Cyber Security - You will be challenged

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As presented by Freddie Heygate at the Cyber Security event on the 12th of December 2013

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Cyber Security - You will be challenged

  1. 1. Your security will be challenged What are you going to do about it?
  2. 2. A dark cloud as been hanging over Singapore!
  3. 3. 80%
  4. 4. 80% 80% of Internet users in Singapore have experienced cyber crime, the fourth highest rate in the world
  5. 5. US$944 million
  6. 6. US$944 millionConsumer cybercrime costs Singapore the equivalent of $944 million
  7. 7. Not to mention these jokers…
  8. 8. Consumers are careless.
  9. 9. Consumers are careless. 41%
  10. 10. Consumers are careless. 41%Don’t use complex passwords or change their passwords regularly
  11. 11. And it hurts.
  12. 12. And it hurts. US$1,158
  13. 13. And it hurts. US$1,158 Average cost to Singaporean consumers is US$1,158compared to a global average of $197
  14. 14. Businesses are careless too! Five common problems • Poor/sloppy password practices • Lack of (or adherence to) security policies • No regular maintenance / upgrade cycle • Failure to test for vulnerabilities • No effective plan in place for crises
  15. 15. But businesses cannot afford to be! Average cost to a business for cybercrime $1,035,769 USD
  16. 16. 2 cautionary tales
  17. 17. Sony PlayStation
  18. 18. Unencrypted data 77m accounts stolen Network down for 24d Costs of $171 million The biggest data breach in history
  19. 19. Unencrypted data 77m accounts stolen Network down for 24d Costs of $171 million The biggest data breach in historySorry!
  20. 20. October 3rd, 2013 2.9 Million Customers details stolen
  21. 21. All of this was PREVENTABLE.
  22. 22. And worse still, they both stalled & denied the scale of the problem!
  23. 23. But businesses cannot afford to be!
  24. 24. • Run a comprehensive security audit • Focus on business critical areas • Establish a sensible security policy • Regular training for all staff • Communicate why it is important • Establish scheduled maintenance • Regular tests for vulnerabilities • Set up internal reporting / KPIs
  25. 25. But where humans are concerned there’s no such thing as 100% secure. Plan for that too!
  26. 26. Your security will be compromised
  27. 27. Your security will be compromised “How you retrieve the situation is what matters”
  28. 28. Your security will be compromised Plan for the worst • Scenario Testing • Response Plan • Training & Preparation
  29. 29. Remain calm, communicate quickly and effectively.
  30. 30. Always try to stay one step ahead of the game
  31. 31. Always try to stay one step ahead of the game
  32. 32. Thanks

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