£42bn: The damage to UK investors from ‘severe’ cyberattacks since 2013

Businesses have increasingly come under attack by hackers over the past few years but the massive negative impact data breaches can have on companies’ valuations is not yet fully quantified. A recent study conducted by Oxford Economics reveals that “severe” cyberattacks have cost UK business investors close to £42bn since 2013. Read more about the […]

Report: Cyber-threat to UK business is “significant and growing”

The cyber-threat to UK business is “significant and growing”, according to a new report from the UK’s National Cyber Security Centre (NCSC) and National Crime Agency (NCA). Read about the new report by UK’s National Cyber Security Centre (NCSC) and National Crime Agency (NCA) which reveals that the cyber threat to UK businesses is significant and […]

Half of Large British Businesses Victims of Ransomware

More than a third of British businesses (36%) are not ‘very confident’ that efforts to completely eradicate a recent ransomware attack from work systems have been successful. That’s according to research commissioned by Citrix and carried out by One Poll, which also reveals that almost half of large British businesses (45%) have fallen victim to a […]

Almost half of UK business has NO cyber security plan

Almost half of UK businesses do not have a formal cyber security strategy implemented, despite the perilous nature of the current threat landscape. Read more about the new  IoD report titled Cyber security: Ensuring business is ready for the 21st century which reveals that only 57 percent of United Kingdom businesses have a cyber security […]

UK businesses are responding to the threat of cyber attack too slowly

More than a third of businesses lack a formal strategy against cyber attack, according to a new report published by the Institute of Directors and Barclays.  There have been a number of high-profile attacks on the digital economy over the past year, including the hacking of 40,000 customer customer accounts at Tesco Bank in November. […]

UK companies failing to educate their employees about cyber security

A recent survey by Ultima has once again highlighted the urgent need for UK business to take cyber security more seriously.The survey finds that 65 per cent of companies don’t have any security solutions deployed onto their mobile devices, and 68 per cent of companies do not have an awareness programme aimed at employees of […]

Cloud adoption in the UK jumps another 5 per cent

The overall cloud adoption rate in the UK now stands at 88 per cent, according to a new report by the Cloud Industry Forum. The report also states that there has been a 5 per cent increase year-on-year, and an 83 per cent increase since 2010, when the first stats were taken. Read about the […]

The retail industry steps up the fight against cyber-threats

The British Retail Consortium (BRC) has today launched a cyber-security “toolkit” that will provide retail businesses of all sizes with a practical, step-by-step guide to prevent and manage cyber-security threats and protect the customers they serve. Read how the British Retail Consortium (BRC) has stepped up its fight against cyber threats on SC Magazine.

Cybersecurity Breaches Cost UK Firms £30 Billion in 2016, Says New Research

According to a recent survey, more than half (52 percent) of UK-based businesses fell victims to some form of cybercrime in 2016. The survey – published by internet service provider Beaming and conducted by researchers at Opinium – revealed that a staggering 2.9 million British firms experienced a cybersecurity breach last year. Read more about the […]

The UK’s 16 most infamous data breaches

It’s tempting to believe that important data breaches only happen in the US and the figures tend to bear that out – the US accounts for the overwhelming majority of the really big data breaches that have been made public, some of them absolutely vast. But US laws and regulations force organisations to admit to […]