Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Ryanair hands O’Leary six-year extension

      Michael OLeary speaking at a Ryanair press conference, dressed in a suit, discussing the airlines latest business updates

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      F*** f*** f***: Tennis star Moutet fined £4k per F-bomb for Queen’s Club outburst on BBC

      News article image with diverse professionals in a corporate meeting discussing business strategy and innovation trends.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Wednesday 22 January 2020 4:51 am  |  Updated:  Tuesday 21 January 2020 6:05 pm

What lessons have we learned from a decade in cyber security?

By: Martin Lee

Add as a preferred source on Google
cyber security

A colleague recently asked me what I thought had changed in cyber security over the last 10 years. We agreed that it had certainly been a time of momentous change.

In 2012, there was the Shamoon attacks in the Gulf region. In one stroke, 35,000 computers were wiped and disabled within a matter of hours.

Five years later, the “WannaCry” virus ripped through IT infrastructure like wildfire, encrypting hundreds of thousands of computers in over 150 countries. Not only was the scale of the attack deeply concerning — it also took down vital services. Travel networks were affected, and medical appointments throughout the UK were disrupted.

The second large-scale incident of 2017, NotPetya, became the most damaging cyber attack in history, causing destruction estimated to be in excess of $1bn globally. The transport industry was hit hard, with ships stuck at port and staff having to ferry around pieces of paper to keep cargo moving. 

And just last year, our Cisco Talos researchers uncovered a global attack we named “SeaTurtle”, which compromised trust in the internet by undermining the DNS system that translates domain names into machine-readable IP addresses.

The media lens

Nobody could ignore the effects of WannaCry, but during the decade the media also helped increase awareness of cyber issues. Indeed, a ransomware attack became a plot device in the TV drama Grey’s Anatomy, while entire series such as Mr Robot and CSI: Cyber were devoted to cyber security.

Lessons in behaviour

The patter of the con man is as old as humanity, and over the past decade we’ve seen these weasel words increasingly transformed into online scams.  

Awareness of scams and malicious emails has risen thanks to bodies such as GetSafeOnline.org and the Information Commissioner’s Office, but the risk of falling for a phishing attack or clicking the link in a malicious email is never going to go away. 

Read more

Gambit Cyber Launches Vizier AI – An Autonomous Security Intelligence Workspace for Continuous Exposure Management

To be human is to commit human error. Indeed, despite working in cyber security, I personally fell for my own firm’s internal phishing test. At the very least, I learned that you can’t be complacent when it comes to security.

Fighting back

As cybercrime has evolved over the decade, so have our responses. The chief information security officer has emerged as the C-suite role responsible for protecting networks and systems.

The government has also stepped up. In 2010, the UK National Security Strategy rated cyber attacks as the highest level of threat. The government later published the “10 steps to cyber security”, giving practical advice on how organisations should manage and counter digital risks. In 2016, the National Cyber Security Centre was formed to provide a single point of contact for the government on cyber security matters.

And 2018 brought further legislative changes. The Network & Information Systems Regulations mandated that providers of essential services must implement security measures to prevent disruption due to cyber attacks. The EU’s General Data Protection Regulation has also promoted rights for individuals over their personal data, backed up with the possibility of heavy fines for transgressions.

It’s never over

It has been a hugely eventful decade for cyber security, and the battle against cybercrime is advancing. Eventually, our understanding will reach the point that cyber attacks will be things of the past. But the ingenuity of those who seek to cause harm by subverting technology means that, although we are progressing, there is at least another decade of battle ahead.

Sign up to CityAM’s Midday Update newsletter, delivered to your inbox every lunchtime

Main image credit: Getty

Read more

UK ministers tell UK businesses to ‘step up’ cyber defences

The ICO said it initially planned to fine Capita a total of £45m, but this was later reduced by “mitigating factors”

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News
  • Opinion

Categories

  • Opinion
  • Tech

Related Topics

  • Cybercrime
  • Data protection

Trending Articles

  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

  • More Big Four blues as Deloitte plans to slash UK audit roles

  • FTSE 100 Live: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

  • Baillie Gifford in line for Anthropic windfall just months after £3.6bn SpaceX bonanza

  • City investors raise alarm on Burnham’s Chancellor pick

More from CityAM

  • Gambit Cyber Launches Vizier AI – An Autonomous Security Intelligence Workspace for Continuous Exposure Management

    Business Wire
  • UK ministers tell UK businesses to ‘step up’ cyber defences

    Tech
    The ICO said it initially planned to fine Capita a total of £45m, but this was later reduced by “mitigating factors”
  • Fifa World Cup under major threat of cyber terrorism

    Sport Business
    GettyImages 158774123 showcases a relevant business meeting scene, highlighting diverse professionals engaged in discussion.
  • UK businesses struggle with triple threat of costs, cyber risks and stagnant growth

    Prof Services
    London office workers collaborating on AI and tech projects, surrounded by computers and digital interfaces in a modern wo...
  • The Debate: Should CEOs be held personally accountable for cyberattacks?

    Opinion
    Evil-looking keyboard symbolizing cybersecurity threats and hacking risks in a digital landscape.
  • M&S profit slumps in fallout from cyber attack

    Retail
    Microsoft headquarters building with company logo prominently displayed against a clear blue sky
  • Top spook says Russia ‘relentlessly targeting’ UK infrastructure 

    Tech
    GCHQ headquarters at dusk with illuminated windows, showcasing the iconic circular building amidst a vibrant evening sky.
  • Jaguar Land Rover eyes cost-cutting and wealthy buyers in cyber attack recovery

    Retail
    JLR logo prominently displayed in an automotive business setting, highlighting the companys brand presence and identity

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies