About & Facts
Peter Hacker is a multilingual Swiss cyber risk expert giving lectures and keynotes about the growing threat to politics, economy and society from crimes on the Internet and potential responses (AI).
Unprecedented changes require companies to be certain their strategies – from cyber security, (re)insurance to stakeholder management – match risk landscape developments.
It is no longer an ‚if and when‘ situation around a potential cyber attack. In far too many cases, intruders may well be in a company’s system having caused them unrecognised significant losses for too long.
Peter reports on such security vulnerabilities and technology developments that make the digital attacks possible or avoid them. For two decades he has been advising top managers of large banks, insurance, tech companies and local, regional organizations in their fight against the invisible enemy.
The past 15 months have shown us at Board Level that we have to be increasingly prepared for extraordinary, parallel risk situations that not only suddenly affect the global economy, but can also affect the everyday life of each and every one of us. Unparalleled risks such as pandemics, cyber and supply chain go hand in hand, and do not respect any kind of borders.
A clear evidence of the shift in digital criminals‘ tactics are recent massive ransomware, dedicated distributed denial of service (DDoS) and cyber espionage attacks causing in some cases material business interruptions and interferrences.
Cybercrime: Unlocking the mystery at Board Level
Five years ago, Cyber Security was not in front of minds of most boards. 10 years ago, most boards even did not know what the term meant. Today most boards are paying attention, some more than others. People are starting to realize whatever this thing is, and what it means. Chief Executive Officer can get fired.
Any Company or Director can become victim of Cybercrime at any time. It’s just a matter of ‘WHEN AND NOT IF’ an attack occurs. If you want to survive a catastrophic cyber incident in today’s world, you better think outside the classic IT–Security box, understand your fiduciary duties and stress test in real terms your response plan and incident partners. Cybercrime is a business and not just a technical issue. The enterprise is at risk if not handled appropriately.
Social organization: Quo vadis society?
The Lessons Learnt: 'Covid-19'
Whether by chance or consciously, the ‚real viruses'(Covid‐19),allow companies and risk teams to learn important lessons for their cyber security strategy. Attacks can also affect companies whose systems run current, regularly updated and properly patched software. Certain malware shows how important it is to restrict administrator privileges. A simple way is ‘leasing’ privileges so that employees who need them only have access to admin rights for a certain period of time.
Cybercrime and Cyber Warfare
The arms race backed by artificial intelligence and state–sponsored actors shifts towards corporations. This is a war without a classic warrior. It doesn’t matter whether it’s automatic or autonomous. Cyber weapons, like Tomahawk Missiles, are just as disastrous, but even faster and more fatal for balance sheets and nations.
Internet of everything: disruptive, global, complex
Artificial intelligence makes things of our everyday life come to life. These network with people, but also with things. It changes us all. Our society is evolving into a mega–computer that allows security measures to be taken while at the same time promoting growth, better understanding our customers and changing our society, but this comes at a price. Are we prepared to pay it?