April 28th, Today I learn with no surprise, from Maija Palmer, FT Technology Correspondent that there has been a sharp rise in hacking attacks costing UK businesses “at least £10bn” a year – more than double two years ago.
PwC Research - published yesterday
Most of the large British businesses questioned – 92 per cent – experienced some kind of information security incident in the past year.
Most of the large British businesses questioned – 92 per cent – experienced some kind of information security incident in the past year.
These included attacks by cybercriminals and accidental leaks of confidential data.
Soaring Costs
The cost of dealing with these incidents is soaring, with the worst cases costing between £280,000 and £690,000 to remedy on average.
The cost of dealing with these incidents is soaring, with the worst cases costing between £280,000 and £690,000 to remedy on average.
Large companies are dealing with an average of 45 incidents a year – up from 15 two years ago.
Dangers of the Cloud
Many companies are shifting to so-called cloud computing, for example, by which business data is hosted remotely in a third party data centre and accessed over the internet. Failure of a net connection could severely disrupt business for such companies.
“There are some blind-spots. Clearly there are some fundamental issues that companies need to get better at dealing with,” said Mr Potter.
Sixty-one per cent of large companies said they had detected an attempt to break into their computer systems – up from 31 per cent two years ago. About one in six companies said an intruder had managed to get through defences.
British companies are also increasingly concerned about leaks of confidential information, particularly after the national information commissioner was given new powers
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