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EDITOR’S VIEW
Cyber security governance is now part of your organisation’s corporate social responsibility; failure to fi x it is like colluding with the criminals.
RUN THE PHRASE ‘CYBER CRIME’ PAST MANY EUROPEAN EXECS, AND
they’ll likely assume that you’re referring to digital felonies like hacking, malware and denial-of-service attacks. Other types of illegal Internet-based activity, meanwhile, have tended to be classifi ed under the heading of ‘online criminal activity’. They include drug traffi cking, the laundering of cryptocurrencies, and e-payment fraud. Such crimes are less likely to get headline media coverage than big brand data hacks, but their damage to our economic and societal stability should not be underrated. Several subcategories of crime are labeled electronic payment fraud – most acutely for senior executives being Business Email Compromise and Email Account Compromise. These are cleverly orchestrated scams. Both involve teams who compromise legitimate business email accounts through social engineering or computer intrusion techniques to cause unauthorised transfers of company funds.
As European businesses rely more on global commerce, BEC/EAC risks grow commensurately. GDPR further revealed the threats scale that European organisations face from cyber crime. Good cyber security governance increasingly means testing and fi xing in situ infrastructure as it does
Leaving any organisation’s security vulnerable is tantamount to aiding and abetting the bad people.
ensuring security investments keep up with new threats. Organisations that build and maintain their own security IT must gain awareness of their growing responsibilities. A failure to confi gure their IT infrastructure
eff ectively against attack exposes them to the suggestion that to leave their systems vulnerable is tantamount to aiding and abetting the bad people.
James Hayes REACH OUT FEEDBACK TO CYBER SECURITY EUROPE
Cyber Security Europe is committed to engagement with its readership: if you have feedback on this issue, I would be very pleased to receive it – see right.
CONTACT DETAILS Contact the editorial team via the Managing Editor: |
james.hayes@cseurope.info
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