Fred Langford of Internet Watch Foundation Discusses Cyber Crime at IoD Cambridgeshire 8:59 Breakfast
IoD Cambridgeshire’s Connect 8:59 Breakfast this month was once again an informative and insightful morning thanks to guest speaker Fred Langford, Deputy CEO of Internet Watch Foundation, who spoke about employees’ use of company equipment for criminal activity.
The event was held at our new IoD East of England hub, the Bradfield Centre in the Cambridge Science Park and this month’s topic was Cyber Crime and Data Security, as voted on by last month's attendees.
Fred Langford is a Chartered Director, Certified Information Security Systems Professional (CISSP), Deputy CEO of Internet Watch Foundation (IWF), President of INHOPE and Chair of the UK Council for Internet Safety (UKCIS).
During the event he spoke about the potential employee damage caused by members of staff using work equipment to view and share criminal content such as bullying, harassment, terrorism or misogynism, and encouraged business leaders to be more vigilant and report all cases if they occur.
He also discussed the different types of Cyber attacks that are common in the UK and those which are becoming increasing threats to businesses.Those mentioned included the proliferation of cryptojacking, ransomware, fake news, fraud, data breaches, spear phishing and the exploitation of poorly managed networks using OS patches and scanners.
Although the types of Cyber attacks are so varied, Fred pointed out that the one thing these attacks have in common is that they are all facilitated by people, whose motivation is usually financial or political, usually resulting in massive costs for businesses who are victims of such crimes.
With the growing number of Cyber threats for 2019, business leaders need be aware that an attack is inevitable and that any company could be targeted, with reported cyber crime ranging from attacks against cloud- based services and E- Commerce, to Infrastructure and supply networks in both large and small companies.
Recent data reports show that £650 million has been spent by the UK financial industry to combat fraud, while at the same time 1 in 500 employees are being reported using employee equipment to view harmful content.This demonstrates how both social engineering and employee damage should be treated with the same level of concern.
With this in mind, Fred stresses that business leaders need to put all measures in place in order to protect themselves and their company, for example, by organising regular staff training, carrying out practical checks, ensuring that their business is GDPR compliant and meeting the appropriate Information Security Standards.
However, we need to remember that not all Cyber Crime is performed digitally straight away. Any business is also at risk of an actual physical intrusion. For example, it could be as simple as someone tail-gating you through an open door into your office building and pretending to be someone they are not in order to access important data or steal company equipment for criminal use.
It may seem obvious, but so many people fall for the same tricks. That is why security measures such as locking doors, using access cards and CCTV are just as important in protecting your company’s precious data, balance sheet and ensuring internally that none of your employees are doing something they should not be doing.
Following Fred’s talk, business leaders were given the opportunity to discuss these issues in further detail during a Q&A session in which they shared insights, concerns and advice with others.
Complimentary tea and coffee was provided as usual and the event was brought to an end in time for attendees to be out of the door (closing it behind them!) by 08:59 so that they could go about the rest of their day without disruption.
IoD Cambridgeshire holds their ‘8.59’ breakfasts on the third Thursday of every month at the Bradfield Centre and welcomes all IoD members and non- members to attend free of charge.
The breakfasts are a fantastic opportunity for business leaders to meet, connect and discuss topical business issues over coffee while learning from others who are experts in their fields of industry.
More event information can be found via our IoD East of England events page.
For more information about Cyber Security, please visit our IoD Cyber Security hub.
The Internet Watch Foundation (IWF) is an international hotline for reporting and removing online criminal child sexual abuse images and videos. Their vision is the global elimination of child sexual abuse imagery online and they offer a place to securely and anonymously report this content.
INHOPE is a network of Hotlines across the globe with 46 members in 41 countries and over 30 virtual reporting portals. They work with all relevant stakeholders to achieve the same vision: an internet that is free of child sexual abuse and exploitation.
Sites for reporting harmful content or employee damage:
CSAM - www.iwf.org.uk or www.inhope.org
Harmful - https://reportharmfulcontent.online/
Terrorism - https://www.gov.uk/report-terrorism
Fraud - https://www.actionfraud.police.uk/reporting-fraud-and-cyber-crime
Data breach - https://ico.org.uk/for-organisations/report-a-breach/
If you wish to contact Fred Langford, his contact details are the following:
www.iwf.org.uk |email@example.com | 01223 20 30 30