Deloitte comments on launch of Government’s Cyber Security Guidance for Business
5 September 2012
Commenting on the launch of the Government’s Cyber Security Guidance for Business, Mike Maddison, EMEA head of security and resilience at Deloitte, said:
“Deloitte welcomes this positive step from the Government, which recognises the seriousness of cyber security for UK Plc by raising it not just as a technical risk, but also as an overall business risk. Most businesses recognise that the volume and sophistication of cyber attacks is rising, but many are still struggling to fully understand the increased threat, let alone respond effectively.
“Whatever sector they operate in, companies need to be aware not just of potential future attacks, but detect and respond to ones that might already have happened. Attacks exist that can lie undetected for years, all the while leaking commercially sensitive information and intellectual property, so it is vitally important that organisations regularly review their systems as well as appropriately invest in better intelligence.
“Becoming cyber intelligent is a strategic imperative for all UK businesses that rely on the internet. Impacts of a cyber breach can range from reputational damage to loss of competitive advantage, a drop in share prices and regulatory fines. People in the most senior positions need to understand this and plan for the worst.”
Note to editors
Deloitte has been working with the World Economic Forum as strategic advisors on their Partnering for Cyber Resilience project, developing a set of guidelines and principles for CEOs to work towards in order to improve their firms’ understanding and response to cyber attacks. In order to bring cyber risks to life for Boards, the industry award-winning film we created has been shown internationally (see it at www.deloitte.co.uk/cyber).
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