Tag Archives: data theft

65% of UK large businesses experience a cybersecurity breach / attack

BRG cyber securityIpsos MORI and its partner, the Institute of Criminal Justice Studies (ICJS) at the University of Portsmouth, were commissioned by the UK Government’s National Cyber Security Programme to survey UK businesses on their approach to cyber security and the costs they have incurred from cyber security breaches.

The Cyber Security Breaches Survey found that 65% of large businesses experienced a cybersecurity breach or attack in the past year with 25% of these experiencing a breach once a month.

The most common attacks detected (68%), involved viruses, spyware or malware. Key areas for improvement included incident response and staff training.

Ed Vaizey, Minister of State for Culture and the Digital Economy said: “We see a steady stream of breaches and attacks on firms which assume they are on top of security, but still haven’t got a good understanding of the possible impact on their business or what they should do about it”.

Results from the survey are being released alongside the Government’s Cyber Governance Health Check (launched following the TalkTalk cybersecurity attack); the Health Check found that almost half of the top FTSE 350 businesses regarded cybersecurity attacks as the biggest threat to their business when compared with other key risks – up from 29 per cent in 2014.

BRG recently undertook its own Cybersecurity Preparedness Benchmark Study. The study examined six main areas:

  • Leadership
  • Information Governance
  • Risk Management
  • Essential Protection
  • Incident Response and
  • Security Culture

For financial services, BRG partnered with the Institute of Operational Risk.

The results of the Benchmark will be released shortly. For further information, please contact:

USA:                      Faisal Amin

UK/EMEA            Tony Moroney

The views and opinions expressed in this article are those of the authors and do not necessarily reflect the opinions, position, or policy of Berkeley Research Group, LLC or its other employees and affiliates.

Target faces up to $10 billion compensation bill to data theft victims

Approval has been given for over 100 million victims of data theft in 2013 from retail giant Target to claim compensation of up to $10,000 each.

The class action lawsuit brought by the victims effectively caps the potential compensation bill at $10 billion. Continue reading Target faces up to $10 billion compensation bill to data theft victims