When it comes to cyber security, we're all well aware of the scary statistics, the headline-grabbing names, and million-pound losses.
As Royce Curtin, Managing Director of Global Intelligence, Barclays, points out to the audience of the IoD's Digital Summit, both the biggest cyber heist (81 million Euros) and the biggest data breach (1-billion users) in history, both happened last year. "These are 'firsts' but they will continue to happen. The threat is global, dynamic and ever changing."
But what are businesses actually doing about it? Last month's Digital Strategy Summit welcomed Oliver Gower, Deputy Director and Head of UK's National Cyber Crime Unit; Gary Peace, founder and MD of ESID; Sandy Forest, Client Executive for Cyber Security at ATOS; and Anne Duncan, Executive Committee & Chair of the Digital and Technology Leadership Initiative, to join Royce in a panel discussion on the threat of cybercrime to businesses of all sizes.
There's no amount of money that can buy 100% security, and so the panel discuss how best to detect and stop threats, through talent hiring and end-to-end security, along with the training of staff, and building cyber security awareness into the DNA of your business.
The biggest threat to business, according to Royce, is “the loss of trust in your ability to deliver world-class services”. Watch the full footage of this panel from IoD's Digital Strategy Summit, above.
Cyber security for business
The IoD have created a Cyber Hub as a resource for all things digital security. Whether you need to learn the basics with a glossary of cyber-terminology, step-by-step instructions on improving your online protection, or to simply stay involved in the latest conversations, you can find the help you need here to safeguard your business and employees.
Visit our cyber security for business hub
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IoD members can find more in-depth information and resources about cyber security in our factsheet