Authored on: Apr 10, 2014
Across the world, cyber attacks are now taking place on an industrial scale. The
World Economic Forum has warned that the theft of information and the intentional
disruption of online or digital processes are among the very top business risks that
major institutions face. It also suggests, however, that improved cyber security could
save the world economy trillions of dollars.
Recent high profile attacks have highlighted just how much cyber crime can cost vulnerable business; risks are growing as digital criminals become more adept, now employing a portfolio of attacks with the potential to damage national economies and radically undermine an organisation's ability to grow and innovate. Digital crime threatens to undermine not only an institution's reputation but its core competitive advantage. Against this backdrop, we set out to explore how organisations are reacting to a new era of digital criminality.