Privacy and Switzerland are often seen as synonymous, and whilst Switzerland is no longer seen as a secrecy haven, protecting client data is still a badge of honour for the country. Data protection law in Switzerland has a level of protection like that of the EU Data Protection Directive, and in some respects, is reported to even go beyond EU Law, especially in relation to the protection of data pertaining to legal entities. But in an age of cyber-enabled crime, can Switzerland ensure that data is secure?....More
Can traditional risk management frameworks protect a firm from the ever increasing cyber threat? What role do financial crime systems and controls, requirements, business continuity, data loss prevention and traditional fraud prevention techniques play in the defence against sophisticated and targeted cyber attacks?
A Jumbo Jet only travels fifty times faster than a horse and buggy.....More
I recently delivered a presentation in Stockholm to corporate staff on the risks arising from poor social media use. During the Q&A I was asked about guidance for parents and teachers in relation to child online activities. The audience, drawn from a leading Swedish high-tech firm, told me that an estimated 50% of Swedish three-year-olds are regular Internet users with their own online identity in some shape or form. I found this statistic alarming.