Expert comment from leading figures within the business community, on a variety of
topical issues across a range of sectors.
CYBER SECURITY THREATS:
A NEW BUSINESS REALITY
Recent headlines continue to confirm cyber-attacks are clearly growing in scale, and
incidents continue to be on the rise, with 4 in 10 businesses having experienced an
attack in the last year. Cyber security remains a key risk area for businesses with
increasing frequency and requiring awareness ‘from the top’ to be prepared and able to
respond appropriately.
A recent cyber briefing event hosted by KPMG Isle of Man at the Villa
Marina sought to bring context to cyber security for all levels of
an organisation, from the boardroom to the back offi ce. A key theme
looked at cyber security as a business issue, not just an information
technology issue, and at adopting a business-led approach, supported
by deep technical skills. A report by the Department for Digital, Culture,
Media and Sport and the National Cyber Security Centre (NCSC)
claimed that in the case of more than half (57%) of businesses who had
suffered a recent breach, the incident had first been spotted by staff
rather than by software, indicating the importance of educating and
training staff, at all levels.
Expert speakers from KPMG Isle of Man and the UK discussed topics
including cyber security threats and trends, with a particular focus
on financial and retail sectors, current threats plus the weaknesses
businesses currently have, the wider threat of cyber-crime and finally
how all of this can impact your business, regardless of size.
“With the threats, risks, best practices and technologies associated
with IT and business operations ever-changing, it was an opportunity
to brief members of the island’s business community on the topical
issues”, said Bryan Beesley, Senior Manager at KPMG Isle of Man.
“Whether it be proprietary cyber maturity assessments and baselining
methodology, the steps to be considered beyond GDPR or simply
looking at the breadth of Cyber Defence Services available to support
businesses in determining its risks, it was an important morning and
was encouraging to see businesses are keen to learn and putting steps
in place to ensure protection over their organisation”.
connected digitally. We therefore must ensure that we remain an
economically stable nation, through the securing of all of our business
operations and activities across the digital domain, so we can sustain
the fortunate lives we lead.”
KPMG’s Digital and Cyber Security services can help businesses
proactively and reactively manage their technology risks by way of
boardroom reviews, data analytics, forensic technology and cyber
maturity assessments through to cyber defence and response
programmes. KPMG is recognised as one of the global leaders in Robotic Process
Automation (RPA), so the event proved to be the perfect opportunity to
launch this service line under their Isle of Man digital umbrella.
“RPA is a methodology and solution that is able to support businesses
in optimising their processes and activities by automating day-to-day
activities and therefore releasing corporate resource to undertake
more focused activities. Having recently travelled to Amsterdam, the
heart of KPMG’s RPA operation to finalise our offering, we’re very
excited to be launching this service to the local marketplace”, explained
Simon Nicholas, Partner and Head of the firm’s digital service. “The
Isle of Man is a special place to all of us who live and operate from
here and we pride (and promote) ourselves as an island that is highly
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With the threats, risks, best practices
and technologies associated with IT and
business operations ever-changing, it was an
opportunity to brief members of the island's
business community on the topical issues.
Bryan Beesley, Senior Manager, KPMG Isle of Man