The Need for a Well Organized Response to Cyber Attack

A recent cyber attack in the Republic of Korea on 20th March 2013 on June 20, 2013 and then on the 25th of 2013 highlighted the need for systematic response to cyber attacks. The cyber attack (and its response) crosses the boundary between the public sector and the private sector. Depending on the possible motives, attacks may require correspondence: police, supervisory authorities, or even worst case military and intelligence. Information sharing between these entities is becoming increasingly important.

Today, cybercriminals are more organized and motivated than at any time in history. Attacks on organizations are easier than ever. Criminals have been organized and now offer cyber crime (CaaS) as a service. CaaS is a tool kit or service that you can purchase to attack people or organizations. They target known abuses. Without proper repair, maintenance, and full-time staff, organizations will be more vulnerable than ever. Fortunately, Exchange Online has world class cyber crime protection.

Cyber ​​attacks are increasing all over the world as the value of online migration progresses and the spread of digital data has progressed. According to the cyber security venture investment report, the global cyber security market in 2004 was worth $ 3.5 billion and the estimate in 2017 exceeded $ 120 billion in 2004. The cyber security market has grown by about 35 times over 13 years due to cyber crime activity that has never been before. McMaster University survey estimates that 7 million Canadians will be victims of identity theft in 2011 and the annual cost of identity theft in Canada will be close to $ 1.9 billion. It is estimated that in 2015, 86% of large Canadian organizations were subjected to cyber attacks. According to reports from Canada and around the world, cyber attacks have succeeded in stealing industry and country secrets, personal data and other valuable information.

Despite the proliferation of cyber threats and the possibility of cyber attacks, researchers have discovered that organization leaders often do not understand the threats and needs of cyber security. In the survey on network incident response by Ponemon Institute, it was found that only 20% of the IT security experts surveyed were in frequent contact with managers on threats. In addition, only 14% of these people say that executive management is involved in the incident management process. The authors of the study noted that the involvement and lack of consciousness of organization managers may raise funds for cyber security measures and make it difficult to obtain company-wide leadership support did.