Today we’re asking GTNews readers to participate in our poll on cyber risks.
This week, many businesses were crippled worldwide by a ransomware cyber-attack. ‘Petya’ has reportedly hit over 12,000 machines in around 65 countries across the globe. Cyber-attacks are increasingly in the headlines as hackers are becoming more sophisticated.
“The reputational fallout from a cyber breach is what kills modern businesses,” said Inga Beale, CEO of Lloyd’s. “And in a world where the threat from cyber-crime is when, not if, the idea of simply hoping it won’t happen to you, isn’t tenable.
In the event of an attack, it falls on the company to prove that they took adequate steps to protect their business and their customers. Do you feel prepared for a cyber-attack?
PSD2 is set to remake the EU payments marketplace. This deliberate public policy exercise is going to regulate and demonstrate what next generation financial crime competencies must be and cement the standard going forward.
Once there is KYC blockchain, the technology will be at the forefront of helping to identify those who present a greater risk of criminality, argues David Poltorak, chief technology officer at Fortytwo Data.
Europe’s introduction of the General Data Protection Regulation (GDPR) next May will have implications for businesses around the world and US corporates should start getting ready if they haven’t already done so.
The recent NotPetya cyberattack underlined the need for organisations to address their exposure and how to mitigate the risk.