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Comment from Fujitsu - Cybercrime taking more than £147 billion a year from UK economy

August 2016 by Marc Jacob

In light of the report today from the GLA that found that cybercrime is taking more than £147 billion a year from UK economy, please see below comments from Rob Norris, Director of Enterprise & Cyber Security in EMEIA at Fujitsu:

“Security breaches are proving to be a significant drain on UK businesses, with this latest report finding that cybercrime cost the UK economy more than £147 billion last year alone. The sheer number of companies coming under attack is a clear sign of how widespread cybercrime has become. Criminals seek data and intellectual property to sell, and companies have it – it’s as simple as that.

“With continuing growth in DDoS attacks, insider threats and phishing scams expected this year, organisations must not only rely on defensive solutions. Instead they should take the fight to cybercriminals themselves before they fall victim. Using threat intelligence and other information sources, businesses can remain one step ahead by proactively looking for vulnerabilities in their network. Alongside this approach should sit a clear and well-rehearsed incident management plan, addressing internal and external communication in addition to containment and recovery activities. It is also essential that companies better educate staff to be more cautious in opening up emails, as it is still the number one way that an organisation can be compromised. As the sophistication and regularity of security attacks continue to increase, it has never been more important for organisations to put security at the very top of the boardroom agenda.”


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