Source: National Cyber Security – Produced By Gregory Evans
Cyber crime cost the world economy $400bn in 2014, according to a report by McAfee. Whilst this only represents a small percentage of the global GDP, it’s a significant number. Meanwhile, the continuing increase in attacks represents a fundamental risk to many companies, having a tangible impact on share prices and the global economy. At a national level, governments are coming under increasing attacks that threaten critical infrastructure. On the flipside, some governments are becoming far more active in conducting cyber attacks, seeking to disrupt rivals’ economic and military capabilities. But enough is enough. Cyber criminals have it easy – they can strike a corporation with very little risk of being caught and prosecuted, particularly when operating within multiple legal jurisdictions. National governments, and the international community have failed to provide a way in which these criminals can be identified and brought to justice, leaving corporations – some of which provide critical services – at the mercy of attackers and with few options for response. Indeed, thanks to current UK legislation, businesses are being prevented from even basic measures that could have a major impact on their ability to respond to cyber attacks, requiring them to defend with both arms […]
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