News
Industry response: BAE cyber-security report
October 2016 by Stephen Love, Security Practice Lead – EMEA , Insight UK
Regarding BAE’s cyber-security report finding one in ten UK organisation could lose
£1million in a cyber-attack, Stephen Love, Security Practise Lead - EMEA, Insight, comments:
"The fact that a cyber-attack could cost one in ten UK businesses one million pounds
is not all that surprising. Almost daily we hear about another cyber-attack in the
news and the devastation it has caused the organisation. However, what’s potentially
more worrying is that the study found one fifth of businesses were not confident
that they could return to business as usual within 48 hours of an attack.
In short, this means they are not prepared for the inevitable. The industry is
consistently warning against the risks of leaving a business unprepared and
unprotected, yet BAE’s research shows that a large portion of the UK’s corporate
landscape aren’t adhering.
There is no excuse for this. There are numerous tools and services that can help any
business of any size to not only bolster their cyber-security, but can help reduce
the fallout - both reputational and financial - if they were to be attacked. And
with the EU General Data Protection Regulation only two years from implementation,
planning ahead is the a vital course of action for any business."
