news

HMG steps up support for Lawyers and Accountants with free online training

Department of Business, Innovation and Skills helps Lawyers and Accountants develop Cyber Risk knowledge Digital Economy Minister Ed Vaizey has announced a new free online training course to help members of the legal and accountancy professions develop the skills they need to protect themselves and their clients from cyber-attacks.
 
Developed by government and industry, the on-line training will also enable lawyers and accountants to advise their clients on the cyber risks to their business. This will help UK businesses protect themselves from information breaches and other threats that could potentially cost them millions of pounds.
 

Data & Privacy Exposures are not limited to security breaches

The impication of the Google 'right to be forgotten' caseThe Right to be Forgotten isn't just a Google issue
 
When considering data protection, data losses tend to spring to mind. However, this year, the risks of holding data for too long have been at the fore.
 
The recently publicised "right to be forgotten" case saw the European Court of Justice rule that Google Spain was a data controller due to its capacity to find, index, store and make information available to the public on its website.
 

CSIS Report - cost of Cyber Crime affecting economies & costing jobs

CSIS Report cost of Cyber Crime The global cost of Cyber Crime is estimated by the Center for Strategic and International Studies to be up to $575bn in it’s report entitled “Net Losses:Estimating the Global Cost of Cybercrime”, sponsored by McAfee.

 

The report tries to assess the impact on the global economy by looking at the range of costs and losses associated with Cyber Crime a create an approximate total. 

 

US retailers generate over $200 million in costs from Data breaches

Discount retailer Target loses 70 million customer records in data breach

In a just over two weeks in the run up to Christmas Target Corp (TGT) had a major Cyber Theft where up to 70 million Customer Credit Card details were stolen.  

The Minneapolis based retailer, the second largest discount chain in the US, has generated costs already estimated to exceed $200m according to figures provided by the Consumer Bankers Association and the Credit Union National Association.