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What’s the issue?
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Session 13Cyber-security and cybercrime
Contents
What’s the issue? Why should we care? What are the risks? How do they do it? How do we protect the firm? What if the worst happens?
What’s the issue?
What’s the issue?
What’s the issue
60-81% report breach…
£65k-£1.15m cost of one breach…
84% believe colleagues violate controls…
…GLOBAL COST - £338 bn
Why should we care?
Why should I care?
http://www.lawsociety.org.uk/advice/cyber-security/
Why should we care?
ConfidentialityWhat are the risks?
Confidentiality
Structural and financial instabilityWhat are the risks?
Structural and financial instability
Reputational damageWhat are the risks?
Reputation damage
How do they do it?
How do they do it?
Identify our vulnerabilities…How can we protect our firm?
Identify your vulnerabilities
People
Passwords
Operations
Too much information
Take action!How can we protect our firm?
Take action – the ‘do’ list
Manage the risk properlyRestrict data sticks and email attachmentsKeep browsers etc updatedRestrict file accessTake identity theft precautionsHave a policyEncrypt remote dataBack-upSound HR proceduresTraining and awareness
Take action – the ‘don’t’ list!
Use unsecured webmail or unapproved devices to transfer filesUse guessable passwords and locally stored filesLet your operating systems fall behindStore critical files online without backups.work remotely on an unsecured Wi-Fi connection
What if the worst happens?
What if the worst happens?
Summary
What is cybercrime Why it’s important to us The risks Cybercrime types and methods Protection Incident management?
Final comments
• Any questions?