Universities & Science Minister, Right Hon David Willetts MP, stressed action on Cyber Risk during his announcement of the governments latest initiative, Cyber Essentials, to address the rising threat of business disruption or loss from lax management of cyber risk.
Company IT security experts are failing to defend their organisations against Advanced Evasion Techniques (AET's) according to research by Vanson Bourne across 800 CIOs in the US and Europe.
AET's are commonly used by hackers and criminal gangs to circumvent and penetrate even the most secure networks.
BIS is asking for feedback on the first draft of its Cyber Hygiene Profile developed by intended to identify the basic cyber controls that business really should have in place.
SUBMISSIONS NOW CLOSED
Version 1.0 of the 'profile' is now out for review through the BSI’s Draft Review System and the consultation will close on 16th March, 2014.
As part of the development, future planning and engagement on Information Security and Cyber Risk NIST has produced a Roadmap’ to the Framework for Improving Critical Infrastructure Cybersecurity. This Framework discusses the next steps and identifies key areas of development, alignment, and collaboration.
IRM calls for more integration of Cyber Risk Management into Business Planning
The Institute of Risk Management have published guidance on Cyber Risk Management to provide more information and discuses the implications and action needed across the profession. It is complemented by a resource manual that goes into more detail and offers various tools for practitioners.
Helping the Board and the Business understand Cyber Risk
Each month seems to bring us a new report showing that business needs to be doing more on the threats to their IT and daily there are media reports of companies systems being breached by hackers, of data being lost and increasingly sophisticated criminal activity.
Implications for enterprises
As part of its contribution to the World Economic Forum, McKinsey & Co have produced a new report on how organisations can gain full value from technology in a hyper-connected world.
'Risk & responsibility in a hyperconnected world' is based on interviews with over 200 enterprises, technology vendors and public agencies under taken over the past year.
Companies in this year’s Poneman Institute 2013 Cost of Data Breach study shows UK companies reported that their data breaches were larger in scale and resulted in a higher rate of churn. Losses continued their rise this year by nearly 10%.
In the report Locked Down, a Legal Week Benchmark survey, it says there has been a change in 'atmosphere' around Cyber over the past 18 months, but I really do wonder if this will actually translate into action ... this time.