Friday, 28 June 2019

BAE Systems launch vision to fight cyber fraud - The Intelligence Network

BAE Systems Intelligence Network

Better cyber hygiene is one of the key objectives highlighted in The Intelligence Network’s vision for tackling cyber fraud, launched this week.

As a corporate supporter of The Intelligence Network from BAE Systems, Firebrand's roster of elite cyber security instructors have helped contributed to- and shape this new report.


A vision for change in the fight to tackle cyber fraud 


This marks a turning point in the fight against cyber fraud. The Intelligence Network, a coalition of 1,500 industry experts, has identified tackling cyber fraud as a major priority in its mission to make the online world a safer place, and has just launched its vision for change.

The vision follows an intensive six month research programme, collating extensive input from experts across industry, academia, government and law enforcement.

"The process has been inspirational and stimulating, and on behalf of The Intelligence Network I’d like to thank everyone at Firebrand for their involvement. Our commitment, as we continue to evolve our thinking, is to keep working together to engage our community in everything we do," says James Hatch, Director, Cyber Security Services at BAE.

The vision maps out the changes necessary to significantly reduce society’s vulnerability to this crime. The Intelligence Network wants to stimulate change in four problem areas:

1. Endemic attacks: There is currently a culture of ‘going through the motions’ when it comes to cyber hygiene. This is coupled with an ‘ease over security’ attitude where people do the minimum to protect themselves, and leads to the endemic data hacks that make cyber fraud so pervasive.

The prevailing mind set in cyber security is that organisations should think about “when” not “if” they suffer a successful cyber attack. But the high number of attacks is making it too easy for criminals to access the data they need to commit fraud.

2. Operating in silos: while there is some sharing of information between security teams and fraud teams, sharing across functions and industries is limited and joint action is rare.

3. The cyber to fraud gap: effective cyber security, counter fraud and law enforcement are all critical to tackling cyber fraud, but are currently treated as ends in themselves and have their own objectives and terminology.

4. Social engineering: The ability of criminals to deceive people is at the heart of both cyber attacks and fraud. Most current effort goes into training people to make near impossible judgements, rather than making their tasks easier. 


How can you get involved


The Intelligence Network will be working closely with members and stakeholder communities to establish an action plan to make the vision a reality. If you haven’t yet got involved, now is the perfect time.

To become a member of The Intelligence Network, to find out more about the vision for tackling cyber fraud, and to get involved in building the action plan, get in touch with The Intelligence Network team.