Financial Impacts of Cyber Crime
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Questions and Answers

Which of the following is the focus of the module on cybersecurity?

  • The offensive side of cybersecurity
  • The defensive side of cybersecurity (correct)
  • The basics of cybersecurity
  • The financial impacts of cyber crime

    • What is the purpose of the National Cyber Security Centre's 10 Steps to Security?

  • To describe strategies to prevent cyber attacks
  • To list financial impacts of cyber crime
  • To define security maturity
  • To provide a security strategy approach for organizations (correct)

    • What are the common approaches organizations take to respond and recover from cyber attacks?

  • Preventing cyber attacks
  • Detecting cyber attacks (correct)
  • Using threat intelligence sources
  • Using symmetric and asymmetric cryptography

    • What are the three key properties of secure communication?

    <p>Confidentiality, integrity, and availability</p> Signup and view all the answers

    What is the cost of cyber crime to organizations?

    <p>Hard to predict in advance and very damaging</p> Signup and view all the answers

    What is security maturity?

    <p>A measure of an organization's ability to defend against cyber attacks</p> Signup and view all the answers

    What is symmetric and asymmetric cryptography used for?

    <p>To ensure secure communication</p> Signup and view all the answers

    What is threat intelligence?

    <p>Information about potential cyber threats</p> Signup and view all the answers

    What are the learning objectives of this module?

    <p>To prevent cyber attacks</p> Signup and view all the answers

    What does the module focus on in relation to cybersecurity?

    <p>The defensive side</p> Signup and view all the answers

    According to the 2022 Cost of a Data Breach Report, what is the average global total cost of a data breach?

    <p>$4.35M</p> Signup and view all the answers

    What has been the percentage increase in the cost of a data breach since 2015?

    <p>14.8%</p> Signup and view all the answers

    What is the biggest contributor to the costs of a data breach?

    <p>Lost business</p> Signup and view all the answers

    According to the Hiscox Cyber Readiness Report 2021, what proportion of firms reported cyber attacks in 2021?

    <p>43%</p> Signup and view all the answers

    Which sectors were the hackers' favorite targets according to the Hiscox Cyber Readiness Report 2021?

    <p>Technology, media and telecoms (TMT), financial services, and energy</p> Signup and view all the answers

    What percentage of the average firm's IT budget is now devoted to cybersecurity according to the Hiscox Cyber Readiness Report 2021?

    <p>21%</p> Signup and view all the answers

    What percentage of the firms reporting cyber attacks had to deal with a ransomware demand according to the Hiscox Cyber Readiness Report 2021?

    <p>16%</p> Signup and view all the answers

    What percentage of the firms targeted by ransomware paid a ransom according to the Hiscox Cyber Readiness Report 2021?

    <p>58%</p> Signup and view all the answers

    What metaphor is used to describe a cyber attack in the text?

    <p>A pollutant in the environment</p> Signup and view all the answers

    What is the key driver for the cybersecurity industry according to the text?

    <p>Rising costs from direct impacts and fines</p> Signup and view all the answers

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