Following the news regarding the FCA warning that the asset management industry suffers from a lack of expertise and preparedness with regard to cyber security – Jason Howells offers the following comment.
Jason Howells:
“I think this survey confirms what we in the cyber security industry have known for some time; the cyber threat is widely misunderstood and perhaps underestimated by some. I don’t think this is limited to these sectors, either – it’s every sector and at every level. None of this is a criticism; the cyber threat is a new threat, it is in places deeply complex, and it is presented as almost existentially dangerous.
I also think the cyber security industry has to take some responsibility for this state of affairs. Cyber security products and services have been sold by some through over emphasising the fear and the complexity of the issue, but whilst that might work for a one-off sale it doesn’t build the essential, trusted partnerships that we need, to more expertly and successfully repel attacks.
Good cyber security can be understood and, crucially, led by boards in all sectors. It’s about risk management; understand, assess, act, repeat. Boards are good at risk management – it’s at heart what they do. It is a specialist risk, granted; but so is legal, political, physical and more. Outside expertise will, for most of the mid-tier of the economy, be essential. Get good third party help, and manage the risk”.
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.