Cyber security is a pressing concern for businesses and will become more so as the online world develops. Senior management and their information security teams are fighting back against the cyber attackers, but the onslaught continues. Despite the additional support businesses receive from industry associations, solutions vendors and consultants – as well as from governments, NGOs and research institutes – the attacks persist and many of them succeed.
The internet of things will exacerbate the problem, with attackers able to disrupt more people and businesses through more devices. At the same time, governments are introducing new laws and regulations to require companies to do more to protect themselves, and their customers, from security breaches. While company bosses can see the need for tougher rules on data protection and personal privacy, these new rules create an additional burden. For instance, the EU/US Privacy Shield improves protection for Europe’s citizens whose data is kept on US servers, but it places strict obligations on American companies on how that data is processed and people’s privacy guaranteed.
The FT Cyber Security Summit USA will explore the cyber threats facing corporate America, and what they are doing to alleviate them. Leading experts will talk about a range of issues, including legislation aimed at improving cyber security, the responsibilities of corporate boards and senior management, data protection, the pressures facing chief information security officers in banking and other critical infrastructure, national security concerns, cyber terrorism and the emerging threat posed by the Internet of Things. Speakers will grapple with the big question: Is corporate America losing the cyber wars?