Growing threat of Cyber Security

Cost of cyber-attacks

  • There are many cyber-attacks that go undetected and unreported as well.
  • The losses emanate from operational disruptions, loss of sensitive information and designs, customer churn and impact on brand image, as well as increase in legal claims and insurance premium.

Limited awareness

  • Many companies do not treat importance of cyber security as a strategic agenda, but rather as a small issue for their IT departments.
  • There is limited awareness of the need for specialized and customized industry-specific cyber security measures which are significantly different from IT security and need to be adapted by the industry.