Resilience is the new cyber security
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A short introductory presentation I gave at the 2015 Fund Management Summit in London on the 8th October. This was simplified and much material was discussed rather than on the slides.
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Resilience is the new cyber security
- 1. Resilience is the new cyber security Phil Huggins
- 2. Stroz Friedberg 2 Leading experts on cyber defence - pragmatic, evidence-driven, strategies and tactics that work World class response to digital trouble – and advice on how to prepare for cyber attacks Discrete global advisors when it matters
- 3. Cyber attacks are going to happen 3 Average breach cost £2.5m Average cost per record breached £101 Time to detect a breach 206 Days Time to contain a breach 69 Days Attacks completed in minutes 60% Attacks spread to second victim in one hour 40% Malware samples unique to target 70-90% Exploited vulnerabilities older than 1 year 99.9% New vulnerabilities exploited within 2 weeks 50% Organised crime attacks using crimeware 73% Activist attacks targeting web applications 61% Chance of 1 breach every 10 years 71%
- 4. Cyber Resistance is not enough. 4 95% of vulnerabilities patched is not enough $250m invested in cyber is not enough 1000+ cyber professionals is not enough Constant organizational change Competitive cyber job market Rapidly evolving cyber threat environment Increasingly fragile controls Failure is often silent
- 5. We need Cyber Resilience 5 See the attacks earlier Absorb the damage Limit the spread of the damage Controlled graceful degradation Handle delays in recovery
- 6. Preparation is key 6 Gradually build capability Consider key decisions before the emotion hits Develop muscle-memory
- 7. Cyber Security 7 Cyber hygiene matters Organisational culture really matters Technical agility matters They are necessary but are not enough anymore
- 8. Cyber Resilience 8 Identify relevant cyber scenarios Build situational awareness Prepare for attacks Recover from attacks Learn from attacks
- 9. Prepare for attacks 9 Plan for incident response Practice crisis management Partner with experienced experts
- 10. Summary 10 Cyber attacks are going to happen Don’t panic Prepare
- 11. strozfriedberg.com THANK YOU Phil Huggins, Vice President phuggins@strozfriedberg.com T: +44 207 061 2299 ©2015 Stroz Friedberg. All rights reserved.