Cybercrime: A clear and present danger
Cybercrime is an increasing issue for businesses across all sectors, inflicting both reputational and financial damage for thousands of companies in the UK. The Royal Bank of Scotland has a team of dedicated specialists working hard to keep customers safe. Stewart Thom, Customer Security Business Partner with the bank offers some advice.
1. It is a question of when, not if, your business will be targeted: No business in Scotland is immune to cyber attack; businesses large and small are targeted for the data they hold, the funds they process and the services they provide.
2. Cyber attacks are no longer ‘just’ about theft of data: cyber attacks today can disrupt customer services and business operations alike.
3. Managing cyber risk should be at the top of your agenda: A key step for businesses to take is to recognise that cyber risk is business risk. It should be managed alongside other risks to your business, with someone at the top of the business responsible for managing cyber risk across the organisation.
4. Its not all doom and gloom; some simple steps can help you stay safe: Getting the security basics right will stand you in good stead against cyber attack. It is important that you understand what your most important information is, where it is held and how it is protected. Implementing the right process and technical controls will protect you from 80% of basic cyber attacks (according to the UK Government).
5. Cyber security is too important to leave to technology: 90% of cyber attacks begin with the bad guys targeting an employee in an organisation, not the technology that they use. The best technical controls in the world will count for very little if your staff are still using ‘password’ as their password. Training and awareness is a vital part of helping your business stay safe, you need to build a strong security culture.
If you want to find out more, ICAS, in association with Royal Bank of Scotland, are running a series of free events in Scotland, helping you and your clients to understand the latest scams and identify how to stop cyber-attacks.
About the author
Stewart Thom is a customer security business partner with the Royal Bank of Scotland. A specialist on the issues of cybercrime, he regularly hosts seminars outlying the dangers the issue creates for industry today.
About the company
The Royal Bank of Scotland is one of the biggest supporters of the Scottish SME sector. Formed in 1727, the Edinburgh headquartered bank has a team of dedicated professionals’ sector specialists across Scotland. It became an ICAS community partner in 2016.
For more information regarding Royal Bank of Scotland and how they can help your business, contact Paula Ritchie at email@example.com or Gavin Wilson at Gavin.Wilson@rbs.co.uk
This blog is one of a series of articles from our commercial partners.
The views expressed are those of the author and not necessarily those of ICAS.