UK businesses can reduce cyber-attack costs by up to 75% (£30b) by implementing simple cybersecurity basics more widely.
This is the view of international insurance intermediary group Howden, which recently revealed that cyber-attacks have cost UK businesses £44bn in the last five years.
Rule changes surrounding cyber risks which have already seen Uber’s former CISO sentenced to three years’ probation should be of concern to all C-Suite executives.
Joseph Sullivan, Uber’s former chief information security officer, was found guilty of paying hackers $100,000 (£79,000) after they gained access to 57 million records of Uber customers, including names and phone numbers.
Cyber Security for charities & third sector should be a priority as almost a quarter of all UK charities were the victims of a cyber-attack in 2023.
The figures come from the Cyber Security Breaches Survey, published by the Department for Science, Innovation and Technology and highlight the dangers charities and third sector organisations face from cyber criminals.
The UK has been at the forefront of the global gambling industry for nearly two decades, passing laws to regulate remote gaming as early as 2005.
It also has the largest regulated online gambling marketing in the world, generating a total gross gambling yield (GGY) of £15.1 billion in the period between April 2022 and March 2023.
The rise in cyber attacks could make them uninsurable according to the head of one of Europe’s biggest insurance companies Zurich.
Mario Greco, CEO at the Swiss-based company, told the Financial Times that cyber attacks, rather than natural disasters, would become uninsurable if the disruption from hacks continues to rise.
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