20 July 2016
3 July 2015
Critical Cyber Security lessons for business
This week the CBI brought together a variety of experts and businesses, ranging in sector and size, for its inaugural Cyber Security Conference, to discuss how to protect businesses against cyber-attacks.
1. This affects the whole business
Setting the scene for the day, the CBI’s Matthew Fell set out seven key points that businesses can’t ignore about the importance of cyber security. From the board room to the front line of business, in the modern digital business environment everybody needs to take action to get up to speed on cyber security. Having a plan in place makes a difference, but an organisational response is needed.
2. Your board should be thinking about cyber security
Security expert Martin Smith then kicked off the day’s presentations, framing cyber security as a critical issue for the board. The costs of cyber-attacks for businesses are growing, and with 81% of large businesses and 60% of small businesses experiencing an attack last year alone, it is important for businesses to factor cyber security into their risk management and corporate governance procedures.
3. Get the basics right across your firm as criminals are growing cleverer
This was followed by a lively and energetic demonstration by Sophos’ expert James Lyne on the threats that hackers present to businesses – it’s as easy as a subtly worded email attachment. This means that, as well as being a board priority, businesses need to make all of their people cyber secure.
4. Step by step help is available
But how do you go about getting cyber secure? In a variety of interactive sessions - facilitated by our expert partners NCC Group, Sophos and CGI – businesses where able to get advice, from planning ahead to decision making in the event of a cyber incident. With personal information, finances and your business’ brand and reputation all at risk, it is important to have the right expert advice, a board level strategy and a trained workforce.
5. Change the culture to make everyone cyber secure
The conference drew to a close with panel sessions on the importance of cyber security skills - you can hear the full story here
6. Insure against cyber crime risks
Cyber insurance is a growing field, that only 2% of business use at the moment. Learn about how to protect yourself here
7. Take the next steps to becoming cyber secure now
If you’re a CBI member, be sure to sign up to receive intelligence updates and invite invitations to future #CBICyber events.