Mind the cyber risk gap

As the number of digital transactions dramatically increases, so does the risk and likelihood of cyber-attack. This means that organisations handling large amounts of sensitive data are more likely to become targets of hackers. Hackers are looking to exploit this information which is stored within corporate networks. As a result, businesses find themselves increasingly exposed to what is referred to as a ‘Cyber Risk Gap’ caused by a combination of factors which I have outlined below.

Today you are a target of opportunity and a target of choice – it just depends on the day

There are countless ways for threat actors and hackers to penetrate Corporate IT systems, with the potential to cause considerable damage to businesses located anywhere in the world. Malicious attacks, such as ransomware, were prolific throughout 2017, one of the most notable being WannaCry. However, even with all the public furore around WannaCry, we know that thousands of organisations still run the majority of their computers on outdated operating systems, which nearly triples the chance of a data breach. This is captured in the findings of our report, which is discussed…