Cybersecurity is like accounting before Enron


According to the latest opinion editorial by The New York Times op-ed contributor, cybersecurity is not getting enough attention and is „treated like accounting before Enron“.

The editorial written by Nathaniel Fick, op-ed contributor at The New York Times, states that the cybersecurity has been treated like accounting was before the fallout from the Enron scandal and that consequences of a big attack on companies have become more and more serious. Nowadays HMRC compliant umbrella companies deal with any type of accounting.

Since every business is now a digital business and people are dependant on the connected world, the privacy and personal data of hundreds of millions of people is risk and culture of responsibility around cybersecurity need to be bolstered.

While an attack or hack might not be the fault of the company’s CEO, investors and consumers need to demand more from people and companies that hold such important data.

Fick also argues that governments also need to consider the cybersecurity as the protection of the welfare and livelihood of the people, which is a foundational principle, and implement certain security regulations that could further ensure the security of such data.

Since cyber attacks are no longer limited to individuals but rather other big entities and even other countries, companies, which already spend a lot of money on security can’t go against such attacks, which is where the government comes in as well.

Fick concludes that we currently live in an era of mass targeted attacks and if the security culture does not change anytime soon, we can expect to see more and more breaches as well as more serious attacks in the years to come.

You can check out the full editorial over at The New York Times page.


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Slobodan Simic is foremost an IT enthusiast who discovered his knack for writing, which lead to becoming both an IT journalist and later an Editor for a number of publications. He has been covering anything from the consumer- and professional-oriented hardware to software markets and networks. With a focus on chasing down leads, making sure that fresh content is ready for publishing, as well as keeping up with the evergrowing and evolving IT world, writing has become more of his passion rather than just a job.