Cybercrime – it’s the future.
Cybercrime is the most prevalent form of criminal activity now surpassing the global drugs trade. “In the face of real threats to our [USA] security and our economy” President Obama has recently signed a Cybersecurity Order pledging US$ 4.7 Bn to secure the virtual defences of the USA.
However, it is not just nation states that face this emerging threat, individuals and organisations also have a real and present exposure, and we are not just talking about those businesses that process credit card information either.
Any organisation that holds personal information, for example e-mails, is a potential target and those organisations that don’t have large IT security budgets are the prime targets for this new breed of criminal.
If your business is reliant on the daily use of technology this article by Richard Hodson, Head of Technology at Oval Insurance Broking can inform you of the new threats you might face and what can be done to protect yourself.
You might also like ...
Since the Sony PlayStation hack the media has been awash with headlines about big businesses being hacked, institutions facing daily attacks and personal information being compromised. Yet these well publicised attacks are just the tip of the iceberg, little is heard in the UK of breaches suffered by professional organisations, small businesses and public bodies. In a recent report by Detica published jointly with the UK Cabinet office “cyber crime” was estimated to cost UK businesses around £27 billion every year.
In this White Paper the Oval Group looks at how insurance can play its part in managing the effects of a data breach.