According to the Department of Trade and Industry there are 4.5 million businesses in the UK of which 99.3% are small to medium sized enterprises (SMEs), employing 0-49 employees. These comprise 58.9% of the total workforce of 24.4 million and account for 51.9% of the £2,600 billion UK turnover. Bruce Hallas, a specialist in information security, said “SMEs are particularly prone to poor or even non-existent information security.
As awareness of the importance of information security increases, the SMEs stand to lose competitiveness, potentially losing contracts with existing clients and suffering the financial consequences that are increasingly arising from information security incidents.”
An over reliance on Information Technology (IT) has developed over recent years. According to Hallas, this is the result of confusing Information Technology with Information Security (IS). With ‘insufficient’ money to invest in expensive information security expertise, many SME’s are investing heavily in IT in the mistaken belief that IT will ensure IS. “Yet the largest business drivers for security investment are contractual, regulatory, market pressures from consumers, corporate clients and the public sector. Not the typical domain of IT. The biggest security vulnerability lies with people,” Hallas says. “Security is about managing the risk from people, both known and unknown, interacting with your information and information systems. It is more about people management than technology.”
Tyler Moore of the Computer Laboratories, University of Cambridge expanded, “Information security is now a mainstream political issue, and no longer the province of technologists alone,” he said. “People used to think that the internet was not secure because there was not enough of the right technology, not enough sophisticated cryptographic mechanisms, authentication or filtering etc. so advanced encryption, public key infrastructure and firewalls were added. The internet did not get any safer,” he added. “In 1999 it became clear that even the latest and greatest technology will not solve all our problems if those who protect and maintain them are not sufficiently movitated. The issue is one of incentives.”
The impact of an under-incentivised workforce can have devastating consequences in business such as denial of service attacks allowing viruses to infect the IT system, hospitals putting access to data above patient privacy, bank customers suffering phishing attacks by poorly designed banking systems.
“Economics can explain many of the failures and challenges in a new way” Tyler Moore said. “As companies are beginning to realise the value of good information security practice so security measures are being used not only to manage the evils of the attackers but also to support the business models of companies.”
Now that the Achilles heel of the information security problem has been identified, companies, especially banks, often fight shy of divulging information about attacks, whether they have been successfully repelled or not because the information concerned may be sensitive.
Help is at hand in the form of a new report “Security Economics and the Internal Market” which outlines police options regarding the economic problems in providing IS.
The report’s first recommendation is for the EU to issue a comprehensive breach notification law to notify consumers when their details have been compromised so they can protect themselves.FOR FURTHER INFORMATION, CONTACT:
Danielle Moore | alfa
Cutting edge research for the industries of tomorrow – DFKI and NICT expand cooperation
21.03.2017 | Deutsches Forschungszentrum für Künstliche Intelligenz GmbH, DFKI
Molecular motor-powered biocomputers
20.03.2017 | Technische Universität Dresden
Astronomers from Bonn and Tautenburg in Thuringia (Germany) used the 100-m radio telescope at Effelsberg to observe several galaxy clusters. At the edges of these large accumulations of dark matter, stellar systems (galaxies), hot gas, and charged particles, they found magnetic fields that are exceptionally ordered over distances of many million light years. This makes them the most extended magnetic fields in the universe known so far.
The results will be published on March 22 in the journal „Astronomy & Astrophysics“.
Galaxy clusters are the largest gravitationally bound structures in the universe. With a typical extent of about 10 million light years, i.e. 100 times the...
Researchers at the Goethe University Frankfurt, together with partners from the University of Tübingen in Germany and Queen Mary University as well as Francis Crick Institute from London (UK) have developed a novel technology to decipher the secret ubiquitin code.
Ubiquitin is a small protein that can be linked to other cellular proteins, thereby controlling and modulating their functions. The attachment occurs in many...
In the eternal search for next generation high-efficiency solar cells and LEDs, scientists at Los Alamos National Laboratory and their partners are creating...
Silicon nanosheets are thin, two-dimensional layers with exceptional optoelectronic properties very similar to those of graphene. Albeit, the nanosheets are less stable. Now researchers at the Technical University of Munich (TUM) have, for the first time ever, produced a composite material combining silicon nanosheets and a polymer that is both UV-resistant and easy to process. This brings the scientists a significant step closer to industrial applications like flexible displays and photosensors.
Silicon nanosheets are thin, two-dimensional layers with exceptional optoelectronic properties very similar to those of graphene. Albeit, the nanosheets are...
Enzymes behave differently in a test tube compared with the molecular scrum of a living cell. Chemists from the University of Basel have now been able to simulate these confined natural conditions in artificial vesicles for the first time. As reported in the academic journal Small, the results are offering better insight into the development of nanoreactors and artificial organelles.
Enzymes behave differently in a test tube compared with the molecular scrum of a living cell. Chemists from the University of Basel have now been able to...
20.03.2017 | Event News
14.03.2017 | Event News
07.03.2017 | Event News
24.03.2017 | Materials Sciences
24.03.2017 | Physics and Astronomy
24.03.2017 | Physics and Astronomy