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Cyber-security is a business issue, not an IT issue

Some have said, only half-jokingly, that an innovation only gets the investment they need to be perfected once the arms industry has seen a need for it. More worryingly, there is now good evidence that much of the innovation is being driven by increasingly organised, sophisticated and well-resourced cyber-criminals.

For example, one of the world’s first encrypted wireless network was created by a Mexican drug cartel. Submarines that cannot be detected by radar have been developed by, and are being manufactured on behalf of, international smuggling syndicates. And then, of course, there are the software developers that create the software that allows hackers to access any system, from a power plant, oil refinery or similarly vital site to a bank. The Bangladeshi central bank recently lost more than $80million. [1]

[1] IT News Africa

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