Silver Bullets and Security | CyberSecuritySpeak

Racepoint Global

Written by Mark Fowler, Client Director 

To trot out an overused but well understood saying: for every action there is an equal and opposite reaction.

After the WannaCry incident which hit the NHS (amongst many others) in May, it would only be a matter of time before the government started putting steps into motion to address these threats. Health Secretary, Jeremy Hunt, has announced a £21m fund to help major trauma centres – the likes of which deal with major disasters such as terrorist attacks – to help protect them against the same thing happening again in the future.

Ensuring that new systems are adequately protected against a growing cyber threat is a vital component of the NHS’s digitalisation. This will require investment and as such, the news coming out of the Government on Wednesday should be considered a positive. As ever though, there is always a caveat.

Firms can’t just throw money at cybersecurity like a rich parent and a spoilt problem child and expect the issue to go away. This is the advice of Mark Hughes, the Chief Executive of Security at BT (one of the UK’s most at risk businesses). A recent report from the telco and KPMG highlighted that many organisations are spending big money on IT security products in the expectation that’s all that needs to be done.

Companies like Verizon and Bupa – both of which were subject to data breaches recently – would do well to heed this advice as they plan their own reactions. It’s up to security vendors to educate them that security is more than a new piece of kit and or a box ticked. It’s an operational consideration. The companies that can tell that story are the ones most likely to succeed.


News Round-up

The Guardian

Hospitals to receive £21m to increase cybersecurity at major trauma centres

Following the WannaCry assault on NHS IT systems, the Service’s network of 27 major trauma centres will receive funding to shore up their cybersecurity.

New York Times

Apple Opening Data Center in China to Comply With Cybersecurity Law

In response to strict new laws on user data, the tech giant has partnered with a local data management company on a data centre in Guizhou province. 


Bupa Suffers Data Breach After Employee Error

An employee inappropriately copying and removing data from insurer’s systems has compromised details of over 100,000 customers.

The Verge

Verizon partner data breach exposes millions of customer records

Unprotected Amazon S3 leaves 6 million customer records exposed, although no theft of data or information occurred.

City AM

A silver bullet for Wannacry and Petya attacks? Firms warned over being lulled into a false sense of security over cyber security

Report finds that businesses are mistakenly ‘throwing money’ at cybersecurity in the expectation it will solve their problems


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