Cybersecurity is a hot topic definitely here to stay for the
foreseeable future but alongside the systems and IT infrastructure
it governs, this is a topic that evolves and develops on a daily
basis. There are numerous drivers of cyber attacks, political,
hactivism, a new hacker cutting their cyber teeth and sometimes is
just a lottery. Cyber attacks and incidents also come in many forms
and many remain unidentified for long periods of time, particularly
where they involve the theft of data. The data remains and a copy
is taken therefore nothing is missed.
There has been a certain level of acceptance that every
organisation will ultimately fall victim to some form of cyber
event and with it a focus from the regulators of not only
implementing effective controls and monitoring tools but also
mandatory reporting requirements. The SEC, CFTC, FCA and the
Central Bank of Ireland have all issued guidance and best practice
documents outlining their expectations in this