WHY CYBERSECURITY MATTERS
The Internet, email, data storage and social media has transformed the world we all live in, making it easier to communicate and do business with each other. Borders and distances are no longer barriers to communication with increasing internet speeds and a near proliferation of wifi in the developed world.
The consequences of all of this means that anything connected to the internet can be compromised and the risk of attack is all around. Once the preserve of sophisticated and technologically advanced crime gangs, the proliferation of technology has perversely made it easier for cybercrime to take place, not harder.
The figures are stark – globally there are over 10,000 cyber security attacks every hour and experts estimate the value of the cybercrime economy to be over a trillion dollars per year.
The threat from cyber-crime continues to increase for businesses, organisations and individuals and despite the huge advances in cybersecurity, the challenge remains.
“Cybercrime remains a growth industry. The Crime-as-a-Service (CaaS) business model, which grants easy access to criminal products and services, enables a broad base of unskilled, entry-level cybercriminals to launch attacks of a scale and scope disproportionate to their technical capabilities and asymmetric in terms of risk, costs and profits.”
EUROPOL 2015 Internet Organised Crime Threat Assessment (IOCTA)
“The threat online is huge. It is now the number one security concern, alongside terrorism…It’s become a global problem and we urgently need global instruments to deal with it.”
Rob Wainwright Director of EUROPOL speaking in April 2015
“As long as I’m president, protecting America’s digital infrastructure is going to remain a top national-security priority.”
US President Barack Obama speaking in January 2016 www.whitehouse.gov
“Cybercrime is a growing threat; it’s a very fast-growing phenomenon.”
Assistant Garda Commissioner Derek Byrne speaking in March 2015 www.garda.ie
“Cybersecurity is not just a technology issue; it’s a business risk that requires an enterprise-wide response….Effective information security transformation requires leadership, commitment and the capacity to act.”
Ernst & Young – Global Information Security Survey http://www.ey.com/Publication/vwLUAssets/ey-global-information-security-survey-2015/$FILE/ey-global-information-security-survey-2015.pdf
A company’s greatest asset – its employees – can also be its weakest link, especially in an era wherein mobility and accessibility play a huge role in enhancing productivity. – Trend Micro
“As threats continue to mount, understanding and managing cybersecurity risks have become top of mind for leaders in business and government. Organisations are responding by taking action. Increasingly, they are adopting innovative technologies like cloud-enabled cybersecurity, Big Data analytics and advanced authentication to reduce cyber-risks and improve cybersecurity programmes.”
PWC – The Global State of Information Security® Survey 2016 https://www.pwc.com/gx/en/issues/cyber-security/information-security-survey.html
“Getting cyber security right requires new thinking. But certain principles remain true in cyberspace as they are true about security in the physical world. Citizens need to follow basic rules of keeping themselves safe – installing security software, downloading software updates, using strong passwords. Companies need to protect their own networks, and harden themselves against cyber attack.
The Rt Hon George Osborne MP UK Chancellor of the Exchequer speaking to UK Government Communications Headquarters (GCHQ) November 2015