Cyber criminals are posing an increasingly significant risk to businesses’ bottom line. In 2016, cyber security breaches cost UK businesses almost £30 billion; that's staggering. PwC's annual Global State of Information Security Survey 2017 showed that retail and consumer businesses were affected by, on average, more than 4,000 security incidents in 2015. 16% of those surveyed admitted to losses of $1 million plus due to these incidents. A worrying 95% of breached records originated from either retail, government or technology in 2016! So, what can you do as a retailer to reduce the impact of cyber attacks on your business?
Amar Singh from Cyber Management Alliance recently hosted an educational webinar discussing the necessary foundational controls for a business. The webinar, available for viewing online (here) is titled Designing the Foundations of a Secure Organisation. Amar invited an expert in this field to join him and discuss these controls and how they could help improve the overall cybersecurity posture of an organisation. David McKissick works for Tripwire.