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Cyberattacks: A major new challenge for business
By The Forex Review - 01 / April / 24
114
Dominick Bell
Following significant cyberattacks on various government administrative websites in France, the Bank of France hosted a symposium as part of Financial Education Week 2024.
Digital transformation is presenting businesses with new obstacles, and cyberattacks are one of the main challenges that companies must address to secure their operations.
Lieutenant Colonel Jean-François Lalouyer, representative of the national cyber unit of the Gendarmerie, emphasized during the symposium that companies should not ask themselves if they will be the target of cyberattacks, but when they will happen. The statement came shortly after a recent wave of computer attacks on French government websites.
According to the 2023 activity report of Cybermalveillance.gouv.fr, a national system to help victims of cyberattacks, ransomware attacks rose to a four-year high last year. These attacks consist of infiltrating victims' networks, stealing data, encrypting files and demanding a ransom for their release. In 2023, 7% of the 280 000 requests to the Cybermalveillance.gouv.fr helpdesk came from businesses. However, it remains difficult to determine the exact number of cyber fraud incidents affecting businesses, including presidential scams and ransomware, and their economic impact.
"We have a fragmented picture. Business owners are often hesitant to report incidents because of a sense of shame," explains Mark Botorel, national cybersecurity reporter for the Confederation of Small and Medium Enterprises (CPME). "While not all ransomware attacks are successful, the ones that do occur cause tremendous damage, adds Lt. Col. Laloyer. In addition, the financial impact on companies is compounded by the loss of trust from partners and customers. When a service provider of a large corporation falls victim to an attack, it undermines trust in the entire supply chain," he elaborates. The ransomware market continues to grow rapidly and become increasingly competitive, making it accessible to small-scale cybercriminals who indiscriminately target different types of victims, posing a threat to the most vulnerable businesses, as Cybermalveillance.gouv.fr emphasizes.
Marc Botorel emphasizes that the return rate of phishing campaigns on the Internet is only "10 per 10 000" and stresses that "cybercrime remains profitable and will continue".
Scenario Check
In the face of this threat, experts say there are effective solutions. According to Mark Botorel, "taking certain measures is simply a matter of common sense": using strong, unique passwords for each account, two-factor authentication, installing anti-virus and firewall software, and backing up data offline. He asks the rhetorical question, "Would you behave in the digital world the same way you do in real life? Would you have one single key that unlocks your house, car and bank account and then make copies of it to scatter around?" According to Laurent Verdier, director of awareness for the website Cybermalveillance.gouv.fr, the key to effectively countering cyberattacks is preparation. This includes staying informed, developing a methodology, raising awareness among employees and seeking professional help.
"Conducting crisis management exercises is crucial, agrees Marc Botorel. "It's important to plan how to respond to an attack and 'model the scenario'." Do I have an emergency contact email? How will I inform employees and customers? How will I file a complaint?" - he says. While cyber risk is gaining prominence in insurers' assessments, it remains a "nascent market," says Mark Botorel. "You know how to respond to a fire; your survival is at stake," adds Lt. Col. Laloyer.
For your safety, we have compiled a blacklist of brokers.
Dominick Bell
Dominick Bell is 37 years old.
Born in Manchester. Married.
Graduate of The University of Manchester, Manchester Business School.
Works at Cases Computer Simulations.
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Comments (0)
What have I learned to take into account in my first year with Delta Markets - risk limits, order sizes, emotions (getting angry– you will lose even more), planning – always, always plan your trading, stop loss levels – your forecast can be wrong, just admit this, and, mainly, THE TREND. Trading against it was my most recent mistake…
Boyd Mark 16.11.2020
I wonder how many people evaluate their risk per trade in % or in dollar amounts. All learning courses almost cry - measure your risks, set your goals, plan your trading… I asked many times and only one or two confirmed they really think about this. Unfortunately, many people do not know their % of risk, and then they whine on the forums.
P. Evan 21.11.2020
Can anybody advice on planning? It seems I have a money keeping problem. As you see I set a financial goal of 100 pips per week. I cannot reach it every week. Sometimes I do more but often I finish losing it all. How can I avoid losses? I plan everything carefully and try to follow my plan and control emotions and yet I keep opening orders that end up as a failure. Trading on USD/JPY
Gregory Oliver 26.11.2020
Always work with professionals. Let us be frank, 90% of the people talking about broker trading know nothing about it. If you google Delta Markets, you’ll find dozens of reviews and some of them really weird. My experience is only positive, and I suppose the authors are just weak.
Stafford Nicholas 30.11.2020
I hate making analysis for trading activities. I am not good in math and all these calculations make my head burn. So, my experience in this field is quite limited. I can use indicator and advisers but never make predictions by myself. My proficiency is somewhat questionable. Here with Delta Markets I feel safe even this way though.
Townsend Jacob 02.12.2020
Ye, this experiment lasts for... three months, I guess? For this time, I was in close business relations with this company. I feel pretty good about this. They are very friendly to the new traders, always helpful, always professional. The experience was really pleasurable, and I loved every moment of it. The only thing to notice is withdrawal for 12 hours, but that’s good enough for most traders I think
Copeland Richard 08.12.2020
I avoid long discussions in comments and just wanted to tell a big “Thank you” to the customer care service team. Thank you, ladies, you have been most helpful all this time. I am almost in love with the voice I have heard by phone. Thanks Lord, I am really glad that I've chosen your company. I hope for a long-term cooperation and my personal trader’s success.
Fields Harry 11.12.2020
I'm looking to develop my trading activities further. I was looking for a strong broker in order to do that... Now I am here. For the first steps everything looks nice, but I still have some concerns. What do you think about them, guys? Are they any good? I don't need no too sophisticated advices, just share your personal experience with me, please.
Fisher L. 15.12.2020
This broker suits me, I get support on a daily basis. I started without any knowledge at all. It was very scary! I came to trading from scratch, just by reading success stories on the Internet. If so many people can achieve something, why not me? In any case, I try not to risk large sums. It is more important for me to participate and learn to trade, this is my priority. Would definitely recommend this team!
Tobey 19.12.2020
I've been making money online for over 10 years now. I started by doing some small assignments from sites and getting very little reward for my work. About three years ago, I started earning satoshi on online games, but it turned out little. It was always just a side job, more for the sake of excitement. Now I have the hope that online trading will bring me real profits. I'm just building my strategy. This broker helps me a lot to understand all the nuances of the market.
Sol Mckee 24.12.2020
If you want a normal broker, do as I do. I selected a service for myself according to the following criteria: is the interface clear? is customer support working well? do they provide sensible advice? are there any features I need? are there any problems with getting your profit on hand? I went through several options and found my own - this broker is definitely the best.
James Perkins 29.12.2020
Let's start with the good: you can make money here. The more invested, the more income. This market is what it is. Profit depends not so much on luck as on the ability to react to trends correctly and on time. Cons: like many brokers, there are problems with the withdrawal of profit. The wait can take hours. But not for a day! Tolerable.
Shanay Dalton 05.01.2021
I was prepared for the possibility of problems with the withdrawal of money. They usually write about this service that there are no delays of up to a day or more. My longest delay so far was 10 hours 40 minutes. I've encountered this before on other sites. I think this is a rule of thumb. Withdrawal speed depends on many factors and network congestion.
Ewan Davison 09.01.2021
I heard that last month there was a problem on a similar site - users could not get their money, which was stuck in the account for a week. Does anyone know what the reason was there? Does it happen here? I have only been working with this broker for about two weeks. Reviews usually sound good, but I haven't run into problems myself yet. So far I like everything.
Anil Lucas 14.01.2021
I do not know the market and trends. And I'm not sure if I need to study this in detail. For three months now I have only been making money with this broker. Not millions, of course. But I will soon be able to start accumulating. Now it is very important, look what is happening in the world!
Davey Cunningham 19.01.2021
I am calm about my assets. I am sure that with this broker you can safely invest, participate in trading and get your profit. With such a competent approach, one can hope for maximum efficiency. Your skills are also absolutely important. It's just nice to have such a partner.
Gabriel O'Sullivan 25.01.2021
What have I learned to take into account in my first year with Delta Markets - risk limits, order sizes, emotions (getting angry– you will lose even more), planning – always, always plan your trading, stop loss levels – your forecast can be wrong, just admit this, and, mainly, THE TREND. Trading against it was my most recent mistake…
Boyd Mark 16.11.2020I wonder how many people evaluate their risk per trade in % or in dollar amounts. All learning courses almost cry - measure your risks, set your goals, plan your trading… I asked many times and only one or two confirmed they really think about this. Unfortunately, many people do not know their % of risk, and then they whine on the forums.
P. Evan 21.11.2020Can anybody advice on planning? It seems I have a money keeping problem. As you see I set a financial goal of 100 pips per week. I cannot reach it every week. Sometimes I do more but often I finish losing it all. How can I avoid losses? I plan everything carefully and try to follow my plan and control emotions and yet I keep opening orders that end up as a failure. Trading on USD/JPY
Gregory Oliver 26.11.2020Always work with professionals. Let us be frank, 90% of the people talking about broker trading know nothing about it. If you google Delta Markets, you’ll find dozens of reviews and some of them really weird. My experience is only positive, and I suppose the authors are just weak.
Stafford Nicholas 30.11.2020I hate making analysis for trading activities. I am not good in math and all these calculations make my head burn. So, my experience in this field is quite limited. I can use indicator and advisers but never make predictions by myself. My proficiency is somewhat questionable. Here with Delta Markets I feel safe even this way though.
Townsend Jacob 02.12.2020Ye, this experiment lasts for... three months, I guess? For this time, I was in close business relations with this company. I feel pretty good about this. They are very friendly to the new traders, always helpful, always professional. The experience was really pleasurable, and I loved every moment of it. The only thing to notice is withdrawal for 12 hours, but that’s good enough for most traders I think
Copeland Richard 08.12.2020I avoid long discussions in comments and just wanted to tell a big “Thank you” to the customer care service team. Thank you, ladies, you have been most helpful all this time. I am almost in love with the voice I have heard by phone. Thanks Lord, I am really glad that I've chosen your company. I hope for a long-term cooperation and my personal trader’s success.
Fields Harry 11.12.2020I'm looking to develop my trading activities further. I was looking for a strong broker in order to do that... Now I am here. For the first steps everything looks nice, but I still have some concerns. What do you think about them, guys? Are they any good? I don't need no too sophisticated advices, just share your personal experience with me, please.
Fisher L. 15.12.2020This broker suits me, I get support on a daily basis. I started without any knowledge at all. It was very scary! I came to trading from scratch, just by reading success stories on the Internet. If so many people can achieve something, why not me? In any case, I try not to risk large sums. It is more important for me to participate and learn to trade, this is my priority. Would definitely recommend this team!
Tobey 19.12.2020I've been making money online for over 10 years now. I started by doing some small assignments from sites and getting very little reward for my work. About three years ago, I started earning satoshi on online games, but it turned out little. It was always just a side job, more for the sake of excitement. Now I have the hope that online trading will bring me real profits. I'm just building my strategy. This broker helps me a lot to understand all the nuances of the market.
Sol Mckee 24.12.2020If you want a normal broker, do as I do. I selected a service for myself according to the following criteria: is the interface clear? is customer support working well? do they provide sensible advice? are there any features I need? are there any problems with getting your profit on hand? I went through several options and found my own - this broker is definitely the best.
James Perkins 29.12.2020Let's start with the good: you can make money here. The more invested, the more income. This market is what it is. Profit depends not so much on luck as on the ability to react to trends correctly and on time. Cons: like many brokers, there are problems with the withdrawal of profit. The wait can take hours. But not for a day! Tolerable.
Shanay Dalton 05.01.2021I was prepared for the possibility of problems with the withdrawal of money. They usually write about this service that there are no delays of up to a day or more. My longest delay so far was 10 hours 40 minutes. I've encountered this before on other sites. I think this is a rule of thumb. Withdrawal speed depends on many factors and network congestion.
Ewan Davison 09.01.2021I heard that last month there was a problem on a similar site - users could not get their money, which was stuck in the account for a week. Does anyone know what the reason was there? Does it happen here? I have only been working with this broker for about two weeks. Reviews usually sound good, but I haven't run into problems myself yet. So far I like everything.
Anil Lucas 14.01.2021I do not know the market and trends. And I'm not sure if I need to study this in detail. For three months now I have only been making money with this broker. Not millions, of course. But I will soon be able to start accumulating. Now it is very important, look what is happening in the world!
Davey Cunningham 19.01.2021I am calm about my assets. I am sure that with this broker you can safely invest, participate in trading and get your profit. With such a competent approach, one can hope for maximum efficiency. Your skills are also absolutely important. It's just nice to have such a partner.
Gabriel O'Sullivan 25.01.2021