HOMS Solicitors and award-winning tech firm ActionPoint, joined forces at the Savoy Hotel, Limerick, on 25th October to deliver a ‘multi-pronged’ breakfast briefing on Cyber Security and the mounting threats facing business owners in Ireland.
The event, which was attended by CEOs and business owners from the region, brought together a number of leading cyber security experts, who shared insights and best practice business advice, including how to manage IT risk, corporate governance and the practicalities of cyber insurance.
Norman Newell, Sales Director of Renaissance, a cyber security mitigation specialist with over 25 years of industry experience, talked about IT protocols, firewalls and staff training. Martin Adams of Arachas (cyber insurance specialists) helped attendees to grasp the importance of cyber insurance in relation to phishing, fraud and ransomware, as well as a means to protect against business loss.
Michael Murphy, Partner and Head of Cyber Risk and Data Protection at HOMS Solicitors, completed the session, with an overview of the myths prevalent in cyber security, providing guests with a robust and practical approach to front line business defence. Michael advised,
“Company directors need to be aware that cyber-attacks can have large and far-reaching consequences particularly if businesses are fined. In some cases, company directors can be held personally liable.”
ActionPoint CEO David Jeffreys said,
“Cybercrime in Ireland is on the increase. According to PWC’s Economic Crime Survey 2018, 61% of companies surveyed had experienced cybercrime (up from 44% in 2016). This is almost double the global average. While these figures might seem alarming, business owners still need to remain positive and proactive. We advocate an holistic approach. Robust firewalls and AI-enabled threat defence systems only go so far, user education and boardroom responsibility are also key to success.”
For further information contact Michael Murphy, Partner, Cyber Risk and Data Protection Unit.