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Date
27 June 2014

Countering the invisible threat - securing confidential data in the digital age

In May 2014, the International Fraud Group (IFG) hosted a panel discussion on securing confidential data in the digital age.

Transcript

IFG - International Fraud Group

DIGITAL SECURITY. WHAT’S YOURS IS YOURS.

May 2014

Chair: Sir John McLeod Scarlett KCMG OBE

Panelists: Charles Farr OBE, Professor Ian Brown, Dr David Bailey

Gary Miller

Partner, Mishcon de Reya

IFG Co-Founder

Today’s event was a meeting of specialists in two different areas, legal specialists who are experts in fraud, the detection, the investigation of fraud and also specialists in the area of cybercrime.

Sir John McLeod Scarlett KCMG OBE

Chief, Secret Intelligence Service (MI6) 2004-2009

It is very difficult to protect against cybercrime you know, in a globalised society where not just everybody plays by a different rules but where everything changes so quickly and where the impact of what happens is so wide spread.

Lionel Tay

Partner, Rajah & Tann

IFG Member

Across the board you realise that we all have a shared common issue and problem which is to deal with the evolving technology, digital improvements and very, very clever criminal masterminds.

Professor Ian Brown

Oxford Internet Institute

As much as people are talking about cyber security risks, companies are still not investing enough into it and into combating those risks.  I would say the other interesting trend is the increasing levels of sophistication of the attackers, the kinds of vulnerabilities they are exploiting, the tools, the markets that they are using to sell information and expertise’s to each other I  think continue to rise.

Gary Miller

Partner, Mishcon de Reya

IFG Co-Founder

The IFG is an organisation which has bought together experts from various different jurisdictions who are specialists in fraud and cybercrime investigation and the value of that network, particularly the one that we have created is that people know each other, they know how each other works, they know what to do when they are called by another specialist.  This is a personal, specialised group of people who have been brought together in order to provide a seamless international solution to fraud, cybercrime in any degree of international misconduct.

Dr David Bailey

CTO, Cyber Security at BAE Systems

In order for business to reduce their risk of becoming a cyber-victim I would suggest three things.  The first is to actually understand where the risk is, where are your important assets, what you need to do to protect them.  The second is to make sure you have defence in depth, that you protect those assets and you are looking for those attacks, and the third and it is inevitable, security is that there will be breaches so make sure you have a plan to deal with a breach and a robust way to respond to that.

Robert Gold

Partner, Mishcon de Reya York LLP

IFG Member

The seminar is always fascinating and to some extent, even more frightening.  The notion that cybercrime and cyber enabled crime is a global problem and we live in a world where governments do not and cannot cooperate to make our world safer is truly upsetting and I want to know more about that problem tonight than I had ever imagined before.

Countering the invisible threat - securing confidential data in the digital age

IFG International Fraud Group

DIGITAL SECURITY. WHAT’S YOURS IS YOURS.

May 2014

www.internationalfraudgroup.com

@ifraudgp