John O’Loan is CEO at iOMedia Group LNS. After launching Sky News, he assisted in the launch and operations of more than 40 other news, sport and documentary channels around the world. He holds an Executive Masters Degree in Culture Change at HEC Paris and The University of Oxford. In this article, he discusses how companies can best protect themselves from cyber threats.
Unlike a car crash, a ransomware attack is most likely uninsurable. So, the effects on a major media enterprise, production company or post facility can be totally devastating. Here’s why we should all be concerned, however big or small an organisation.
The sudden shift to remote working within the media industry saw an incredible turnaround, with workflows being instated quickly to ensure that quality content creation could continue. Existing media tools were adapted to enable workers from around the globe to access content and contribute to production, all whilst the industry came to terms with wider logistical challenges. A quick rollout of infrastructure saw big changes in how the industry managed their assets; suddenly, data that would have been very difficult to access needed to be available to workers from their homes.
Even with the global cost of online crime reaching $6 trillion by 2021.
Even with 50% more cyber-attacks per week on corporate networks in 2021.
Even with the world’s most influential technology leaders claiming cybercrime to be the greatest threat to every company in the world.
…the fact of the matter is most broadcasters are woefully underprepared when it comes to protecting their businesses from cyber-attacks. And this is a big problem.
The recent IABM report on content security trends in conjunction with our good friends at Axinom made for some interesting reading. As Roger Thornton mentions in his summary article, perhaps the most surprising takeaway is the discrepancy between a stated intention to invest in content, and a far lower priority in investment in content security technology to safeguard against the theft of that content, especially given the financial, operational and potentially creative resources that will be required to produce or acquire it. As Roger summarises, this seems counterintuitive, but budgets are finite and it could be argued that prioritizing content over business processes is where dutiful media providers should concentrate their majority resource.
Media companies are connecting across more platforms, services, and networks all the time and securing content or broadcast/streaming data has never been more important… and more difficult.
The issue of cyber security hits on many levels – corporate, product, system and individual. All of these are apparent within the Broadcast Industry with attitudes as well as actions to cyber security increasingly changing, driven in no small part by the rapid adoption of new cloud-based workflows and ‘direct to consumer’ strategies. Below the UK Members’ Council have been given 30 minutes to ‘debate’ two opposing statements around cyber security and what it means for the Broadcast industry.
Cybersecurity has become an increasing concern over the past decade as a result of several high-profile attacks and organizations need to secure valuable data.
In the right hands, metadata is the essence that can drive articulate orchestration of content production workflows inter- and intra-organisation. It enables nuanced decision making leading to the right data, in the right place at precisely the right time.
IABM’s CEO Peter White will bring to the table industry questions covering sustainability, diversification, work from home, along with how is AI/ML changing their products, services and business operations. Let’s see how four CEO’s each covering distinctive aspects of the industry will forecast the future of the industry.