17 Cyber security
Promoting equity, diversity and inclusion in standards and standards development
The main
cyber security threat comes from ‘phishing’ emails
and retrieve information securely; it’s also about people and processes. The major threat to information security is from ‘phishing’ – the government’s cyber security breaches survey for 2023 shows 79% of data breaches of all types of businesses are from phishing, where employees receive fraudulent emails or are directed to fraudulent websites and are tricked into clicking on a link that downloads malware onto their system. “Systems need to be in place that make sure staff are trained and aware of the dangers, so they don’t click on attachments in suspect emails and are also wary of suspicious phone calls,” says Tim.
Over the last decade, the issue of cyber security has moved from being solely the domain of the IT department to becoming something regularly discussed at board level, such is its importance to the running of a successful organization. However, with businesses having so many other challenges to deal with right now, there is a danger that senior management will become less focused
on addressing the threats to their information security. “Boards have so many difficult issues to deal with, including inflation, recovering from the Covid-19 pandemic and trying to put net zero plans in place,” said Tim McGarr, BSI’s AI Development Lead. “There is a danger that, with so much else on their plates, senior managers will lose their focus on cyber security.
“In this situation it becomes more important than ever that organizations have systems and processes in place. The ISO/IEC 27000 family of standards on information security provide the guidance to help them do that, especially ISO/IEC 27001 Information Security Management and ISO/IEC 27002 Information Security Controls.” It’s not just about organizations having the technology in place to store
Another unwelcome development is the rise of ransomware, which is a real growth industry for cyber criminals. Because of the rise of ransomware, premiums for cyber-attack insurance have increased massively, and the global cyber insurance market is likely to grow from US$12bn worth of annual premiums today to US$60bn over the next five to 10 years, according to Lloyds. “With cyber-attack insurance so
expensive it could be beyond the means of some businesses, which makes it even more vital for them to
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