THE READY BUSINESS PODCAST: The business opportunities to stopping cyber crime
On this week’s show, Brian Purcell discovers that, despite the threat of cyber crime, there are unique business opportunities that exist for Irish businesses to develop.
“Cyber crime should not be seen as a threat, but rather an opportunity for business growth and innovation,” says Csaba Kiss Kallo, Vodafone’s Head of Connectivity, Mobility and Security Portfolio after a new report found that cybersecurity has evolved beyond simple protection of the status quo and is being used by companies of all sizes to support and accelerate innovation and growth.
“The good companies are using cyber security as an enabler,” agrees Len McAuliffe, PWC’s Director of Cyber & Security while tech journalist Jonathan Keane points out that Dublin and Cork are seeing more and more start-ups focusing on dealing with cyber security.
However, not all of senior management is protecting best practises in cyber management. According to the Vodafone report, 64% of Infosec executives surveyed are concerned that this lack of buy-in will directly and negatively impact the business.
The cyber threat is still a big worry for businesses and organisations with 61% of the Infosec decision-makers in Irish businesses surveyed worried about a direct cyber threat to their organisation.
‘Loss of data’, ‘network breaches’ and ‘reputational damage’ are the top three fears, with downtime and ransomware also featuring in the list, showing the broad variety of security issues facing businesses.
“In spite of the concerns surrounding these findings, our research indicates that having a strong cybersecurity process in place will drive future business success,” says Kallo.
You can check out the full Ready Business Podcast series here.