It remains the continent’s largest gathering of information security professionals – with three days of keynote presentations and over a hundred hours of free education time. Not to mention the news announcements of hundreds of exhibitors.
But what have we learned from Infosecurity Europe 2014 so far?
Well, law enforcement is not yet properly equipped to tackle the growing threat of cybercrime. That’s the opinion of Troels Oerting, head of Europol’s EC3 centre, who opened the show on day one.
We were told that 70% of cyber attacks use malware that is not picked up by 40 of our major anti-malware solutions. We heard that last year cyber criminals spent an average of 229 days in company systems before being uncovered. And we heard that through the use of Bitcoin and private cloud streaming, attackers risk getting further away from being detected.
Attendees also learnt that attackers are going for less frequent, higher-profit exploits. The 2014 Information Security Breaches Survey, launched by PricewaterhouseCoopers (PwC) at the show, revealed that the average cost of the most serious data braches has almost doubled compared to last year. It was also claimed, in the same report, that 37% of companies still offer no security awareness tools.
What do these risks ultimately mean? The result of growing cyber war, as this article points out, is reduced European economic growth.
This is why one of the key themes of this year’s conference has been ‘security as a business enabler.’ Security professionals cannot sit outside the boardroom anymore. The results of a breach do not just affect IT but the whole business; in fact as delegates have claimed, it can result in bankruptcy.
Therefore, the need for government-industry collaboration on security strategy and mitigation is key. Infosecurity Europe’s own research report, released earlier this month, already outlined the need to share this kind of intelligence. Many of the show’s keynotes, such as Universities and Science minister David Willetts, have also echoed these feelings and revealed that UK investment in cyber security exports will rise to £2bn by 2016.
While on the show floor, Airbus Group provided details of a huge research project that will help aid this collaboration – uncovering and controlling vulnerabilities within our most critical infrastructures – such as water, transportation networks and banking systems.
The challenges for the security industry are therefore clear. But the show so far has underlined that steps towards progress are already being taken.
Finally, it’s worth pointing out that the Infosecurity Arms officially opened for business (Infosecurity Magazine). If you haven’t already been over to stand A50 for a pint – make sure you do. You deserve it.
Check out the highlights of day one below and hit us with your key talking points from the show so far, via the hashtag #infosec14