...and this doesn't even take in to account IoT!
It is not surprising to see several big names in the Insurance Sector push for a 'Cyber Re,' to be funded by the government and provide an additional safety net for the sector. However, given the increasing number of connected devices and the potential weakness of security at any point, does Cyber Re need to come about as a result of global collaboration?
Mobile device security is the Achilles heel in the UK: the country’s security professionals gave a failing grade to their ability to assess cyber risks related to mobile devices (rated “F” in UK, and “D” globally). The inability to even detect transient mobile devices in the first place (rated “D”) was another big challenge for the UK’s security practitioners, who scored themselves lower than the global average. While most global respondents believe they have the tools in place to measure overall security effectiveness, scoring “B-,” this view isn’t mirrored in the UK, where survey respondents assigned a “C+.” Cloud vulnerability management and risk assessment is another key concern for Brits, with the ability to assess risks in cloud infrastrucuture (IaaS) and cloud services (SaaS) earning a “D” and “D+” respectively.