6 ISSUES FOR JUST £6 Subscribe to Business & Professional Life today CLICK HERE

Cyber summit launches with report showing growing threat to UK businesses

PUBLISHED: 11:29 17 April 2018

GCHQ, Cheltenham (c) davidmartyn / Getty Images

GCHQ, Cheltenham (c) davidmartyn / Getty Images

davidmartyn

The NCSC welcomes specialists from across government, industry and law enforcement to the start of their flagship CYBERUK 2018 summit in the Manchester Central Convention Complex

Criminals are launching more online attacks on UK businesses than ever before, it has been revealed in a report published to mark the start of the country’s biggest cyber security conference.

The National Cyber Security Centre (NCSC), which is part of GCHQ, will welcome specialists from across government, industry and law enforcement to the start of their flagship CYBERUK 2018 summit in the Manchester Central Convention Complex.

The Cyber Threat to UK Business’, jointly authored by the NCSC and the National Crime Agency (NCA) in collaboration with industry partners, has been published to mark the start of the conference.

The report details some of the biggest cyber attacks from the last year and notes that risks to UK businesses continue to grow. Emerging threats are also highlighted, such as theft from cloud storage and cryptojacking, in which computers are hijacked to create crypto currencies such as bitcoin.

The report acknowledges that a basic cyber security posture is no longer enough and most attacks will be defeated by organisations which prioritise cyber security and work closely with government and law enforcement.

Ciaran Martin, Chief Executive of the NCSC, said: “We are fortunate to be able to draw on the cyber crime fighting expertise of our law enforcement colleagues in the National Crime Agency.

“This joint report brings together the combined expertise of the NCA and the NCSC. The key to better cyber security is understanding the problem and taking practical steps to reduce risk.

“This report sets out to explain what terms like cryptojacking and ransomware really mean for businesses and citizens, and using case studies, shows what can happen when the right protections aren’t in place”

The Cyber Threat to UK Business report notes that firms are under increasing threat from ransomware, data breaches and supply chain weaknesses which can mean serious financial and reputational damage.

It sites real-life case studies from businesses damaged by cyber crime, including ransomware attacks that have affected companies ranging from multi-national firms to independent restaurants.

While law enforcement and government have successfully battled many cyber threats this year, under-reporting of cyber crime by businesses means crucial evidence and intelligence about cyber threats and offenders is lost.

Donald Toon, director of the NCA’s Prosperity Command, said: “UK business faces a cyber threat which is growing in scale and complexity. Organisations which don’t take cyber security extremely seriously in the next year are risking serious financial and reputational consequences.

“By increasing collaboration between law enforcement, government and industry we will make sure the UK is a safe place to do business and hostile zone for cyber criminals.

“Full and early reporting of cyber crime to Action Fraud will be essential to our efforts.”

CYBERUK 2018 will see state-of-the-art industry and government displays on the exhibition floor demonstrating cutting edge technology to help the UK thrive in the digital age.

Simultaneously, a series of lectures keynotes, panel debates and workshops delivered around the NCSC’s four objectives – nurture cyber skills and understand, reduce and respond to attacks.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Cotswold Life visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Cotswold Life staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Cotswold Life account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

More from Cotswold Life

Friday, December 7, 2018

Find a fabulous gift for everyone with Whatley Manor’s monetary vouchers.

Read more
Thursday, December 6, 2018

One lucky reader could win a pair of tickets to see Ella Mills, founder of Deliciously Ella, at Calcot Manor as well as two signed copies of ‘The Plant-Based Cookbook’

Read more
Thursday, December 6, 2018

Get out and enjoy seasonal celebrations with a Cotswold twist

Read more
Thursday, December 6, 2018

People travel from far and wide to visit the Cotswolds at Christmas. We’ve compiled 24 reasons why you should join them.

Read more
Thursday, December 6, 2018

Alleviate the stress of hectic Christmas preparation and endless shopping trips with a festive afternoon tea in one of these gorgeous Cotswold settings

Read more
Wednesday, December 5, 2018

The weekend is fast approaching and for those still deciding how to spend their Friday through to Sunday, we pick 5 of the best ways to spend your weekend in the Cotswolds

Read more
Tuesday, December 4, 2018

If you’re looking for things to do in the Cotswolds this month, we have gathered plenty of events for you to pop in your diary

Read more
Tuesday, December 4, 2018

Hundreds of participating National Lottery-funded visitor attractions across the UK are saying ‘thanks’ to people who have raised money for good causes by buying a lottery ticket, including a number of venues in the Cotswolds

Read more
Tuesday, December 4, 2018

Crispy, frosty days and perhaps even a dusting of snow, winter is a magical time in the Cotswolds. If you’re thinking of tying the knot during this beautiful season in the region, here are six winter wedding ideas to help you start planning your special day

Read more
Tuesday, December 4, 2018

The hotel in Forest of Dean, Gloucestershire is offering free lunch or afternoon tea for the first ten that book for December 19

Read more
Monday, December 3, 2018

“We’re looking forward to lots of festive fun this Christmas festival and hope to welcome lots of people to our town.”

Read more
Monday, December 3, 2018

A perfect gift where rest and relaxation is required.

Read more
Monday, December 3, 2018

Applications are now open for a new competition that will give people from Gloucestershire the chance to see their food and drink products or ideas appear on supermarket shelves across the county

Read more

Do you remember that glorious childhood feeling of utterly, utterly losing yourself amongst the words of a story? Lucy Mangan certainly does. Katie Jarvis meets her over lunch at Calcot Manor to delve into the little-known stories behind some of our childhood literary favourites

Read more

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Topics of Interest

Food and Drink Directory A+ Education

Subscribe or buy a mag today

subscription ad

Local Business Directory

Property Search