Cyber security is a topic that’s coming up more and more often in conversations about online behaviour. Ecommerce is no different. With the recently rolled out GDPR regulations, ignoring customer data protection might cost your company as much as 4% of its annual revenue in fines. And that’s not even taking into account the risks of hacking, leaking sensitive business information or ransomware. One thing is clear – cyber security can not be ignored when doing business online.
To learn more about the latest cyber security trends we have visited one of the largest cyber security events in Baltic States – Baltic Cyber Security Forum.
This year the main topic at Baltic Cyber Security Forum was privacy. With the recent massive scandals at Facebook and Cambridge Analytica, Fairfax data leak and others, the topic could not be more relevant. There were really interesting keynote presentations with topics ranging from IT infrastructure security to adapting AI and machine learning for next-generation of Cyber Defence. Also, a roundtable discussion about the future of the internet brought up some really interesting questions and insights from cyber security experts.
However, we visited the conference not only to learn, but to share our knowledge as well. Living the eCommerce life means we have to be up to date with the most important security and privacy information. After all, we are responsible not only for ourselves, but for our clients too.
We sure did learn a lot about cyber security in this event and will definitely put this knowledge to good use. One of the main takeaways from the conference was the importance of education in cyber security, as many companies spend thousands on security tools without educating the people who will be using those tools, essentially pouring their money down the drain. Another extremely important aspect of cyber security in general is choosing the right priorities and maintaining balance when facing a choice between convenience and security. What are your thoughts on this question? Let us know in the comments below!