Most security breaches are still perpetrated by external attackers and the financial services industry is particularly exposed to security incidents with confirmed data loss. This was one of the findings of the Verizon 2014 Data Breach Investigations Report (DBIR), presented at the Cyber Security conference, organised by Deloitte Luxembourg and EBRC.
Attracting close to 50 Security and IT professionals, risk managers, internal auditors, among others, the conference aimed to provide the latest updates on the cyber threat landscape and focus on the typical approaches, standards, regulations and capabilities to protect organisations from cyber threats.
The digital revolution is driving business innovation and growth, yet also exposing all organisations to new and emerging threats. Indeed, organisations must face a myriad of threat agents, whose determination and attacking resources may greatly vary from one to another.
Stéphane Hurtaud, Partner at Deloitte Luxembourg explained The threat landscape has changed, and the need for more mature Cyber Security is higher than before. In today’s world, addressing Cyber Security Risks with point solutions is clearly unrealistic. Given the complexity of the Cyber Risk landscape, one must adopt a much more cohesive and structured approach for managing your Cyber Risks effectively .