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Cybercrime - A risk to business

Posted by on in Nsure Technology
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Cybercrime is fast becoming the number one threat to business with a total cost to businesses in 2011 worldwide of circa £241bn and UK business £21bn. Much effort is being made to understand the size and the patterns of cyber-attacks, indeed in 2011 the UK government set aside £650m over four years to tackle the continuing problem. The report found that intellectual property theft accounted for virtually half of all cybercrime although this didn't include such acts as downloading illegal music and video down loads.

 

With media & technology revolutionising the way that businesses operate and grow, a new breed of risks have developed that are not covered by traditional insurance policies. Cloud data storage, intellectual property rights infringement, invasion of privacy, defamation, inadvertent loss of sensitive data and business interruption arising from the use of email, internet and social media are just a few of the new risks faced by business today. With the number of cyber-attacks running within the UK at an alarming 1000 per hour every day (according to security sources) protecting businesses from these emerging risks has never been more important.

 

For further information please visit our website www.nsuretechnology.co.uk or contact Geoff Stanbridge on 01903-608106 or email @ This email address is being protected from spambots. You need JavaScript enabled to view it.

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