The Truth about Threats, Vulnerabilities and the Resolution of Cyber Security

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The Truth about Threats, Vulnerabilities and the Resolution of Cyber Security

”If you think your organisation is not going to be hacked, you will be hacked! The best education you can get is getting your companies hacked once and then you will realise, budgets that were previously not available will become available and time was not there will be found” EC Council President Jay Bevis…

The truth of the matter is simple. We are in denial. We use the term ‘We will deal with the situation, when it happens’ Is that adequate? Cyber criminals are out there attempting to steal your information, commit fraud, disrupt, degrade and deny access to information systems, these cyber intruders are dangerous and manipulative and they are out there, causing financial, operation and reputation damage right now, without you even knowing.

If someone said to you in 2014 hackers were able to steal 45 million dollars in 2 days… What would you say?… Impossible? Nothing is impossible, we were taken by surprise when on December 12, 2012, and February 19, 2013, an international team of hackers and thieves stole a total of $45 million from more than 5,000 ATM’s across the world. Eight suspects were charged in connection with the crimes on May 9… how was this done? Were masks involved? Weapons? No. A few keyboards and an Internet connection.

IT Security is vital! The World’s largest vendor Neutral cyber security education provider, the EC Council, focus exclusively on the threat of cyber attack against organisations. The president of the Council states ‘”A country deals with cyber threats by dealing with offensive capabilities by creating cyber armies – the entire concept of having a cyber-command will become a clear interface in the war systems of governments.”. The Solution? Be prepared and step up your education initiatives.

Cyber threats are one of the primary threats to the banking industry in 2016, and let’s face it… we are living in the 21ST Century, technology is everywhere, with the big tech companies such as Facebook, Microsoft, Apple, the New York Times, NBC and its affiliate websites already falling victim to cyber-attacks in the past few years.

Our solution? Enhanced security screening coupled with education and regular security assurance activities should prove to be good baseline measures to any security programme.

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