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Comments from Arbor - Fraud costs UK up to £193bn

May 2016 by Yaroslav Rosomakho, Principal Consulting Engineer for Advanced Threats at Arbor Networks

Following the news that fraud costs the UK up to £193bn per year, please see below comments from Yaroslav Rosomakho, Principal Consulting Engineer for Advanced Threats at Arbor Networks.

“The news that fraud costs the UK up to £193bn per year shouldn’t come as a surprise. Hackers are smart, resourceful and more motivated than ever before, and will do anything to get what they want – money.

“To ward off fraudsters, organisations need to take a proactive approach to protecting themselves. This includes not just relying on automated tools and preventative measures, but also active threat hunting and indicator of compromise investigation.

“The monitoring of network infrastructure and the user-base is also important as increasingly organisations are the target of a cyber-attack and need to have solutions to deal with any event as quickly as possible. Preventing an attacker from gaining a foothold within a network is desirable. But as malware evolution and network and service infrastructure changes have made it much more difficult to keep attackers out, organisations need to focus on detection and remediation as part of their efforts to keep fraudsters at bay.”


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