Infosecurity Europe 2024 report highlights growing cyber threats
Infosecurity Europe has released further findings from its 2024 Cybersecurity Trends, Obstacles and Opportunities report, shedding light on the growing pressures faced by cybersecurity leaders due to ransomware and AI-generated attacks. According to the report, nearly 40% of those surveyed indicated that these issues are driving increased investment in cyber defences. This highlights the urgent need for organisations to stay ahead of evolving threats.
As cyber attacks become more frequent and sophisticated, businesses are allocating greater resources to enhance their resilience and protect against these evolving threats. This increased investment underscores the critical role of cybersecurity in safeguarding sensitive data, maintaining customer trust, and ensuring business continuity.
The persistence of ransomware remains a significant concern. Infosecurity Europe, set to take place at ExCeL London from 4-6 June 2024, will address the issue comprehensively. As cybercriminals increasingly exploit vulnerabilities in software, hardware, and human behaviour, it is crucial to raise awareness about the significant risks to organisational security and stability. The threat landscape has become more diverse and dynamic, with attacks targeting critical infrastructure and sophisticated phishing campaigns aimed at stealing sensitive data.
Keynote sessions at the event will delve into these pressing topics. One notable panel discussion, "Ransomware - Time to Decide - Will You or Won't You Pay?" will take place on Thursday 6 June from 10:55 to 11:25. Jon Davies, Senior Director of Cyber Defence at News Corp, will be joined by Paul Peters, Detective Superintendent and Managing Director of The Cyber Resilience Centre for Wales, and Gareth Bateman, UK Cyber Growth Leader at Marsh. Moderated by James Coker, Deputy Editor of Infosecurity Magazine, the panel will explore the ongoing debate surrounding ransomware payments.
"Ransomware attacks have become increasingly prevalent and continue to pose a significant threat to organisations. As cybercriminals evolve their tactics, it is crucial for organisations to be prepared with effective response and recovery strategies. We aim to provide attendees with the knowledge needed to make informed decisions and mitigate the impact of ransomware incidents," said Jon Davies, Director of Cyber Defence at News Corp.
Another notable session, "Crisis Management: Responding to the Unimaginable," will be held on Thursday 6 June from 14:05 to 14:45. Jennifer McGhee, Chief Information Security Officer of Element Materials Technology, will examine the immediate response following an attack. Moderated by Paul Watts, Distinguished Analyst and vCISO at the Information Security Forum, Jennifer will join a panel featuring Paul Mackie, Chief Information Security Officer of Fern Trading, Stuart Seymour, Group CISO and Chief Security Officer at Virgin Media O2, and Tomas Roy, Director of the Cybersecurity Agency of Catalonia. The panel will discuss internal procedures post-attack, examining the methods and vulnerabilities exploited and assessing the effectiveness of the response and recovery actions to refine security strategies.
"As a CISO with firsthand experience of facing a cyber attack, I understand the critical importance of crisis management. Cybersecurity incidents can have far-reaching consequences, impacting not only operations but also an organisation's reputation and customer trust. Businesses need to be prepared with a robust incident response plan," said Jennifer McGhee. She emphasised the need for clear communication, collaboration, and coordination among stakeholders during a crisis.
Infosecurity Europe will feature various sessions that explore ransomware, offering valuable insights and updates. Industry experts, thought leaders, and cybersecurity professionals will discuss the latest trends, strategies, and best practices to combat ransomware attacks. Attendees will gain crucial knowledge on decision-making in ransomware situations and essential updates to stay ahead of this evolving threat.