Fighting cyberattacks through radical transparency

06/12/2023 | Financial Times

An interesting article in the Financial Times discusses the slow response of governments in insisting on information sharing to build a complete picture of cybercrime and subsequently offer non-judgemental support to companies in order to minimise the damage from cyberattacks. The article highlights that disclosure policies may be trying to discourage ransomware payments by removing the option to make it all quietly go away. Ciaran Martin, former head of the UK’s National Cyber Security Centre (NCSC), commented that despite its imperfections, the EU General Data Protection Regulation (GDPR) has eliminated a problematic right to conceal an issue, which is a positive development. Ultimately, the need to understand a cyber attack at speed, judge its severity, and agree on a potentially embarrassing disclosure is transforming corporate planning around handling incidents. This should encourage greater focus and investment in resilience and ensure that cyber concerns are keenly felt and well-understood at the very top of companies.

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