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life-insurance

Half of firms hit by cyber security attack last year

Just under half of all British businesses were victim to at least one cyber security breach last year, according to a government report. The 2017 report, commissioned by the Department for Culture Media and Sport, found that 46 per cent of all businesses discovered at least one cyber security breach in 2016, with the average cost to firms ranging between 1,570 and 19,600. It pointed out that larger firms tend to incur much more substantial costs from cyber security attacks, which it said could reflect the increased complexity of the breaches, or because they have more sophisticated systems that are harder to repair. The report, which is part of the government s National Cyber Security Programme, warned that costs could come from the loss of customers, data or assets, handling customer complaints, and dishing out compensation, fines or legal fees. This comes after cyber experts warned1 that improvements to banks cyber systems could displace some of the threats onto other sectors, such as financial advice businesses. The cost can rise into the millions, with the loss often ultimately borne by the financial sector.

Marcus Scott

According to the government survey, only a third of the 1,523 businesses questioned have a formal policy on cyber security in place. However, it found that small businesses were more likely to have installed cyber security systems than they were last year, with almost a quarter now having formal processes in place, up from 15 per cent in 2016. The study, which was conducted in January and February this year, said this aligns with the increasing importance these smaller businesses now attach to cyber security. A positive picture was also painted in terms of the speed with which businesses identify breaches, with 90 per cent of firms recognising an attack within 24 hours.

The report found that 60 per cent of the 350 financial firms questioned outsource their cyber security to specialist providers. Marcus Scott, chief operating officer at think tank the City UK, said cyber security is increasingly becoming one of the biggest challenges facing businesses. While the average cost of a breach is 20,000, this can rise into the millions, with the loss often ultimately borne by the financial sector. Earlier this year, the City UK set up a task force to help boost understanding of cyber risk and encourage firms to take action to tackle the problem, such as working on system recovery issues and sharing best practices across other businesses. It also recommended that cyber security be managed effectively by boards, echoing advice in the report about the need for oversight of security issues at a board level. Other recommendations from the City UK included making sure cyber risk is a part of the entire business strategy. The government report found there were more breaches reported by those firms taking action to protect themselves, which it suggested could indicate that they are better at identifying when their systems have been compromised.

References

  1. ^ cyber experts warned (www.ftadviser.com)

Site Administrator – L-3 Communications

Kit 4 Security - Job Search
Join a dynamic team of skilled professionals!

MUST BE IN LOCAL COMMUNITING AREA! L-3 is a prime contractor in aerospace systems and national security solutions. L-3 is also a leading provider of a broad range of communication and electronic systems and products used on military and commercial platforms.

L-3 National Security Solutions (L-3 NSS) is one of four segments of L-3. L-3 NSS specializes in full-spectrum cyber operations, enterprise and mission IT, intelligence operations support, and operational infrastructure solutions. L-3 NSS is looking for the best (SOC) Service on Call Site Administrator.

The SOC Site Administrator will:

  • Provide administrative, general scheduling, and research support to the DIA SIA II Program at RAF Molesworth, United Kingdom.
  • This support includes quality assurance (QA), human resources (HR), travel and relocations, and program control support areas.
  • Manage day- to-day office work flow, interact with customers, employees and coordinate and prepare for meetings, conferences, and maintain files.
  • Assist with contract management activities to include monitoring compliance, organizing and maintaining all records regarding the contract, drafting letters, and QA of all contract management activities and materials.
  • Coordinate internal project management training, schedule training, prepare training materials, documenting training topics and course attendance.
  • Coordinate SUSLO, UK VISA, and Componency related activities for the group.
  • Perform all administrative functions determined by the Program Manager.
  • Provide weekly new hire report
  • Perform all HR responsibilities to include in/out processing and new employee orientations.
  • Assist employees in researching issues with pay and benefits
  • Keep master schedule of employees and other requirements determined by the Program Manager.
  • Coordinate and assist in travel, expense reports, and relocation requirements.
  • Assist in administrative management of performance reviews and leave tracking.
  • Maintain SUSLO listing and provide to government on a quarterly basis
  • Assist new employees in transitioning to the UK

Qualifications

MUST BE IN THE LOCAL COMMUTING AREA!

  • Relevant Experience (amount and type): 3 5 years experience conducting administrative functions or experience interfacing with a large number of people.
  • Preferred Qualification: College degree, familiarity with Microsoft Office suite of products

This position requires an active Secret Security clearance.

We offer a competitive benefits package to include: paid holidays, paid time off, medical, dental, vision, flexible spending account, long and short term disability and company paid life insurance, 401k Employee Stock Purchase Plan, referral bonuses and tuition reimbursement. Service-On-Call personnel are eligible to participate in the 401K program – not eligible for other benefits – Service-On-Call personnel are also considered Non-exempt L-3 NSS is an equal opportunity employer.

We encourage minorities, women, protected veterans and disabled individuals to apply. We maintain a drug-free workplace and perform pre-employment substance abuse testing to include background checks. EOE/Minorities/Women/Veterans/Disabled

Turn your interest into action, apply today! US Security Clearance Required :

Secret Schedule :

Full-time Shift :

Day – 1st Travel :

No

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Site Administrator – L-3 Communications

New kitemark for financial apps Shropshire Star

A new kitemark to help people identify apps and websites that they can trust with their personal and financial details has been launched.

Barclays’ pioneering Pingit mobile payment service and Barclays Mobile Banking are the first products to have been independently assessed in order to be awarded the new BSI (British Standards Institution) kitemark for secure digital transactions. Although the kitemark is initially being piloted within the banking industry, the BSI envisages that its use will be adopted by a wider range of firms – for example within the entertainment industry. Producers of websites or apps which want to achieve the kitemark will need to undergo “rigorous” testing to make sure their security controls meet the required standards for handling confidential data, the BSI said.

Those that meet the standards will be able to give customers confidence by displaying the kitemark on their products and in their marketing materials. They will be regularly monitored, and i f security levels are not maintained, the kitemark will be revoked until any flaws are put right. The move comes as people increasingly turn to the internet to carry out everyday tasks.

Three quarters (74%) of Britons now use the internet to do their shopping and just over half (53%) of adults now bank online, according to a recent report from the Office for National Statistics. The ONS found that around 38 million adults, equating to 76% of the population, go online every day – which is more than double the number of people who did so when comparable data started in 2006 Research carried out among more than 1,000 people for the BSI found that 30% of people do not trust apps as a secure way to manage their money, and 42% have concerns about the security of their personal data when shopping online.

Barclays’ Pingit service, which allows people to transfer money as easily as texting and is open to both Barclays and non-Barclays customers, has been downloaded more than three million times since its launch just before the 2012 Olympic Games. Alex Grant, managing director of fraud prevention at Barclays, said: “Millions of our customers are using mobile and online banking on a daily basis and the kitemark adds reassurance that the platform they are using meet the stringent security requirements. “Barclays recognise the need to grow consumer trust in using digital platforms and the BSI kitemark is a widely trusted mark to help this.

We’re proud to be the first business to gain the certification for its mobile banking apps to start with.” A life insurance product from Barclays recently became the first financial product to be awarded a kitemark for “doing what it says on the tin” as part of an initiative to make it easier for consumers to shop around for deals with no unexpected catches. The move followed a Treasury-commissioned review led by Carol Sergeant, a former chief risk officer at Lloyds Banking Group, which recommended a suite of simple and transparent financial products, which would also include savings accounts.

Maureen Sumner Smith, UK managing director at BSI, said: “More and more of us are now sharing confidential information through online shopping, mobile banking, booking flights, gaming, university applications or interacting with local government.

These behavioural changes from the physical to the digital demand the need for even more rigorous security measures.

“Many organisations have good information security processes already established, but by having their systems independently tested on a regular basis as part of the BSI kitemark process, they can clearly demonstrate to customers their commitment to safeguarding information.”