Cyber Security - You will be challenged

Your security will be challenged

What are you going to do about it?

A dark cloud as been hanging over Singapore!

80%

80%80% of Internet users in Singapore have

experienced cyber crime, the fourth highest

rate in the world

US$944 million

US$944 millionConsumer cybercrime costs Singapore the

equivalent of $944 million

Not to mention these jokers…

Consumers are careless.

Consumers are careless.

41%

Consumers are careless.

41%Don’t use complex passwords or change their

passwords regularly

And it hurts.

And it hurts.

US$1,158

And it hurts.

US$1,158Average cost to Singaporean consumers is

US$1,158compared to a global average of $197

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

But businesses cannot afford to be!

Average cost to a business for cybercrime

$1,035,769 USD

2 cautionary tales

Sony PlayStation

Unencrypted data

77m accounts stolen

Network down for 24d

Costs of $171 million

The biggest data breach in history

Unencrypted data

77m accounts stolen

Network down for 24d

Costs of $171 million

The biggest data breach in historySorry!

October 3rd, 2013

2.9 Million

Customers details

stolen

All of this was

PREVENTABLE.

And worse still, they

both stalled & denied the

scale of the problem!

But businesses cannot afford to be!

• 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

But where humans are concerned there’s no

such thing as 100% secure. Plan for that too!

Your security will be compromised

Your security will be compromised

“How you retrieve

the situation is

what matters”

Your security will be compromised

Plan for the worst

• Scenario Testing

• Response Plan

• Training & Preparation

Remain calm, communicate

quickly and effectively.

Always try to stay one step ahead of the game

Always try to stay one step ahead of the game

Thanks