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"It should come as no surprise that cyber-attacks directly correlate to negative
impacts on a company’s shareholder value. It’s been clear for many years that
attacks would have severe financial and reputational repercussions. Most recently
Verizon’s offer for Yahoo was reported (Reuters.com 21Feb17) to have been lowered by
circa $350m in the wake of two large breaches at the internet firm . The analysis
that global investors have lost at least £42bn should provide firms with additional
business justification and impetus to invest in prudent and effective security
improvement: In today’s digital economy, every business has a target on its back as
data is the currency of digital.

"It’s vital that organisations take a holistic and proactive approach aligned to
their business objectives. A key focus should be the integration of threat
intelligence with other information sources to provide the visibility to identify
issues quickly, coupled with the threat context necessary to deal with today’s
sophisticated attacks. Additionally, there must also be a clear and well-rehearsed
crisis management plan for a breach, addressing internal and external communication
to ensure swift and effective mitigation occurs; limiting the impact on business
availability and integrity and ultimately reducing the cost of a breach on many
levels. As the increase in sophistication and regularity of security attacks
continues, it has never been more important for organisations to ensure that
security is on the boardroom agenda and confident the challenge is being addressed
appropriately"