Cyber security big risk for businesses

Cyber CrimeThe Department for Business, Innovation and Skills (BIS) has published an updated 10 Steps to Cyber Security guide click here to read the guide, which shows businesses how to combat cyber threats. A report from GCHQ details the common cyber-attacks used against industry by cyber criminals and how to stop them.

BIS has also published research showing that UK companies are improving their response to cyber threats. The results of the annual Cyber Governance Health Check for FTSE 350 companies shows increased awareness and action, along with areas for improvement.

The fourth annual Allianz Risk Barometer survey found that cyber crime, IT failures, espionage and data breach comprise the third most important business risk for UK companies, moving from up seventh place last year.

Business and supply chain interruption, and loss of reputation or brand value were the first and second perceived biggest risks, according to the survey, which talked to global businesses and risk consultants. Allianz said although awareness of cyber risks was increasing, many companies still underestimate the different impacts. Budgetary constraints also stop some companies being better prepared to combat cyber risks.


Post date: 27 Jan 2015

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