14th June 2016

Cyber Security Briefing for Dublin – Growing Cyber Attacks on Irish SMEs

Irish SMEs have never been more vulnerable to cyber threats, according to Magnet, the organisers of a Cyber Security Briefing taking place in the Aviva Stadium, Dublin, on June 15th next.

Guest speakers include Pat Moran, Head of Cybercrime & IT Forensics at PwC, and Stuart Borgman, Director of Cyber Security Engineering at the world’s fastest growing network security company, Palo Alto Networks.

The frequency of cyberattacks against Irish businesses has risen from 25% in 2012 to 44% currently, considerably higher than the global average of 32%.  According to PWC’s 2016 Irish Economic Crime survey, as well as the rate of cyberattack on Irish business almost doubling since 2012, the cost associated with cybercrime has jumped too.

Also addressing the Cyber Security Briefing, Mark Fielding, ISME CEO, will outline the challenges Irish businesses are facing with rapidly evolving technology platforms, and the security risk that can present.

On-going threats include ransomware, data breaches, identity theft and fraud.

A breakfast briefing, with free registration, the cyber security forum coincides with the launch of MAGNET PROTECT, the ultimate integrated security platform developed by The NextGen Group. The solution has at its core Palo Alto Networks the leading global security platform, now available from Magnet for all customers.

Mark Kellett, CEO of Magnet, the third largest provider of business telecoms in Ireland, will outline the significant advances represented by Magnet Protect, in securing valued data assets and critical control systems.

Legacy technologies and over reliance on anti-virus software are actually now part of the problem, the Magnet CEO says.

“A lot of existing safeguards are no longer adequate, and our new ways of working pose a threat too.  Staff having access to multiple devices (laptops, tablets, smartphones etc.) and using them in multiple locations, not just the office, as well as the adoption of cloud-based technology, are all creating a perfect storm of vulnerabilities for Irish business”, Mark Kellett says.

As a broadband provider Magnet is in a critical position to help protect businesses from cyberattacks, before they even enter a network.

The Irish business partnered with the industry pioneers in next generation firewalls, California headquartered and the 5 year in a row Gartner Magic Quadrant Leader, Palo Alto Networks, to offer Irish companies access to the world’s leading cyber security platform.

This will be the first time, globally, that SMEs will have access to enterprise level security by using the cloud based Magnet Protect solution, powered by Palo Alto Networks.

The potential of cyberattack is worrying Irish businesses, according to Magnet Network’s Regional Business Barometer from January 2016 last.  The survey found that businesses are more concerned in 2016 (20%) than they were the same time last year (4%).

Not having been attacked or breached doesn’t mean a business’s existing security infrastructure is good enough, and waiting until a breach to put proper measures in place is too late, the experts say.

Businesses wishing to register for the Magnet Cyber Security Briefing, taking place in the Aviva Stadium, Dublin, on Wednesday June 15th next at 7:15am, can get more detail on OR click here to register:

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