We’ve been talking about the importance of elevating cybersecurity to the boardroom for decades. And despite the growing number of errant companies out there suffering high profile data breaches over the years, there are many CEOs who still don’t get it. That’s why we were interested to read a new piece of research linking serious cyber incidents for the first time to share price performance.
It revealed that severe breaches on average cost public companies 1.8% of their value, running into £120 million for a typical FTSE100 firm. That should be enough to make any board sit up and take notice, and begin plans to implement effective layered security to mitigate cyber risk.
The threat landscape can move pretty fast – often outpacing the ability of security professionals to keep up. The black hats always have the advantage of surprise. They’re more agile, and increasingly well resourced thanks to a darknet stocked with all the tools and techniques they need to launch attacks. Given the size of the challenge, one of the best chances we have of mounting an effective response is by sharing information. That can work well between organisations. But it can also be done very effectively between experts on the vendor side and security professionals.
That’s why we’re delighted that our VP Security Research Rik Ferguson will be on hand at Cloud Expo Europe in London later this month to share his wisdom on two of the biggest threats facing firms this year: ransomware and Business Process Compromise (BPC). Continue reading →