The increase in ever-more complex data breaches and ransomware attacks is seeing the CISO bring the subject of the cybersecurity to the boardroom. It’s a proactive stance to provide adequate defences, rather a reactive move to counter a detected breach.

However, this all comes at a cost, and with The Economist suggesting that a global recession in 2023 is inevitable, justifying any big investments is going to be even harder.

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We constantly see cybersecurity (and lack of) in the news, so it got me thinking about my favourite 10 films about cybersecurity, which was also inspired by this article. This list is by no means exhaustive and is purely based on my own personal opinions as a 20 year veteran in the tech industry and almost twice as long as a computer geek.

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Data extortion is not a new tactic for threat actors. Big Game Hunting (BGH) is where actors steal and leak data to force ransom payments.  However, if this threat does not work and the victim does not pay this can result in an additional threat of releasing the data to someone else, usually a competitor – double ransomware extortion.

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Those of you that are frequent readers of our blogs will know that we often talk about what a prime target financial services are for cyber crime.  According to Forbes, cyberattacks cost financial institutions more to address than in any other industries.

In this blog we are going to look at why financial services need micro-segmentation.

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Retail is a sector that was quick to react to the pandemic; launching online stores if the retailer did not already have one, or expanding what they were offering online if they already had a store.  This included the addition of features such as curbside pick-up.  It is estimated the pandemic accelerated the shift to online retail by 5 years.

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Software as a Service (SaaS) continues to grow at a rapid pace as businesses look to take advantage of the flexibility and economy offered by the cloud. According to Gartner’s forecast of Worldwide Public Cloud Revenue, spending on cloud application services is projected to increase to more than $151 billion by 2022.

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We highlighted in a recent blog that a Hiscox report had discovered that the energy sector is the industry most at risk from cybercriminals.  In this blog we look at why energy and utility companies are the number one target and what those in the sector can do to protect themselves.

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Cyber Crime on the Rise

It will come as no surprise to learn that cybercrime is on the rise.  And although a recent report from Hiscox1, compiled in collaboration with research firm Forrester, suggests that we are becoming better equipped to deal with the attacks, the losses associated with the attacks are still rising. 

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