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The phenomena and challenges
Cyber threats are evolving and increasing in volume, intensity and complexity. Organisations small and large are more vulnerable than ever to cybercrime and hacking by criminal organisations. It is not a question of whether a company will be a victim of a cyber-attack, but when.
The most impactful and known attack is ransomware as the organisation is being extorted to regain access to its data and systems. However, this is only the tip of the iceberg. IP-based extortion and modifying financial flows are just two examples of the many other types of attacks that exist.
COVID-19 crisis sparks upward trend
The current pandemic has triggered cybercriminals to target and exploit organisations and individuals as we rely more than ever on computer systems, mobile devices and the internet for everything from work to communicating and shopping.
In order to accommodate the demands of the COVID-19 crisis, many organisations have increased their cyber capacity: ranging from buying licenses for videoconferencing tools to establishing and securing the connection between remote endpoints and the organisation’s network. However, increasing the cyber capacity increases the risk of a security incident proportionally.
Rapid IT changes and rising complexities
The ability to respond to and manage a cyber incident has therefore become a major focus. Organisations need to get their operations (e.g. production) up and running again as soon as possible to minimise potential supplier and client losses. Furthermore, in case of a data breach, they may need to report the incident to the authorities, respecting stringent regulatory time frames.
Creating a framework for effective cyber incident management is crucial. A holistic and pragmatic response procedure should be in place that is aligned with identified regulatory, contractual and policy requirements.
Managing cyber resilience with confidence
Organisations cannot protect themselves against all threats, but they should be able to detect and respond correctly to incidents. This story highlights how our incident response team helped a company under attack.
From assessing the issue when first arriving onsite to containing the situation and working their way to eradicate the threat and restore the system, our team was relentless, not stopping until every threat had been secured.
The cyberattack was stopped and its impact was contained. Consequently, once recovered, all business activities could be resumed and additional security measures were implemented adding to the organisation’s resilience.
This is Jens, a cyber security consultant at Deloitte who worked on this project. Want to use your gaming skills in the fight against cybercrime, just like Jens? Do you? Or don't you?
Working at Deloitte
At Deloitte, everyone brings a diverse set of skills to work every day. You’ll also find diversity in clients, projects and a whole world of new connections. It means you’ll work with the best in the business to solve the toughest problems in business. You’ll move up, on and sideways, depending on where you see yourself next. You’ll make big decisions and your own work-life choices. You can make the unique impact you want!Life at Deloitte
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At Deloitte, we help organisations proactively manage IT-related risks. We provide IT system assurance, treat and mitigate all the risks that could threaten an organisation, and help them be the most efficient they can be. Find out more in this video.