Trend Micro is dedicated to securing the connected world, and all of our customers across the globe. To help us in this task, we have a team of over 1,200 dedicated white hat researchers working round the clock to anticipate and investigate the latest emerging cyber-threats. Many of the groups responsible for these are criminal gangs. But increasingly they may also be state-backed hackers. Now this may sound like a far cry from the day-to-day mundanity of the average UK enterprise. But that’s not necessarily the case.
Sophisticated Advanced Persistent Threat (APT) groups don’t always target big-name brands or military and critical infrastructure sectors. As our latest research into the infamous Pawn Storm group highlights, they’re even going after private schools, kindergartens and doctors.
One of the things you’ll hear some CISOs grumble about from time to time is how tricky it can be sometimes persuading the business to release more funds. The skill of the good security chief, of course, is in translating highly technical concepts into a language the board will understand. But even so, it can be a tough sell when the end result of thousands of pounds of investment is … precisely nothing. With cyber security you’re effectively buying insurance against a damaging breach.
So it was interesting last week to see Sony declare that it spent a whopping $15 million on investigation and remediation after major cyber attack last year. It gives just a small insight into the potential financial impact of failing to adequately ‘insure’ your organisation against attack. Continue reading →