Cyber security testing goes automated
Outrunning the Bear
Unify Issue 5
It won’t happen to us. If ever there’s a text-book example of giving a hostage to fortune, then these five fateful words are it. Fact is, if it hasn’t already happened, every company will suffer a cyber attack, and probably sooner rather than later.
It’s not good for a business to have to admit that it got caught with its IT pants down.
Even though they have been targeted, some companies are able to avoid breaches becoming common knowledge.
However, when consumers are affected, disclosure of a breach is often unavoidable, as attacks on TalkTalk, the NHS, Maersk, Ticketmaster, Equifax and now British Airways show.
A successful attack can bring down even the most robust of companies.
The financial cost of disinfecting systems and plugging the security holes exposed by a breach can be significant, but they are likely to pale into relative insignificance against the fines levied under the newly-in-force General Data Protection Regulation (GDPR) if a breach is proven to have been the result of inadequate defences and policies. Add to that the damage to customer confidence and the resultant loss of revenues, and a successful attack can create a perfect storm that brings down even the most robust and long-established of companies.
Cyber crime cost UK business £21 billion in 2017