Building Business Cyber Resilience in an Era of Cyber Breaches

CISO cybersecurity   

We are operating in an era of expansive cyber-security breaches within both government and non-government organisations. As such, we must continue to build business resilience in the face of constant attacks. Failure to stay ahead of the curve will lead to major losses in the business environment and significant security risks for the country at large.

Having worked with government security agencies and the local business community, we’ve seen first-hand what happens when you don’t have a resilient security system. And we’ve seen the advances and business growth that are possible when you do. That’s why we are strong advocates for improving business resilience to counter the threats we face daily.

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3 Tips to Improve Cloud Security and Data Integrity

cybersecurity cloud   

The shift from on-premises operations to cloud-based alternatives come with strategic benefits and inherent risks. Chief amongst these risks is data breach. Therefore, maintaining data integrity becomes paramount in our digital environment; cloud security a CISO nightmare or saving grace.

As the manager or owner of a company, you can expect a cyber security incident to cost your business at least £1,410 per event. This amount increases the larger your company is. Plus, we know that time is money, and you can lose a lot of it to cyber incidents. Large businesses can lose 3.4 productive days – at a minimum – from an attack (source: Statica).

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The Impact of Corona Virus on Cyber Security

cybersecurity covid19   

The COVID-19 (Coronavirus) pandemic is spreading globally at an alarming rate, and along with disruption in global health, it is also causing damages to social, economic and political systems all over the world. Nearly the entire world workforce is now working remotely from homes, causing them to heavily rely on digital tools and remote means of communication. This has allowed cyber criminals to capitalize the situation and actively exploit the COVID-19 crisis. According to the Global Cyber Security Market Analysis report released in April 2020, the global cyber security market is forecasted to grow at a very slow average rate of 6.2% per annum up to the year 2023 – as a consequence of economic downfall due to the 2020 coronavirus pandemic.

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Using Organisational Culture to Improve Cyber Security

cybersecurity culture CISO   

We consistently recommend that you build a resilient business where cyber-security a priority. But what does organisational culture have to do with improving cyber-security? As most managers and CISOs know, one of the least static areas of business is cyber security. That’s because more than half of the fraud in the UK is conducted online. Therefore, in light of mounting attacks, it’s important to increase awareness at the company level. Plus, to ensure your cybersecurity policies are effective, you must get buy-in and action from all levels of staff. When you do, you can use organisational culture to improve cyber security.

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The State of Cyber Crime in the UK

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Cyber-crime in the UK is on the rise. And the readiness of most firms to meet these challenges leave much to be desired for many local and regional businesses. In the UK alone, the Cabinet Office has estimated the cost of cyber-crimes on the economy at £27bn. At least an estimated £9.2bn of that is related to just the theft of IP from UK businesses. Companies bear the brunt of these financial losses. And unless our firms take firm security measures, we will continue to see a rise in breaches, hacks, espionage, and thefts from cyber-crime.

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