{"id":156730,"date":"2015-06-08T12:08:19","date_gmt":"2015-06-08T12:08:19","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/?p=156730"},"modified":"2015-06-08T12:08:19","modified_gmt":"2015-06-08T12:08:19","slug":"uk-cyber-attacks-costs-economy-billions-corrupt-politicians","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/latest-news\/uk-cyber-attacks-costs-economy-billions-corrupt-politicians\/","title":{"rendered":"UK cyber attacks costs economy billions – and so do corrupt politicians"},"content":{"rendered":"
\n

RINF EDITOR’S NOTE:<\/span><\/strong> What’s next to blame for the state of the British economy? Yesterday it was societies most vulnerable, and today it’s hackers. It seems the government are pointing the finger at everyone and everything apart from the actual cause – dodgy politicians and criminal bankers.<\/p>\n<\/div>\n

(RT<\/a>) –\u00a0Nine in 10 large UK firms have fallen prey to cyber-attacks, costing the British economy billions of pounds, new figures suggest. These \u201cchronic\u201d cyber threats stem from hostile nations, terror outfits and hacktivists, a leading cyber-security chief says.<\/p>\n

Incidences of hackers attempting to steal confidential data
\nacross the UK are rising steadily, government<\/span>-commissioned<\/span><\/strong>
\n research<\/strong> (RINF Note: Bloody big red flag right there)<\/span>\u00a0released Tuesday suggests.<\/p>\n

 <\/p>\n

The study, titled \u201cInformation Security Breaches,\u201d<\/a> was
\nconducted by auditing firm PricewaterhouseCoopers (PwC).<\/p>\n

It estimates the average cost of the most serious security
\nbreaches to large firms has increased dramatically in the past
\nyear, and could now be as high as \u00a33.1 million per firm on
\naverage.<\/p>\n

Smaller businesses could pay up to \u00a3311,000 annually to stave off
\nserious cyber threats, it adds.<\/p>\n

Such costs would be required to cover disruption to business,
\neroded sales, fines, compensation and asset recovery, PwC said.<\/p>\n

Ed Vaizey, Britain’s Digital Economy Minister, said the UK is an
\n\u201cattractive target\u201d<\/em> for cyber-attacks and the related
\nfinancial costs are soaring.<\/p>\n

\u201cThe UK\u2019s digital economy is strong and growing, which is why
\nBritish businesses remain an attractive target for
\ncyber-attack,\u201d<\/em> he said.<\/p>\n

\u201cBusinesses that take this threat seriously are not only
\nprotecting themselves and their customers\u2019 data but securing a
\ncompetitive advantage.\u201d<\/em><\/p>\n

PwC\u2019s report suggests while security on regular computer systems
\nis being dealt with, firms\u2019 increasing reliance on tablets and
\nsmartphones could leave them vulnerable to attack.<\/p>\n

The number of companies that reported security breaches via such
\ndevices increased more than twofold in 2015, it said.<\/p>\n

The research also indicates human error is another factor, which
\nincreases firms\u2019 vulnerability to attack.<\/p>\n

PwC cyber security director Andrew Miller said security breaches
\nare becoming increasingly costly.<\/p>\n

\u201cBreaches are becoming increasingly sophisticated, often
\ninvolving internal staff to amplify their effect, and the impacts
\nwe are seeing are increasingly long-lasting and costly to deal
\nwith,\u201d<\/em> he said.<\/p>\n

PwC\u2019s research was unveiled at Britain\u2019s Infosecurity conference
\non Tuesday.<\/p>\n

Speaking at the event, GCHQ\u2019s director general of cyber security,
\nCiaran Martin, said it is impossible to construct a \u201ccyber
\nsecurity umbrella\u201d<\/em> over the nation.<\/p>\n

He said the cyber threats UK firms and organizations face
\n\u201cshow little sign of abating,\u201d<\/em> and generally stem from
\nhostile states, terror groups and hacktivists.<\/p>\n

Martin said he was
\n\u201cgenuinely surprised\u201d<\/em> by the broad range of
\norganizations targeted by cyber criminals.<\/span>
\n<\/p>\n

<\/p>\n

This piece was reprinted by RINF Alternative News<\/a> with permission or license.<\/p>\n","protected":false},"excerpt":{"rendered":"

RINF EDITOR’S NOTE: What’s next to blame for the state of the British economy? Yesterday it was societies most vulnerable, and today it’s hackers. It seems the government are pointing the finger at everyone and everything apart from the actual cause – dodgy politicians and criminal bankers. (RT) –\u00a0Nine in 10 large UK firms have […]<\/p>\n","protected":false},"author":1,"featured_media":156731,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[487,18,1615],"tags":[],"class_list":{"0":"post-156730","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-breaking-news","8":"category-latest-news","9":"category-uk-news"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/156730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=156730"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/156730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media\/156731"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=156730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=156730"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=156730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}