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ARTICLE · 20 DECEMBER 2016

Cybersecurity – The New And Dynamic Hot Topic

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.

Cayman IslandsTechnology

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

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