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Deloitte have created a short film to illustrate the complex topic of cyber security and help organisations understand the huge impact a cyber attack could have.

The digital revolution has brought huge benefits in innovation and growth. But the heavy reliance of many business models on the Internet brings exposure to new threats. Assets that were once physically protected are now available online; customer channels are vulnerable to disruption; criminals have entirely new opportunities for theft and fraud. The barriers to cyber crime are low, the methods increasingly sophisticated, and the risks of detection and capture are seen as small.

Protection against cyber crime must now be a priority for businesses. The issue should be considered as a strategic business risk involving the organisation as a whole from the Board downwards; not just a matter for IT. Organisations must look to build their capability to cope with the evolving threat in order to satisfy customers, consumers, shareholders and regulators.

Is your organisation prepared to deal with cyber threats? Have you considered what assets may be vulnerable? Do you know what the business costs of a successful attack could be? How can you ensure your business is appropriately securing its operations?

What needs to be done?

This very different threat requires a very different response. Traditional defences focus on security controls to block threats. But even the best cyber defences may not detect or repel all attacks, and they can do nothing to help you manage the consequences.

 

Contact us

 

Colm McDonnellColm McDonnell,
Partner, Head of Enterprise Risk Services
T: + 353 1 417 2348

 

Jared CarstensenJared Carstensen
Manager, Enterprise Risk Services
T: +353 1 417 5700

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