The City of London Police is launching a drive to make the Square Mile more resilient to cyber attacks, as the financial services sector sharpens its focus on defending against online criminals.
The Cyber Griffin initiative is being launched at the Investment Association’s first cyber security conference for the asset management industry — the sector the lobby group represents — in London on Tuesday. IT security experts commented below.
“It’s encouraging to see the City of London take a proactive stance toward cyber security. A resilient cyber strategy is fundamental for the Square Mile to ensure business as usual. However, this can only be achieved via continuous improvement through identifying weaknesses, and up-skilling staff in order to plug the skills gap within an organisation.”
“I think it’s great that the City of London police force has launched a new initiative, the Cyber Griffin initiative, to help businesses in the Square Mile better prepare and defend against cyber threats – every little bit helps. Unfortunately, in this case, the assistance really is just a little bit.
While the structure of the initiative is sound – threat briefings, intelligence sharing and response training – according to Parliament Street Policy paper, UK police have spent 1,320,341 GBP training 39,438 officers in the past three years. That’s about 33 GBP per police officer or about 11 GBP per police officer per year… I can tell you that 11 GBP per year does not a cybersecurity expert make.
What’s needed is investment on par with the magnitude of the threat. This includes a national, coordinated effort where the resources of government, including police forces, the intelligence community and security professionals from the private sector coordinate activity to share information and best practices to defend the data of the citizenry.”
ISBuzz Team embodies the collaborative efforts of the dedicated staff at Information Security Buzz, converging a wide range of skills and viewpoints to present a unified, engaging voice in the information security realm. This entity isn't tied to a single individual; instead, it's a dynamic embodiment of a team diligently working behind the scenes to keep you updated and secure. When you read a post from ISBuzz Team, you're receiving the most relevant and actionable insights, curated and crafted by professionals tuned in to the pulse of the cybersecurity world. ISBuzz Team - your reliable compass in the fast-evolving landscape of information security
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.