Posts Tagged: Cyber

New Data: UK Economy Hurt by Slumping Services Sector

Posted by & filed under Cyber, Risk Management.

Recent reports have painted a bleak portrait of UK economic growth, which has nearly stalled. The Purchasing Managers’ Index (PMI) surveys revealed that there was only 0.1 per cent growth for the month of April. An explanation for such a significant slowdown may be due, in part, to the services sector, which grew at its […]

Cyber Security News and Prosecutions – May|June 2016

Posted by & filed under Cyber, Risk Management.

Cyber cover may be useless if your employees hack your data Legal experts are warning that businesses’ cyber security cover may be invalidated by insurers if employees hack company data. Most standard cyber and data protection policies only provide cover for first- and third-party liabilities, which means that your company may not be covered for […]

Cyber Attack – Half of UK Businesses Are Unprepared

Posted by & filed under Business News, Cyber, Risk Management.

In the last 12 months, two-thirds of large businesses (those with at least 250 employees) experienced at least one cyber attack or breach, according to the government’s Cyber Security Breaches Survey, released in May. Of those businesses, one-fourth experienced a breach at least monthly. While about one-third of these incidents involved cyber criminals impersonating the […]

Cyber Attacks Targeting SMEs on the Rise

Posted by & filed under Business News, Cyber, Risk Management.

In 2015, cyber crime became the most common criminal offence in the United Kingdom, with about 8 million cases. Despite these findings, 44 per cent of UK business do not believe that they will be a target of a cyber attack, according to industry research, and 71 per cent of cyber attacks are aimed at […]

Recent Cyber Security News and Prosecutions – March|April 2016

Posted by & filed under Business News, Cyber, Risk Management.

Take advantage of the ICO’s Data Protection Self-assessment Toolkit The ICO recently released a comprehensive Data Protection Self-assessment Toolkit which can help your company remain compliant with the Data Protection Act and increase its cyber security. To use the free toolkit, visit www.ico.org.uk/for-organisations/improve-your-practices/data-protection-self-assessment-toolkit. Cyber criminals are impersonating CEOs in costly new email scam According to […]

GDPR Emphasises Accountability of Directors and Officers

Posted by & filed under Cyber, Risk Management.

In January, the European Commission published its draft of the EU General Data Protection Regulation (GDPR). The regulation is expected to strengthen data protection for EU citizens, set clear and modern rules for businesses, and bolster data protection legislation. Under the new guidelines, the responsibility for reporting serious data breaches and bolstering an organisation’s cyber […]

Common Applications May Expose Companies to Data Breaches

Posted by & filed under Business News, Cyber, Risk Management.

It may seem that common applications such as Word and Excel are intuitive enough not to generate a data breach by inadvertently hiding sensitive data. Yet, the government’s 2015 Information Breaches Survey revealed that 50 per cent of all data breaches were caused by inadvertent human errors. Each of these breaches cost those companies, on […]

Recent Cyber Security News and Prosecutions – January|February 2016

Posted by & filed under Business News, Cyber, Risk Management.

Teenage cyber criminals becoming the norm According to the National Crime Agency (NCA), the average age of suspected cyber attackers has dropped to 17. Investigators attribute this to youths being swayed by the allure of validation from others in the cyber community. Experts also predict that this praise has contributed to these youths joining organised […]

EU General Data Protection Regulation Takes Shape

Posted by & filed under Business News, Cyber.

In December, the European Parliament and Council agreed upon the final structure for the General Data Protection Regulation (GDPR) proposed by the European Commission in January 2012. The regulation was designed to unify data protection legislation across all 28 EU member states, and it requires all foreign companies to adhere to its statutes if they […]