Daily Archives: 19/02/2014

Showsec secures new Wembley Arena security contract

Showsec has enhanced its reputation as the United Kingdom’s leading supplier of arena security by landing a major new contract with one of the country’s most iconic venues.

The crowd management and security specialists will run the Front of House operation at Wembley Arena in London after securing a three-year agreement to provide such services.

The 12,500-capacity venue remains one of a handful of globally-renowned arenas for music, sport and other live entertainment.

The increased profile at Wembley Arena adds to Showsec’s impressive line-up of arenas which includes those in Manchester, Leeds, Sheffield, Newcastle, Cardiff and Aberdeen.

Fantastic achievement for the company

“This is a fantastic achievement for the company and underlines the fact that we are Number One when it comes to event and venue security,” said Showsec’s director Simon Battersby.

“We have run the backstage security at Wembley Arena for many years now, so we’re delighted that we have been handed this opportunity to take on a more prominent role. It’s testament to our commitment to achieving the highest possible standards across all aspects of our work that we have emerged successful from this tendering process.”

Wembley Arena: an iconic UK venue

Wembley Arena: an iconic UK venue

John Drury, the general manager at Wembley Arena, said: “We have enjoyed an excellent working relationship with Showsec backstage at the venue. We look forward to building on that relationship in the Front of House environment where we expect to see a continued rise in customer compliments for our team.”

The new agreement with Wembley Arena will come into effect on Saturday 1 March and represents a significant development for Showsec’s recently restructured London office.

Showsec took the decision to divide this operation into three areas – East, West and Greater London – in response to the growth in business across the capital city.

Wembley Arena will fall under the jurisdiction of the newly-appointed area manager for Greater London, Louise Stockden, who is part of the management infrastructure put in place to ensure that Showsec continues to deliver high standards of service.

“We make a big commitment to helping individuals fulfil their potential and progress along a career path with our Management Development Programme,” added Battersby. “The fact that we can move forwards with confidence and secure prestigious agreements such as Wembley Arena is due to the development of our management infrastructure. Louise Stockden is a glowing example of someone who has successfully come through that programme.”

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IBM unveils security forensics capabilities to help protect critical data

New analytics and automation will assist any IT security team in quickly identifying and then defending against hidden threats.

IBM has announced a powerful appliance for helping organisations diagnose and defend their critical data and enterprise networks against sophisticated external attacks and unauthorised insider activities.

Since 2010, the IBM X-Force Trend and Risk Report has been reporting on the alarming rate of how cyber attacks continue to occur.

As data breaches impact organisations, the need to reduce detection time and investigate these threats before they can significantly impact the business is critical.

Cyber criminals often gain access to a corporate network weeks or months before actual data is compromised. According to the IBM X-Force Threat Intelligence Quarterly, to be released next week, in 2013 more than half a billion records of personally identifiable information were leaked through a number of attacks against strategic targets.

By detecting malicious activity much earlier, organisations can more quickly stop or reduce the potential loss of data.

IBM Security QRadar Incident Forensics: the detail

IBM Security QRadar Incident Forensics, a new software product designed as a module for the QRadar Security Intelligence Platform, can help security teams retrace the step-by-step actions of sophisticated cyber criminals.

By adding this forensics capture and search module to its QRadar Security Intelligence platform, IBM can further strengthen its clients’ abilities to efficiently investigate security incidents and understand the impact of any suspicious activity.

QRadar Incident Forensics provides a record of activity on the network, in turn enabling organisations to retrace suspicious activity, provide alerts to growing concerns and offer forensics search capabilities.

“Every breach is a race against time,” said Brendan Hannigan, general manager of IBM Security Systems. “This new forensics module expands the breadth and depth of IBM’s security intelligence capabilities. QRadar Incident Forensics further helps IT staff prevent emerging threats and better determine the impact of any intrusion.”

IBM Security QRadar Incident Forensics will help any member of an IT security team quickly and efficiently research security incidents or test for conditions associated with an observed attack pattern from an Internet threat intelligence feed such as X-Force.

By using this guidance, security teams can avoid spending valuable time searching through petabytes of network traffic, and potentially discovering nothing of immediate value. With QRadar, security analysts can quickly collect security data related to an incident.

Further announcements in Q2 2014

This solution is just one of IBM’s new initiatives aimed at expanding its security intelligence capabilities. In the second quarter of 2014, IBM will introduce new capabilities to help organisations better understand the threat landscape.

IBM Advanced Cyberthreat Intelligence Service will provide customers with insight into the threat landscape, targeted attacks and attacker tools, tactics and practices, incorporating IBM’s own research with that of strategic partners specialising in threat visibility.

Additionally, IBM’s Active Threat Assessment complements this ongoing threat intelligence and visibility. It leverages technical assessment capabilities and Best of Breed tools to identify previously unrealised active threats while also modeling threats to unmitigated vulnerabilities in an enterprise environment.

IBM Security QRadar Incident Forensics, which is currently planned to be available in the second quarter of 2014, is an integrated module in IBM’s QRadar Security Intelligence platform.

Also part of this announcement, IBM is now allowing existing QRadar clients to test this solution as part of a beta program.

About IBM Security

IBM’s security portfolio provides the security intelligence to help organisations holistically protect their people, data, applications and infrastructure.

IBM offers solutions for identity and access management, security information and event management, database security, application development, risk management, endpoint management, next generation intrusion protection and more.

The company operates one of the world’s broadest security research, development and delivery organizations, monitoring 15 billion security events per day in more than 130 countries and holding more than 3,000 security patents.

For more information on IBM security visit: http://www.ibm.com/security

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PwC Global Economic Crime Survey 2014: ‘Staff frauds on the rise’

PwC’s Global Economic Crime Survey 2014 states that the number of frauds committed by staff as opposed to those outside of an organisation has risen from 34% in 2011 to 41% in 2013.

The survey also shows that the profile of the typical fraudster is changing. Previous surveys found that middle management were often behind economic crimes. Now, the findings reveal that most economic crimes carried out by someone inside an organisation are by junior members of staff.

According to the survey of over 5,000 businesses (including nearly 400 from the UK), internal fraudsters are most likely to have been with a company less than five years.

Ian Elliott, PwC’s forensic services partner and author of the new report, commented: “Our survey shows the changing face of white collar crime in Britain today. More and more companies are feeling the pain as economic crime continues, despite ongoing attempts to tackle it. Organisations need to be ever-vigilant for suspicious transactions.”

UK businesses continue to suffer financially from fraud

UK businesses continue to suffer financially from fraud

Elliott added: “People may be feeling the effects of increases in the cost of living, giving them more incentives to turn to crime. As such, employers need to make it difficult for their staff to commit crimes. They cannot afford to be complacent.”

Watch a video of PwC’s Ian Elliott outlining key points uncovered by the survey

Type of fraud is changing

The survey findings record a fall in the number of UK organisations reporting economic crime, from 51% in 2011 down to 44% in 2013. However, fraud in Britain is still higher than the global average of 37%.

The type of fraud is also changing, with less accounting fraud as fraudsters turn to high-tech ways of committing economic crime. At the same time, companies have improved their internal controls and, as such, have made life more difficult for potential fraudsters.

Infographic showing key findings of the latest PwC research

There has been a small drop in the reported level of cyber crime which, at 24%, is down from 26% in 2011. Cyber crime was also responsible for 24% of all reported frauds.

UK businesses are more aware of the risks than ever – and more aware than their global counterparts (63% compared to 48% globally).

“Many people may not be reporting cyber crime simply because they don’t know it has happened, or because they want to keep it contained,” explained Elliott. “They are concerned about what effect it has on their reputation. It’s also important to remember that it’s not a technology problem. It’s a human problem, and the internal threat needs to be taken as seriously as the threat from outside an organisation.”

Less than a third of Board members (32%) reported fraud in their organisations, but below Board level this climbed to 63%.

For the purposes of the PwC survey, economic crime is described as: “The intentional use of deceit to deprive another of money, property or legal right”

For the purposes of the PwC survey, economic crime is described as: “The intentional use of deceit to deprive another of money, property or legal right”

“Increasingly,” continued Elliott, “we’re seeing fraud on the Board’s agenda but there is still a gap between what is being reported by the Board and the reality of what is taking place in British business today.”

Changes to policies and procedures

UK businesses continue to suffer financially from fraud. 52% felt the financial impact had increased in the last two years compared to 42% globally, but high value financial losses in the UK were lower than on the global stage (at 15% compared with 20% suffering losses in excess of $1 million).

As a result of the Bribery Act, which came into force in 2011, 87% of British organisations have made changes to policies and procedures and 37% have had a major overhaul of their anti-bribery policies.

“With little or no growth in the UK in the last few years, many British companies have looked overseas to some high risk markets,” outlined Elliott, “but they need to be on the alert for the potential bribery risks they may face when operating in these markets.”

UK businesses take a dim view of fraud and, in 88% of cases, it leads to dismissal compared to 79% globally. The police were called in to companies in 63% of cases compared to just 49% of frauds around the world.

In conclusion, Elliott explained: “When employees just receive a warning, or are transferred to another department, it sends out a message: the business tolerates fraud. However, UK bosses have taken a stand. They will not let employees get away with defrauding them, even if it means negative publicity for them as a result.”

About the survey

For the purposes of the survey, economic crime is described as follows: “The intentional use of deceit to deprive another of money, property or legal right”

In the UK, 372 people responded to the online survey. Respondents are from a mix of different sectors and represent listed, private and public sector organisations

60% of respondents to the PwC survey were senior executives

For the full UK and global report visit: http://www.pwc.co.uk/crimesurvey

To watch the live webcast at 11.00 am on Wednesday 19 February go to: http://www.pwcplayer.com/webcasts/2014_02_global_economic_crime_survey

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