The biggest threats to cyber security and how to catch them
In this IIL cyber, technology and innovation lecture Louise Taggart explained what motivates 'cyber security threats', how these threats might manifest, and the implications this has for addressing the complex area of cyber security.
2019 has continued to be another big year in cyber security: data breaches continue to dominate headlines, hundreds of millions of consumer records comprised. Against this background - as well as increasing regulation - cyber security has become a top concern for CEOs. However, for the uninitiated, the cyber threat landscape can be difficult to navigate.
There are a variety of different motives behind malicious cyber attacks, and at a high level these can be categorised as: espionage (i.e. to gain access to information); criminal (for financial gain); hacktivist (to promote a particular 'cause'); and sabotage (to cause disruption or damage).
The ways in which these threats manifest themselves can vary widely and a number of different factors need to be taken into consideration when thinking about security - and defence. This is no different for the insurance market, where the growth of technological solutions and products introduces new vectors of attack.
By the end of this lecture members would have gained an insight into:
- The motives driving cyber attacks
- How attacks might manifest
- Some of the ways in which these threats can be addressed
Martin Twells, Claims Manager/Specialty Casualty, W/R/B Underwriting.
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