Following the news that Britain’s banks are supposedly not reporting the full extent of cyber attacks to regulators for fear of punishment or bad publicity, Mark James, security specialist at ESET commented below.
Mark James, Security Specialist at ESET:
Effective protection is made up of multiple layers of security. This involves, but is not limited to, identifying current threat vectors, education, software protection, data flow monitoring and keeping your systems updated and patched. Sharing information enables better defences, it provides authorities and regulators a better understanding of the wider picture and should help investment in the correct placement of funds to combat future attacks. In addition to this, the public have a right to know what a company is doing regarding security and privacy, because only then can they make an informed decision based on facts.”
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