1000 cyber attacks happen every minute, according to a high level delegation from Europol, NATO, Israel, the EU and US late last year.
If this was a physical crime, as a business continuity manager you’d be all over it, but how many of us leave this aspect of corporate vulnerability to the IT people simply because we don’t understand it?
“This world is defined by a new language which is largely unintelligible to our boards,” says Paul MacGregor, Director of the UK’s Finmeccanica. “In the UK alone it’s been estimated that we’re losing £27bn a year from cybercrime.”
This four minute video shares the highlights of the conversation:
Caterina Alexon comments on a Security and Defence Agenda report by noting, “More than half the respondents believe a cyber arms race is already going on and 36% are of the opinion that cybersecurity is more important than missile defence. Nearly half said that it’s as important as border security.”
So, how involved are business continuity managers with our colleagues that deal with cyber vulnerability issues? Our guess is that it will be fewer than are involved with our physical security managers, and we’re looking forward to seeing that change.
If you’ve had to change or encourage others to do so, in order to deal with these cyber vulnerabilities we’d like to hear about your experience. Why not share in the comment field below?
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