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BusinessRiskTV Cyber Risks Cyber Risk Management Forum. How can your business combat cyber business risks? What opportunities for growth can arise from cyber risks? Network with top cyber risk management leaders.What are the biggest cyber risk threats to your business? Cyber crime is rising. The increasing cost of cyber data breaches has raised the risk profile for cyber security. From Yahoo losing a billion plus email records to NHS having to cancel operations due to cyber attacks business leaders will need to increase time and money on developing cyber resilience.
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10th May 2021 Fuel Pipeline Cyber Attack USA
USA government forced to issue emergency legislation after the largest fuel pipeline in the USA was hit by a ransomware cyber-attack
The Colonial Pipeline carries nearly half of all of the USA east coast’s supply of diesel, petrol and jet fuel. Work to restore service is continuing after the cyber attack yesterday. Fuel prices could rise if normal service is not returned by tomorrow.
The ransomware attack was likely to have been caused by a cyber-criminal gang called DarkSide, who locked computers and servers, demanding a ransom be paid to unlock. The pipeline service will not resume until it is safe to do so. The implication is that it is still not safe to do so.
27th February 2020 Redcar and Cleveland Council IT Service Closed Down By Cyber Attack
Hackers have scrambled files to extort money from the council. The council IT services have been closed down for 3 weeks by ransomware attack. It has had to build a new server and website whilst hiding the cyber attack from knowledge of the general public. However the council IT capabilities will be reduced for sometime yet.
7th January 2020 Cyber Attack On Travelex
Cyber attackers are holding foreign exchange firm Travelex to ransom in a cyber attack that forced it to take all its systems offline. Cyber attackers have used ransomware.
Travelex online currency services are still down more than a week after the company said it discovered a software virus on New Years Eve.
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Travelex has disabled its systems to try to stop ransomware virus spreading and protect personal data. This disablement has hit major UK banks that rely on Travelex for their foreign travel money provision. Travel money is unavailable from major high street banks in UK.
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Assess how well you manage cyber threats to your digital assets. Manage cyber risks more cost effectively. Ensure your cyber security complies with the demands of industry regulators and your own shareholders. How will your customers be affected by cyber breaches?
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Recent DDoS-attacks and hacking risk events have created at least severe reputation damage and financial losses, demonstrating how important it is to invest in cyber security.
The digital revolution has created new business opportunities and threats to business sustainability. What are the most cost effective cyber risk control measures you need to adopt?
Protecting business data additionally protects your business reputation or brand value which is harder to quantify but easy to lose. Promote your cyber business risk management as part of your brand marketing.
Cyber Security In Financial Services
With a move towards artificial intelligence in investing insurance mortgages etc it is more and more important to protect financial services organisations from cyber attacks.
“10 Things You Need To Know Today About Cyber Security and Financial Services Industry To Stay Cyber Secure”
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Improve your cyber security precautions today. Cyber security precautions must be continuously upgrade to ensure suitable measures are in place to protect corporate assets and reputation of any financial institution in the world. To it because you need to not because regulators want you to.
Cyber Security Corporate Risk Assessment Training
Performing cyber risk assessments is vital to understand the vulnerability of your enterprise. Cyber risk assessments provide a clear portrayal of an enterprise’s information systems and their susceptibility to attack.
“Cyber risk assessment will identify risk control measures in place and the risk control actions required to be implemented.”
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Cyber risk assessments are essential. Have you undertaken cyber risk assessment? Have you implemented the cyber risk controls? How do you monitor the effectiveness of your cyber risk management control.
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