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The National Cyber Security Centre’s ‘Cyber Threat to UK Business’ report is published

The National Cyber Security Centre (NCSC), in partnership with the National Crime Agency (NCA) has published the 2017-2018 report on the Cyber Threat to UK Business.
This week at the CYBERUK 2018 conference the NCSC and the NCA published the findings of a report on how cyber threats have impacted UK businesses over the past 12 months. The aim of the report is to raise awareness of cybersecurity and cyber attacks, to allow organisations to improve their defences.

What is covered in the cyber threat report?

  • Ransomware and distributed denial of service attacks (DNS)
  • Data breaches and legislation
  • Supply chain compromises
  • Fake news and information operations
  • CEO/business email compromise fraud
  • Major security vulnerabilities
  • Financial sector compromise
  • Targeting of parliament
  • Cyber crime as a service
  • Cryptojacking
  • Increased use of worms
  • Internet of Things
  • Cloud security

Highlights from the CYBERUK 2018 Conference

“And cybercrime can hit anyone at any time – governments, institutions, businesses and individuals. And globally it costs billions.

“Nearly 7 in 10 large businesses have been affected, with an average cost of £20,000 per business. Some breaches leave companies on their knees.

“Cyber breaches are serious, costly and disruptive.”

Home Secretary Amber Rudd 

“We will need to make use of every resource if we’re going to match and overtake the pace at which our adversaries are evolving. That means, naturally, that we need to tap the resources of our very diverse nation.

“Due to the constant stream of worrying data breaches and other incidents, people are becoming more and more aware of just how important cyber_security”>cyber security is.

“You can’t have privacy without security.”

Ciaran Martin, CEO NCSC 

“We’re seeing criminal gangs using malware such as Zeus and Trickbot, or ransomware like Locky and Bitpaymer
to make millions of pounds in the UK and around the world.

“The attack and the attackers don’t care about the size or sector of their victim – they thrive on the anonymity of
the internet to demand payment in cryptocurrencies.

“Of course, cyber-crime is not limited to financial gain – they also go after the individuals.”

Jeremy Fleming, Director GCHQ

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The information in this blog is for general guidance and does not constitute legal advice.


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