The sheer complexity and speed of technology change means that for many companies, and even some very large enterprises, a managed cyber security service will be the most cost-effective and flexible solution.
Anyone who studies the activities of organised cyber crime groups cannot fail to be impressed by their creativity, innovation and adaptability. Cyber criminals are applying to online fraud the kind of resources and effort once associated with the narcotics trade. They have created a low-cost business model targeting an endless sea of possible victims across the internet, which is yielding hundreds of millions in revenue every year.
In the engine room of any company, new regulation tends to be experienced as a burden, not an opportunity. But the new EU data protection laws which take effect in May offer Boards the chance to bring about a fundamental shift in corporate attitudes to the use of data and to cyber security. The leadership of companies can use GDPR to understand their own business better, to the benefit of their own digitization projects, as well as their security and reputation. Nor is this shift stopping at the borders of Europe; it will have a significant impact on any company doing business in or with the EU, and affect much of its supply chain.