Intelligent CISO Issue 03 | Page 37

H How significant are ‘data breaches’ as a cybersecurity issue affecting organisations? SCOTT MANSON, CYBERSECURITY LEAD – Lead MIDDLE Scott Manson, Cybersecurity - EAST AND AFRICA, CISCO (SM) Middle East and Africa, Cisco (SM) FEATURE An ounce of prevention is worth a pound of cure, so the saying goes. When it comes to protecting your organisation against the imminent threat of a cyberattack, it’s essential to factor in both. JEFF OGDEN, GENERAL MANAGER, MIMECAST ME (JO) Cisco’s annual Cybersecurity Report indicates that there has been an increase in data breaches globally, so this is not unique to the Middle East. The escalating number of data breaches and advanced persistent threats and the publicity around hacks are making users even less confident that their sensitive data and privacy will be protected. Look at some of the most recent data breaches including Equifax, Uber and Yahoo, which opened up the possibility of attackers gaining access to personal data and, in theory, being able to collate highly personal profiles of affected individuals. Every data breach and online attack seems to involve a phishing attempt to steal password credentials, to launch fraudulent transactions, or to trick someone into downloading malware. And reports show that phishing campaigns have increased both in volume and sophistication. www.intelligentciso.com | Issue 03 Data breach prevention is top of mind for nearly every organisation today. 2017 was filled with headlines about breaches and data leakages with alarming regularity and the list of companies – both big and small – that have fallen prey t o malicious attacks keeps getting longer. Failures in data breach prevention against internal and external threats can have severe consequences. Whether it’s the inadvertent or malicious loss of intellectual property 37