If you do not get my newsletter (why not?) you may not know about Cyber Essentials or about the recent Report by IBM on the Cost of a Data Breach. I think both are things everyone with a computer should know about.
- The Government are promoting an initiative called Cyber Essentials which sets out the essential basic controls any business needs in order to make a reasonable effort to manage the cyber risk. For most people it is desirable to follow these guidelines in order to protect your business, but as from 1st October this year it is now a requirement if you want to do business with any branch of Central Government and will be required by other parts of the Public Sector soon.
The five basic elements are:
- Boundary Firewalls and Internet Gateways.
- Secure Configuration.
- Access Control.
- Malware Protection.
- Patch Management.
2. Regardless of compliance issues, please bear in mind that IBM have calculated that a data breach costs on average £95 per file compromised. This does not include the cost of fines or penalties imposed by the authorities. The biggest element in the cost is loss of reputation and hence loss of clients.
For information about my partner organisation for Cyber Risk Management go to www.metanoia-business-services.co.uk
For the full IBM Report go to www.ibm.com/services/costofbreach.
For more about my business go to www.jhmriskmanagementservices.co.uk