UK’s big busi­nesses un­der threat from cy­ber at­tacks

Pakistan Observer - - ECONOMY WATCH -

LON­DON— Two- thirds of big UK busi­nesses have been hit by a cy­ber­at­tack in the past year, with most of the at­tacks in­volv­ing viruses, spy­ware or mal­ware, cost­ing mil­lions of pounds, ac­cord­ing to gov­ern­ment re­search. A quar­ter of large firms ex­pe­ri­enc­ing a cy­ber breach did so at least once a month, ac­cord­ing to the Cy­ber Se­cu­rity Breaches Sur­vey.

Com­ment­ing on the fre­quent cy­ber at­tacks on UK firms, Dig­i­tal Econ­omy Min­is­ter Ed Vaizey said it was “ab­so­lutely cru­cial busi­nesses are se­cure and can pro­tect data”. In some cases the in­ter­net- linked at­tacks cost mil­lions of pounds.

The sur­vey’s re­sults have been re­leased along­side the gov­ern­ment’s Cy­ber Gov­er­nance Health Check, launched fol­low­ing the TalkTalk cy­ber at­tack in Oc­to­ber last year, the BBC re­ported. The phone and broadband provider, which has over four mil­lion UK cus­tomers, said some of their bank­ing de­tails and per­sonal in­for­ma­tion could have been ac­cessed in the breach.

In light of these sur­veys, busi­nesses are now be­ing urged to pro­tect them­selves bet­ter. Vaizey said: “The UK is a world- lead­ing dig­i­tal econ­omy and this gov­ern­ment has made cy­ber se­cu­rity a top pri­or­ity. “Too many firms are los­ing money, data and con­sumer con­fi­dence with the vast num­ber of cy­ber at­tacks. It’s ab­so­lutely cru­cial busi­nesses are se­cure and can pro­tect data,” Vaizey said.— Agen­cies

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