Event Concluded
Cyber Security
21st annual e-Crime & Cybersecurity Congress
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About Event
As cyberspace becomes the arena for a new cold war, does cybersecurity practice need to change? Too much focus on PID protection, not enough on cybersecurity? Not that long ago cybersecurity was the art and science of stopping economically motivated actors exploiting vulnerabilities in traditional IT networks to commit a fairly narrow range of frauds, disruptions and data thefts. It was the counterpoint to cybercrime, which was seen as being carried out almost exclusively by non-state actors. Yes, some nation-states used cybercrime to make money and yes, governments’ use of cyberattacks for economic and political espionage is not new. However, it’s become increasingly clear that a new global cyberwar has started that looks very much like the cold war of the 1950s to 1980s. As one commentator puts it, instead of stockpiles of nuclear weapons, “the threat of cyberwar, by contrast, has more to do with a global stockpile of vulnerabilities, amassed by accident as a by-product of continued innovations in connectivity. In the end, the sensation is the same: a foreboding feeling of pervasive, imminent risk. Cyberwar is real.” So how does a cyber-cold war create a different set of risks for individual organisations? Does the potential for huge rises in the scale and sophistication of attacks, and the likelihood that infrastructure disruption and destruction will become more prevalent, objectively change the security calculus? One answer is that it will force firms to stop focusing narrowly on GDPR and think strategically about real security: as Mario Greco, chief executive at insurer Zurich says, focusing on the privacy risk to individuals is missing the bigger picture: “First off, there must be a perception that this is not just data . . . this is about civilisation. These people can severely disrupt our lives.”
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