Cyber security? More important than ever!

The number of attacks on companies by cyber criminals has increased significantly, especially in recent months. Our first web conference, "Cyber Morning", clearly demonstrated the risks involved, especially in the home office, and how risky the disposal of a smart light bulb alone can be. For all those who could not attend, here is a summary of the most important statements

As a highlight of this year's 'European Month for Cyber Security', Perseus hosted the online conference "Cyber Morning" in the last week of October. The more than 130 participants were offered an extremely varied cyber morning - with lectures, insights and analyses from experts in the areas of cybercrime, data protection, incident management and cyber insurance.

Current cyber risk situation

Right at the beginning, Chief Inspector Peter Vahrenhorst from the LKA North Rhine-Westphalia, who is, in his function, also responsible for cybersecurity prevention, gave us an impressive overview of the current hot spots, the number of which is increasing all the time, especially due to the ongoing digitalization. Vahrenhorst makes it clear that even small everyday objects, such as the thoughtless disposal of a smart LED light bulb, can become a cyber security risk.

Companies must act on data breaches

Dr. Carlo Piltz then explained the legal aspects that companies need to consider once they were attacked by cyber criminals: If, for example, data should fall into the hands of unauthorized third parties, the company must act and inform the relevant authorities - regardless of whether the data breach was intentional or unintentional. The security gaps do not have to be created within the company itself. Suppliers and other partners in the value chain can also become a source of risk.

Panel: The appropriate emergency management

During the discussion panel, our guest speakers exchanged ideas on the important topics of emergency management, emergency prevention and the right cyber insurance protection. The reason for all evil is often the missing emergency plan, state the experts like FINLEX managing director Sebastian Klapper, Katja Eicher, auditor at VdS Schadenverhütung and Julian Krautwald from Perseus. Companies are often not sufficiently prepared for an emergency. Yet many insurers consider such an emergency plan to be a basic requirement for concluding a cyber policy.

"The two worst things you can say about cyber security are: 1. it doesn't affect my company, and 2. we've always done it that way."

Sebastian Klapper - Cyber Morning, 29.10.2020

Ransomware attack as live demonstration

According to a recent study on cyber security published by Perseus in October 2020, 80 percent of hacker attacks occur via e-mail, with phishing and ransomware attacks being the most common types of attack in 2020.

Perseus Head of Incident Management, Julian Krautwald, demonstrated this morning how precisely such an attack takes place and what exactly happens during a cyber attack with a live demonstration of a ransomware attack. In the next step, he analyzed how companies should best act in cyber emergencies and what tasks IT forensics should take over in an emergency.

Data protection and cyber security in the home office

Since the first Corona lockdown in mid-March, every second employee has been working at least partially in the home office. The move to the home office, which was at that time sometimes quite hasty, caused a huge leap forward in digitalization for many companies, for which the companies would have needed five years under normal circumstances. Unfortunately, security measures were often neglected at that time in order to protect the home office sufficiently from cyber attacks. Stratos Komotoglou, Business Leader Cyber Security at Microsoft, explained during our online conference which measures companies have to take in order to be able to guarantee data protection and cyber security in the home office - know-how that can be enormously helpful especially during the new Lockdown Light.

Risk landscape 2021: Threats on the rise

Furthermore, Silvana Rößler took a glance into the future and presented the 2021 risk landscape. The trend indicates that the danger from cyber attacks will continue to rise. In particular, increasingly complex software applications, cloud storage and non-transparent supply chains will cause the risk to grow in the coming months and years.

We thank all participants and speakers and look forward to the next "Cyber Morning".

All keynotes can be seen here - anytime anywhere.



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