Market insight—Cyber-Attack: All Eyes On Your Data

Johannes Stillig, Head of Cyber at the reputation and privacy crisis consultancy, Schillings, sets out the steps that family businesses and their executives need to take to mitigate the risk of a cyber-attack and the loss of private and confidential information. 

In your experience, how are family businesses performing when it comes to cyber security?

Johannes Stillig: Progress is certainly being made. Prominent cyber-attacks in recent years have brought cyber security to the fore, and in instances where we’ve assisted clients with their cyber security arrangements, we’ve seen a significant increase in their understanding of the threats they face. That said, there is a risk that complacency is creeping in due to the sheer magnitude of cyber-attacks being reported in the media. People are simply becoming desensitised to the issue.

Furthermore, just installing a high-end security solution doesn’t mean that you can sit back and relax; because building higher technical defences will only

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