This week Trowers & Hamlins teamed up with Lloyds Bank and Gallagher to talk to a significant number of key players across the public sector about Cyber Security and what public sector organisations can do to protect themselves.
The event was kindly organised by Lloyds Bank's Education, Charities and Government team and was really well received and offered some tips to deal with what is one of the most important issues for the sector.
The key message was prevention is better than cure. Speak to anyone involved in cyber security and they will tell you that it is a question of when your organisation will be targeted rather if. There are many terrifying statistics about how likely an organisation is to be a victim of a cyber incident, how many security breaches there are, how many records are accessed or how much money is diverted by threat actors each month. The ways in which organisations are being targeted continues to evolve. The consequences of a cyber incident can be catastrophic for an organisation - it can cause numerous problems including financial, operational, regulatory, reputational and legal issues. It can take a long time to recover from a cyber incident and some organisations do not make it.
There are some simple things that every organisation can do to protect itself against an attack and to be ready should the worst happen.
We outline the key steps you can take in this update.
