises aimed at testing their resilience to cyber attack. The announcement comes as prime minister David Cameron travelled to the White House to discuss with president Barack Obama closer UK-US intelligence and cybersecurity cooperation. Recent months have seen criminal […]