A cybersecurity expert has warned firms must recognise cyber attacks as a “clear and present danger”, as the Central Bank fined an asset management company after it lost €650,000 of a client’s funds in an online scam. Chief executive of Smarttech247, Ronan Murphy said companies had to accept cybersecurity as an essential part of modern business, as Appian Asset Management was fined €443,000 and reprimanded by the regulator for admitting “significant breaches across client asset, anti-money laundering, and fitness and probity regulation”.
ORIGINAL SOURCE: Irish Examiner
