FinTech Magazine June 2020 | Page 52

CYBERSECURITY
52 organisation , Beardsley has seen much change . “ The most significant ,” he says , “ certainly over the last five or 10 years , is the moving of significant amounts of information into the cloud and having a really good infrastructure provided by Microsoft or Google , for example .
“ For most , it ’ s just so much better than running your own racks of servers ; everyone is awful at that and , if it ’ s not your business , you ’ re doubly bad ,” he continues . “ But at the same time , that change also alters the potential threats for your organisation , and has everyone now concerned about a host of technologies and risk factors that didn ’ t even exist 10 years ago .”
Aside from this key change , Beardsley relates that phishing is still the number one cyber risk for enterprises , explaining that “ if you can solve phishing , you solve 90 % of your problems – it ’ s that simple . Network segmentation is one way of combating it ,” he continues , “ and you do get some notion of that with the shift to the cloud because , on the most basic level , it ’ s not on your premises – it ’ s Google ’ s
JUNE 2020