Economy

Spy chief hired by insurance company to track cyber crime

Spy chief hired by insurance company to track cyber crime”

Mr Hannigan helped draw up the UK's cyber security strategy in 2009 and was director of GCHQ for three years before stepping down for personal reasons in January. "So I hope we wouldn't be that reactive, but that is what we often see in this space - that a big incident is what will galvanise change".

"Predictions in cyber security are quite hard, but I'm going to make one I'm reasonably confident about".

He also helped establish the National Cyber Security Centre past year.

Five years is a lifetime in cybersecurity, an industry that could be argued as unparalleled in the speed of its evolution.

However, speaking at Symantec's Crystal Ball event in central London, NCSC technical director Ian Levy warned that it's only a matter of time before the United Kingdom needs to deal with its first "category one" cyber attack.

"When we have had that category one incident, the first thing that will come out is that it is an unprecedented sophisticated attack that couldn't possibly be defended against".

"We want to publish data, publish evidence, and make sure people know how to do risk management properly".

"Because it will be our first ever category one there will be an independent investigation, I think what will really come out is that it was entirely preventable".

Dr Jessica Barker, an expert on the human nature of cybersecurity and co-founder of security firm Redacted, told Alphr that it may indeed take a major attack to provoke a widespread security reaction: "A lot of work in cybersecurity comes from an experience of an incident, or a near miss, or seeing someone or something like you having that incident".

The attack will probably be caused by "one or two" people at an organisation doing something small that subverts the existing cybersecurity protection, leaving the company open to attack.

Part of the problem, he argued, is that cyber security professionals are all too willing to blame their users when things go wrong, when really it should be the security software and practices which should be more properly analysed - because you could have the most secure software in the world, but it isn't going to stop anything if people don't use it because they don't understand how it works or it makes their job more hard.

Here, NCSC Director Levy points to the ongoing lack of understanding and appreciation of the colossal weight of the burden that security professionals are expected to carry, still believing that a security investment and a tick on the checklist constitute impenetrable security. "We've started saying that people are the strongest link - and if you leverage people better, they can be the first and last line of defence for your organisation".

Levy said: "With the trajectory I see at the moment around how cybersecurity is talked about, how people put militaristic analogies around it and make people feel like they can not defend themselves - it is actually really risky, and that is what we want to try and fix". IIF2017: Insurance in the DIGITAL World Conference will address the cyber risks issues, as well as digitalization's impact on sales, underwriting, and claims management. "We could stop it happening, but.the militaristic analogies people put around it make people think they can't defend themselves, and that's actually really risky". Why is cybersecurity so fundamentally different? "I think we could stop it happening", said Levy.



Like this

loading...
loading...

Latest


22 September 2017
Hubble Just Spotted a Bizarre New Object in Our Solar System
The discovery of the binary system raises questions about how common such planetary objects may be in the solar system. It was discovered by members of the Spacewatch program , which led to its first appellation, that of 2006 VW139.

22 September 2017
Best Buy Stock Falls As Retailer Sets Sales, Earnings Goals
Previously on 08/30/2017, RBC Capital Markets reported about Best Buy (NYSE: BBY ) raised the target price from $60.00 to $61.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink .

22 September 2017
Callon Petroleum Company (CPE)
Callon Petroleum Company ( CPE ) have shown a high EPS growth of -18.00% in the last 5 years and has earnings rose of 79.20% yoy. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.

22 September 2017
Most SE Asia stocks fall on profit-booking ahead of Fed meet
The dollar started the new week with growth backed by U.S. bond yields and the upcoming Federal Reserve session this week. Indexes: Germany's DAX 30 index was slightly lower at 12,554.32, while France's CAC 40 index was up 0.1% at 5,233.54.

22 September 2017
ZWJ Investment Counsel Inc. Has $6.68 Million Position in Accenture PLC
It has outperformed by 95.64% the S&P500.The move comes after 7 months negative chart setup for the $5.87B company. Analysts are turning out to be more pessimistic than before, with 2 of analysts who cover The Finish Line, Inc.

22 September 2017
IShares Russell 2000 ETF (IRU.AX): Tracking the Technicals
When getting into the markets, most investors realize that riskier stocks may have an increased potential for higher returns. Taking a peek at some Moving Averages, the 200-day is at 115.09, the 50-day is 116.33, and the 7-day is sitting at 117.79.

21 September 2017
Ganassi cuts back to two-car IndyCar entry for 2018
They have not been just a two-car full-time operation since the 2010 season, so scaling back may take some serious adjusting. Long-time Ganassi benefactor Target pulled out of Dixon's IndyCar program after a year ago and was never fully replaced.

21 September 2017
Interest rates remain unchanged at 6.75%
The Monetary Policy Committee unexpectedly cut the repo rate by 25 basis points in July. It was the first cut in five years, and it took many by surprise.

21 September 2017
See the Newly Revealed 2018 Olympic Medals
The designs for the medals were unveiled Wednesday at ceremonies in NY and Seoul, and feature a striking modern design. Games ambassador and renowned Korean opera singer Sumi Jo sang three songs during proceedings.

21 September 2017
BYU to sell caffeinated soft drinks on campus, starting today
The company delivers cold cans of caffeinated sodas to students and staff on campus within minutes of receiving an order via text. The church clarified in 2012 that its health practices don't bar members from caffeinated beverages like soft drinks.