Cyber-security and cyber risk are no longer on the periphery and are (or should be) occupying the minds of every company director & senior manager as attacks increase in number and sophistication and the potential damage, when internal processes are not properly followed, can be catastrophic.
Why is cyber risk such an issue?
Cyber risk is a big issue and it is getting bigger all the time because accelerating technology innovation means the number of digital applications and services we use, either as individuals or organisations, is increasing rapidly. Moreover these applications and services are now (almost without exception) connected to a network. That means the barriers to entry for those that would do us harm – whether they are criminals, terrorists, activists, nation states or otherwise – have come down dramatically. A digital world means it is now possible to potentially rob a bank from the other side of the world and undertake all manner of illegal activities without detection.
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