Niche merchant bank launches cyber security division
Jim Armitage is the City editor of The Independent and London Evening Standard group of newspapers. He has been a reporter and editor for more than 20 years and was recently shortlisted for the Press Gazette financial journalist of the year and The Society of Editors financial journalist of the year awards. He contributes news, investigative reports and comment to the Independent titles plus a daily column in the Evening Standard.
Tuesday 16 July 2013
A niche merchant bank today launched a cyber security arm to advise clients on beating attacks on their computer networks.
Privately-owned Salamanca has teamed up with the specialist firm Si Secureview, whose previous clients have included US government agencies, multinationals like Pepsi and banks including Citigroup.
The joint venture will manage Salamanca clients’ IT networks to protect them from infiltration attempts by hackers.
Salamanca claims to model itself on the old-fashioned banking model of investing in businesses while working closely with them on managing their risks by helping with due diligence and security of staff in dangerous places.
It says clients have been increasingly requesting assistance on cyber security.
Those in the oil and minerals industry have become most concerned, particularly since suspected Iranian intelligence operatives hacked into the systems of Saudi Aramco last year.
Salamanca said customers were now viewing cybercrime with similar high importance as political risks and physical security.
Heyrick Bond Gunning, MD of Salamanca, said: “Cyber security is a growing and ever complex threat for both large and small companies, with the potential to cost them hundreds of thousands of pounds and irreparable reputational embarrassment. As we have seen from recent high profile attacks, it is vital that businesses are able to protect themselves from potential threats and in the case of penetration, are able to swiftly respond and remediate threats before they impact the security and reputation of a business.”
- 4 Women think Irish men are the sexiest, survey finds
- 5 Florida couple forced to register as sex offenders for having sex on public beach
Italian police 'reveal' what Jesus looked like as a young boy
Who should I vote for in the general election? Take The Independent's interactive quiz to find out which party is the right choice for you
Florida couple forced to register as sex offenders for having sex on public beach
Mysterious 'X-Files' sounds heard miles above the Earth
Met Gala 2015: Jason Derulo falling over in epic fashion, the event's most talked about moment, wasn't what it seemed
In defence of liberal democracy
General Election 2015: Post-election 'shambles' looms as 70 per cent of voters say SNP 'should not be able to veto UK government policies'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
iJobs Money & Business
£60000 - £70000 per annum + benefits : Ashdown Group: A highly successful, glo...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£27 - 35k + Bonus + Benefits: Guru Careers: A Management Accountant is needed ...
£40-50k + Benefits.: Guru Careers: A Project Manager / Business Analyst is nee...