Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Technology > WORRIED ABOUT BEING ATTACKED? YOU PROBABLY ALREADY HAVE BEEN
    Technology

    WORRIED ABOUT BEING ATTACKED? YOU PROBABLY ALREADY HAVE BEEN

    Published by Gbaf News

    Posted on February 7, 2014

    5 min read

    Last updated: January 22, 2026

    This image illustrates the increase in Germany's unemployment rate, reflecting economic malaise as reported in the article. It highlights the labor market trends and job demand issues affecting Europe's largest economy.
    Graph depicting rising unemployment rate in Germany amidst economic struggles - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    By Leon Ward, for Director Product Management for Sourcefire

    Vince Cable this week warned of the vulnerability of Britain’s essential services to a cyber attack and called for better IT security, but exactly how serious is the threat?

    Leon Ward

    Leon Ward

    The startling reality is that your business has already been attacked. Cisco’s Annual Security Report 2014 revealed that 100 per cent of corporate networks studied showing signs of malicious traffic. It is a cold hard statistic that highlights what the cyber security industry has known for some time, it is no longer a question of if you get attacked but when and for how long.

    Many of the high profile recent attacks on some of the world’s biggest businesses show just how long they have been going on and how much data has been lost. To steal millions of identities takes time and shows that the security teams in those businesses were probably unable to spot the data being extracted. The 2013 Verizon Data Breach Investigations Report revealed 66 per cent of organisations failed to identify breaches for months or years after they were compromised. Clearly cybercriminals are in it for the long-haul. Not only that, they are professionals, well resourced and will invest time and energy in finding a crack in defences and carry out their attack silently across the corporate network.

    The problem for today’s businesses is that everything is connected, which of course brings huge benefits to us all at home and at work, but it also presents huge opportunities for the hackers. The cyber criminal knows if they can get in via an employee’s personal iPad, the SCADA control system or even a third party supplier’s network they will be able to infiltrate business networks.

    Furthermore, most traditional cyber security solutions assert they will stop attackers getting into the network in the first place, but while firewalls and antivirus are essential to stop the broad-based attacks, they will not stop them all. The advanced malware and threats most businesses face will find a way through. So, as well as protecting the boundaries of the network, the business needs to have the ability to continually monitor its network and spot abnormalities in software applications operating in an unexpected fashion. Only by addressing the complete attack continuum – before, during and after, does the business have a chance to deal stopping an attack before too much damage is done.

    The findings of the Cisco report highlight the need for security professionals to change their mindset by looking at security and networks assuming the bad guys will get in, or indeed that they are already there.  Only then can they hope to deal with the inevitability facing businesses in today’s technology driven world. The security ‘game’ has changed, and if businesses do not recognise that change, they will end up attracting attention for all the wrong reasons.

    By Leon Ward, for Director Product Management for Sourcefire

    Vince Cable this week warned of the vulnerability of Britain’s essential services to a cyber attack and called for better IT security, but exactly how serious is the threat?

    Leon Ward

    Leon Ward

    The startling reality is that your business has already been attacked. Cisco’s Annual Security Report 2014 revealed that 100 per cent of corporate networks studied showing signs of malicious traffic. It is a cold hard statistic that highlights what the cyber security industry has known for some time, it is no longer a question of if you get attacked but when and for how long.

    Many of the high profile recent attacks on some of the world’s biggest businesses show just how long they have been going on and how much data has been lost. To steal millions of identities takes time and shows that the security teams in those businesses were probably unable to spot the data being extracted. The 2013 Verizon Data Breach Investigations Report revealed 66 per cent of organisations failed to identify breaches for months or years after they were compromised. Clearly cybercriminals are in it for the long-haul. Not only that, they are professionals, well resourced and will invest time and energy in finding a crack in defences and carry out their attack silently across the corporate network.

    The problem for today’s businesses is that everything is connected, which of course brings huge benefits to us all at home and at work, but it also presents huge opportunities for the hackers. The cyber criminal knows if they can get in via an employee’s personal iPad, the SCADA control system or even a third party supplier’s network they will be able to infiltrate business networks.

    Furthermore, most traditional cyber security solutions assert they will stop attackers getting into the network in the first place, but while firewalls and antivirus are essential to stop the broad-based attacks, they will not stop them all. The advanced malware and threats most businesses face will find a way through. So, as well as protecting the boundaries of the network, the business needs to have the ability to continually monitor its network and spot abnormalities in software applications operating in an unexpected fashion. Only by addressing the complete attack continuum – before, during and after, does the business have a chance to deal stopping an attack before too much damage is done.

    The findings of the Cisco report highlight the need for security professionals to change their mindset by looking at security and networks assuming the bad guys will get in, or indeed that they are already there.  Only then can they hope to deal with the inevitability facing businesses in today’s technology driven world. The security ‘game’ has changed, and if businesses do not recognise that change, they will end up attracting attention for all the wrong reasons.

    More from Technology

    Explore more articles in the Technology category

    Image for Debtist: Digital Debt Collection for Modern Businesses
    Debtist: Digital Debt Collection for Modern Businesses
    Image for Infosecurity Europe launches new Cyber Startup Programme to champion the next generation of cybersecurity innovators
    Infosecurity Europe launches new Cyber Startup Programme to champion the next generation of cybersecurity innovators
    Image for BLOXX Launches ĀRIKI BLOXX at Web Summit Qatar
    BLOXX Launches ĀRIKI BLOXX at Web Summit Qatar
    Image for Engineering Trust in the Age of Data: A Blueprint for Global Resilience
    Engineering Trust in the Age of Data: A Blueprint for Global Resilience
    Image for Over half of organisations predict their OT environments will be targeted by cyber attacks
    Over half of organisations predict their OT environments will be targeted by cyber attacks
    Image for Engineering Financial Innovation in Renewable Energy and Climate Technology
    Engineering Financial Innovation in Renewable Energy and Climate Technology
    Image for Industry 4.0 in 2025: Trends Shaping the New Industrial Reality
    Industry 4.0 in 2025: Trends Shaping the New Industrial Reality
    Image for Engineering Tomorrow’s Cities: On a Mission to Build Smarter, Safer, and Greener Mobility
    Engineering Tomorrow’s Cities: On a Mission to Build Smarter, Safer, and Greener Mobility
    Image for In Conversation with Faiz Khan: Architecting Enterprise Solutions at Scale
    In Conversation with Faiz Khan: Architecting Enterprise Solutions at Scale
    Image for Ballerine Launches Trusted Agentic Commerce Governance Platform
    Ballerine Launches Trusted Agentic Commerce Governance Platform
    Image for Maximising Corporate Visibility in a Digitally Driven Investment Landscape
    Maximising Corporate Visibility in a Digitally Driven Investment Landscape
    Image for The Digital Transformation of Small Business Lending: How Technology is Reshaping Credit Access
    The Digital Transformation of Small Business Lending: How Technology is Reshaping Credit Access
    View All Technology Posts
    Previous Technology PostDON’T GET LEFT OUT OF THE CLOUD REVOLUTION
    Next Technology PostSOCIAL MEDIA ‘NETWORTHING’ SITE SQEEQEE.COM OFFERS 5 TIPS TO DEFEND YOUR WEBSITE AGAINST HACKERS