Cyber threats continue to evolve

The risk from cyber attacks are multiple and varied and are also constantly evolving.

Risk Management News

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The risk from cyber attacks are multiple and varied and are also constantly evolving. This morning there are stories involving the possible involvement of the Chinese military in a breach of Register.com potentially affecting millions of websites; and there’s a warning of the increase threat of ‘role-playing’ where social media accounts steal data and images from legitimate individuals or businesses and pass them off as their own.

The annual report from the non-profit Information Security Forum highlights a number of risks that businesses should be aware of to minimize the threat and impact of an attack. New technology itself brings risk says the report as disruptive technology allows both good and bad players to scale new heights; the ‘connected’ world is another big risk, opening up multiple potential vulnerabilities; criminal groups often have bigger budgets and more sophisticated tools and expertise than businesses, increasing the need for collaboration to tackle threats; and stretching the life of systems is another risk with many businesses still using Windows XP for example, even though it is no longer supported by Microsoft. Read the full report.

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