Emerging risk: reputational damage from altered data

The cyber attacks that grab the headlines are generally large organizations hit by ‘denial of service’ attacks, taking out websites for example; or data breaches where personal or financial information is compromised.

Risk Management News

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The cyber attacks that grab the headlines are generally large organizations hit by ‘denial of service’ attacks, taking out websites for example; or data breaches where personal or financial information is compromised. However Craig Richardson, CEO of cybersecurity firm Wynyard, says that an emerging risk is altered information. He is calling on chief financial officers to be fully aware of the risk and to be prepared to spot data that has been tampered with. In this kind of attack nothing is stolen but data is changed which means the organization can no longer trust its own information and neither can its clients or customers. When trust is destroyed in a business the game can be over very fast. Read the full story.
 

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