JONATHAN LEE
RISK & RESILIENCE
JONATHAN LEE
TITLE: DIRECTOR OF CYBER STRATEGY
COMPANY: TREND MICRO INDUSTRY: CYBERSECURITY
Jonathan Lee is a respected cybersecurity professional and strategist. He is highly experienced in all matters related to the UK’ s public sector and CNI cybersecurity landscape.
organisations of all sizes, from the largest, to the very smallest. No one is immune from this threat.”
Deutsche Bank analysts estimate that M & S has lost around £ 30m( US $ 39.9m) so far, with ongoing weekly losses of £ 15m( US $ 19.9m). Its share price has also dropped by around £ 750m( US $ 997.8m) in value since Easter. While insurance may help cushion the blow, it can’ t replace the dent to customer experience or the reputational risk of a breach of trust.
While M & S struggles to reboot, the wider sector is already feeling the impact. The retail sector, say experts, has been slow to modernise its cybersecurity approach.
Jonathan Lee, Director of Cyber Strategy at Trend Micro, explains:“ Retailers are an attractive target for hackers … they’ re targeted because of the large amounts of valuable PII [ personally identifiable information ] they process and the integral nature of business uptime that makes ransomware and extortion attacks particularly disruptive.
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