news
Mimecast research
finds data loss is
primary concern for
financial industry
imecast has announced new
research commissioned
by IDG Research on the
factors leading financial services
organisations to reprioritise how
they manage compliance. Financial
services organisations like retail
banks, investment firms and insurance
companies have always operated under
stringent regulations and controls.
However, increasing regulatory
frameworks and evolving security threats
are making compliance an increasing
priority within these organisations.
M
Mimecast and IDG Research surveyed
financial services professionals to
understand their compliance efforts and
what they consider critical priorities.
Nearly all respondents (92%) reported
that compliance management has
become an increasingly high priority
over the past two years.
Organisations’ compliance strategies for
supervision in the coming year are being
shaped most heavily by new regulatory
requirements (45%) and a growing
number of cybersecurity threats (39%).
When asked which compliance regulations
will have the largest impact over the next
12 months, respondents noted those
related to third-party collaboration, cloud
storage and legislative orders such as
Brexit, GDPR and MIFID II.
Regardless of industry, data loss is an
ongoing struggle most organisations face.
For the financial organisations surveyed
it’s the number one concern, largely due
to the ever-evolving threat landscape.
More than half (58%) cited data loss
as their organisation’s biggest concern
regarding non-compliance and 49% said
their organisation had been impacted by
data loss in the past two years.
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During the Operation Blackout simulation, red
and blue teams faced off in a strategic duel
CYBEREASON LEADS OPERATION
BLACKOUT HACK SIMULATION
EVENT IN LONDON
ybereason, creators of
a leading cyberdefence
platform, and former members
of the British Government and the
Metropolitan Police, came together
at Operation Blackout in London.
The inaugural London event was a
simulation of a hack in a fictitious UK
city, Adversaria.
C
During the Operation Blackout
simulation, red and blue teams faced
off in a strategic duel. The red team,
led by Yossi Rachman, Cybereason’s
Head of Security Sesearch, and other
hackers, was determined to disrupt
voting on election day in the made-up
British city.
The blue team, tasked with defending
the city, led by Alessandro Telami,
a Senior Director at Cybereason,
also included former members of
GCHQ, the Foreign Office and the
Metropolitan Police.
The goal of the table-top exercise
was to examine and advance the
organisational responsiveness
of government entities to an
anarchic group’s attempts to
undermine institutions and systems
of governance.
To date, most other election hacking
discussions and exercises focus
on the mechanics and minutiae
of hacking election equipment or
contaminating and violating the
integrity of voter rolls.
Israel Barak, Cybereason’s Chief
Information Security Officer and
Operation Blackout London White
Team Leader, said both teams
performed well but the blue team
scored a ‘clear victory’ because it
was able to maintain its goals of
limiting disruptions and
maintaining normalcy and open
and free elections.
Issue 21
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