The potential for cyber attacks will always rank as one of the top concerns for professionals. Over the decades, cyber attacks have gone from a headache for the IT department to something that can bring down an organization.
While it's now a bit trite to say it's not a case of if a business is attacked but when, with groups like LAPSUS$, LockBit, and Cl0p regularly targeting companies of all sizes the odds are increasingly in the criminals' favor.
In this episode Jane is joined by Charles Henderson, Global Head of IBM X-Force, to discuss the threats that the UK and other countries face, and how they can be tackled.
Highlights
“Think of threat actors as any other business. They're looking to adhere to sound business fundamentals and diversify what they're doing so that if one thing falls out of favor or fails, they have something to fall back on. “
“You have a thriving financial and manufacturing sector in the UK. And that's important because manufacturing was the number one attacked industry globally, and finance was number two.”
“If the world stood up today and stop paying, criminals would find it another way to monetize breaches. It's a good industry for them, it's profitable for them. What really needs to happen here is, we need to disrupt their market, to tip the balances of their business.”
Footnotes
- The rise of double extortion ransomware
- Ransomware: Why do businesses still pay up?
- What is ransomware?
- IBM Security X-Force Threat Intelligence Index 2023
- Cyber attacks on UK organisations surged 77% in 2022, new research finds
- What is phishing?
- Five giveaways that show an email is a phishing attack
- Standardized information sharing framework 'essential' for improving cyber security
- ‘Borderline irresponsible’ attitude to third party risks must change, says expert
Subscribe
- Subscribe to The IT Pro Podcast on Apple Podcasts
- Subscribe to The IT Pro Podcast on Google Podcasts
- Subscribe to The IT Pro Podcast on Spotify
- Subscribe to the IT Pro newsletter
- Subscribe to IT Pro 20/20
-
Anthropic CEO Dario Amodei's prediction about AI in software development is nowhere nearly to becoming a realityNews In March, Anthropic CEO Dario Amodei claimed up to 90% of code would be written by AI within six months – his prediction hasn't quite come to fruition.
-
Veracode bolsters leadership team for next growth chapterNews The application security vendor has named Anthony Barkley as chief strategy officer and Diana Bushard as general counsel
-
Let’s talk about digital sovereigntyIn the age of AI and cloud, where data resides is a key consideration
-
Can cyber group takedowns last?ITPro Podcast Threat groups can recover from website takeovers or rebrand for new activity – but each successful sting provides researchers with valuable data
-
July rundown: Salt Typhoon and SharePoint scaresITPro Podcast US public sector organizations are under serious threat from the state-backed hacking group
-
Can the UK ban ransomware payments?ITPro Podcast Attempts to cut off ransomware group profits could instead harm businesses
-
We need to talk about operational technologyITPro Podcast Groups like Volt Typhoon are abusing poor hygiene in critical infrastructure to pre-position for attacks
-
RSAC Conference 2025: The front line of cyber innovationITPro Podcast Ransomware, quantum computing, and an unsurprising focus on AI were highlights of this year's event
-
April rundown: MITRE frights and Microsoft launches Recall (again)ITPro Podcast As CISA delivered an eleventh-hour reprieve for the CVE database, AWS reportedly began to pause some data center leases
-
The new era of cyber threatsITPro Podcast With AI-powered attacks and state-backed groups, security teams face face a new wave of sophisticated threats
