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Cisco report forecasts for potential ’destruction of service’ (DeOS) cyber attacks

July 2017 by Rob Norris, VP Head of Enterprise & Cyber Security, Fujitsu EMEIA

The comment from Fujitsu’s head of cyber security on Cisco’s mid-year report, which has found that ‘destruction of service’ could lead to a business never recovering from cyber hacks.

“Cybercriminals are relentless and the potential of ‘destruction of service’ (DeOS) attacks poses an irrecoverable threat to businesses. The cyber risks in today’s technology-driven world are fierce and the financial damage incurred by hacks are noticeably stark for businesses that fail to prepare; just this week Ashley Madison was forced to pay out $11m, while the reputational damage following the hack in 2015 was incurred long ago. It’s evident from previous attacks that breaches can have a serious and long term impact on companies’ value, while the introduction of GDPR will add potentially crippling financial penalties into the mix. The elimination of a business’s entire system takes cyber threats one step further. Organisations won’t just be damaged financially and reputationally but could have absolutely no route to recovery.

“Cybersecurity is the single most alarming threat to businesses across Europe with recent incidents such as WannaCry and Petya only reinforcing the need for a robust cybersecurity strategy. Engagement must start from the top: the C-suite must understand the risks, ensure their organisation is well prepared and develop a comprehensive plan. Time must also be taken to actively test existing networks, spot and quickly address any blind spots in the system and educate the entire workforce on best practice. As technology such as Internet of Things, artificial intelligence and big data becomes integral to business operations, all staff will have to remain prepared for the increasing potential of cyberattacks. Cybercriminals are becoming smarter and naivety is no longer an option in a world where cyber threats could potentially halt your business in its tracks.”


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