Hacking is the biggest threat to UK Business

62 per cent of managers report that cyber security threats are an increasingly serious risk to their business, with nearly a third of UK organisations having been affected by viruses or malicious software during the past 12 months.

CMI BCM research infographic

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Comments

Little surprised that cyber security came up top, I would have thought bad management would have been higher.

You can check out the full report here Mike

http://www.slideshare.net/cmi_managers/managing-threats-in-a-dangerous-w...

Whilst there is no mention of bad management per se, the loss of skills ranked as the 4th biggest threat.

On the cyber threats issue, it is not surprising at the number. Busineses unfortunately are still using poor quality, inherently flawed software and operating system.

Businesses are frightened to make the switch to Open Source Software. I accept that change is not straightforward, but losing valuable data to hackers is even more costly and disrupting.

Why Open Source tend not to have viruses? Its not that the software is immune to viruses, but rather because the operating systems are inherently secure and stable, no one can hide anything in the code because anyone can examin the code and check it. Where as in the closed software the programmer can hide anything they like.

Unfortunately falling victim to malware and viruses is becoming the norm and accepted as part of the baggage that comes with a pc.

 

Cyber crime was identified by Government in their recent survey of top threats to UK plc.

But look underneath the snapshots presented and the biggest threat to business is loss of electricity - power failure. Ask the Tokyo Electric Power Company, or Arriva Trains (South Wales trains halted today).

Look at your own business. How could you function without power? No lights, no door opening/closing, no desktops/laptops/servers/printers, no security, no invoicing customers, no receiving orders, nothing at all. Send staff home for health & safety reasons (as they can't work in modern power hungry buildings with little natural light), close up shop, and desperately search for that cheque book, as you can't pay anyone as your online banking is down.

So, maybe time to look at the business continuity plans? Where are they? Ahhhh......on the desktop....which you can't access because of your power failure!!!!

Aren't most security issues caused by humans though Mo?  I didn't think traditional hacking went on a great deal these days.

Did you guys hear about the massive attack on the customer email lists held by Epsilon?  Quite a few million email addresses have been snatched from companies like M&S and McKinsey.  Big cock up by Epsilon.

Interesting to see that the MIT CIO conference is going to focus on hacking and cyber security.

http://sloanreview.mit.edu/improvisations/2011/05/12/mit-sloans-may-18-c...

"Panels include “New Trends in Cyber Security and Privacy Protection”; “Mobility — The Next CIO Innovation Opportunity”; “Collective Intelligence and Social Networks”; “Workforce 2015 — Building the Organization of the Future”; and “The Evolving CIO Role in Cloud and Mobile Computer Environment.” The program (PDF) has all the details."

This is very under-rated I think.  Not that long ago that the Sony network was hacked into.  Google has suffered a hack attack this week at the hands of Chinese hackers.

http://www.thisislondon.co.uk/standard-business/article-23955702-chinese-hackers-hit-google-e-mail-service.do

Suspected Chinese hackers tried to steal the passwords of hundreds ofGoogle email account holders, including those of senior U.S. government officials, Chinese activists and journalists, the Internet company said.

With more and more services migrating to the cloud, the security of third party vendors will be more and more important.  Are they up to the job?

And Sony have been hacked again.

http://www.thisislondon.co.uk/standard-business/article-23956031-hackers-target-sony-again.do

"From a single injection, we accessed EVERYTHING," the hacking group said in a statement. "Why do you put such faith in a company that allows itself to become open to these simple attacks?"

IMF now too.  So that's IMF, Google, Sony, Citygroup and Lockheed Martin in the last three months.

Nice tips here from Hyundai on how to counter risk from cyber attack.

http://online.wsj.com/article/SB1000142405270230393670457639512320289906...

The statistics sound terrible, but what scares me even more is how many people are unaware they are being the victim of an spyware attack. There are many cases when the target doesn't even know what's going on on their computers. They don't even consider their system security simply because they don't think they have data worth being protected, even though they could easily have a free antivirus download. Acting this way is really silly, and most probably they end up regretting being so careless.

Hacking certainly seems to be the biggest risk to the business of News of the World!

Laura Long wrote:

Hacking certainly seems to be the biggest risk to the business of News of the World!

Boom tish.

Interesting article on hacking and cyber security here after a recent attack on Booz Allen, a company that deals with cyber security for the American government.

http://www.economist.com/blogs/schumpeter/2011/07/security-breach-booz-allen-hamilton

And now the Sun website has been hacked.  Oh the irony *snigger*

It does appear that these groups find it all incredibly easy, as they're able to hack into highly appealing targets seemingly very quickly.  I mean Booz Allen must be a tough nut to crack (you'd hope), whereas the Sun must have been done pretty quickly.  These groups seem to be doing it for the notoriety but it does raise the question of how easy it would be for someone to make profitable use of all this.

The Guardian have posted a useful article on how the Suns website was hacked.

http://www.guardian.co.uk/technology/2011/jul/19/how-lulzsec-hacked-sun-website

And it goes on.

http://www.telegraph.co.uk/technology/news/8678492/Hackers-target-72-org...

Biggest series of cyber attacks to date discovered, involving the infiltration of the UN, governments and global companies.

Facebook are at risk too, with an attack planned for the 5th November.

http://www.businessinsider.com/anonymous-facebook-2011-8

It amazes me just how easy it seems to be for these groups to break in.  Surely there must be better security in place?

Research from Norton reveal that cyber crime costs £71 billion a year.

http://www.itpro.co.uk/635980/norton-global-cyber-crime-costs-victims-71-billion

 

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