Bill Of Rights – Looking Back to 1987
The Constitution of the Republic of the Philippines was ratified by a nationwide plebiscite on February 2nd 1987, Section 1 of Article III of the Bill of Rights states the following…
“No person shall be deprived of life, liberty or property without due process of law, nor shall any person be denied the equal protection of the law”
A ‘Bill of Rights’ is a list of the most important rights to the citizens of a country and these rights must be protected against any kind infringement by officials or other citizens. As we look into this year and beyond there is a threat that seeks to exploit innocent citizens behind the glass of a computer screen… making the current problem we have in our hands a very difficult one. That is… ransomware, phishing and social engineering carried out by online ‘bad guys’ and smart hackers who are trying to get access to your personal information and data.
Take a moment to digest the following shocking statistics…
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61% of CEOs are concerned about cyber security
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56% of organisations have been compromised without ever being detected
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3 in 10 organisations don’t have incident response plans
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Due to rapid digitisation, cybercrime costs have quadrupled. It is predicated that the cost of cybercrime will be 2 Trillion Euro globally by 2019
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The average cost of fraud to organisations in Ireland has increased from €498,000 in 2014 to €1.7m in 2016
Organisations are under pressure to keep up with the latest security threats and there’s no better place to start the fight other than the frontline.
Who is on the frontline?
Good question… your employees!
Training and awareness is key to not fall victim to cyber-attacks. Employees at all hierarchical levels must be able to recognise a potential attack when they see it. Plan to dispense cyber training on the topics of email phishing, the importance of updating software to the latest versions and educate on basic network security. The thought that an innocent click on a link within an email that opens a can of cyber worms can make company executives feel uneasy to say the least.
In response to the rising concern over how data and personal information is stored and used, the EU Parliament has passed a new regulation which will come into effect in May 2018. GDPR seeks to bolster the rights of individuals and inflict tough financial penalties for non-compliance.
The question to ask yourself is this – ‘How will our organisation respond to breaches?’
GDPR is not all about technology, it’s about your people and your processes, if we ‘clean’ up our data and only store what we need, we are already well on the way to full GDPR compliance! Read more about GDPR on our blog.
If you have any queries on how to effectively protect your data, don’t hesitate to get in contact.
Michael
(Sources – PWC Economic Crime Survey 2016, PWC Irish Economic Crime Survey, Forbes)