The potential for cyber attacks will always rank as one of the top concerns for professionals. Over the decades, cyber attacks have gone from a headache for the IT department to something that can bring down an organization.
While it's now a bit trite to say it's not a case of if a business is attacked but when, with groups like LAPSUS$, LockBit, and Cl0p regularly targeting companies of all sizes the odds are increasingly in the criminals' favor.
In this episode Jane is joined by Charles Henderson, Global Head of IBM X-Force, to discuss the threats that the UK and other countries face, and how they can be tackled.
Highlights
“Think of threat actors as any other business. They're looking to adhere to sound business fundamentals and diversify what they're doing so that if one thing falls out of favor or fails, they have something to fall back on. “
“You have a thriving financial and manufacturing sector in the UK. And that's important because manufacturing was the number one attacked industry globally, and finance was number two.”
“If the world stood up today and stop paying, criminals would find it another way to monetize breaches. It's a good industry for them, it's profitable for them. What really needs to happen here is, we need to disrupt their market, to tip the balances of their business.”
Footnotes
- The rise of double extortion ransomware
- Ransomware: Why do businesses still pay up?
- What is ransomware?
- IBM Security X-Force Threat Intelligence Index 2023
- Cyber attacks on UK organisations surged 77% in 2022, new research finds
- What is phishing?
- Five giveaways that show an email is a phishing attack
- Standardized information sharing framework 'essential' for improving cyber security
- ‘Borderline irresponsible’ attitude to third party risks must change, says expert
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