Many UK firms risk becoming victims of cyber attacks because they fail to take basic steps to safeguard their data assets, according to reputation management and security firm Schillings as reported by Computer Weekly.
In an interview for Computer Weekly, Schillings IT security delivery director David Prince noted that many businesses find it hard to identify significant threats, like data breaches and phishing campaigns. The company often deals with firms that do not understand the risks that affect their business and that makes them quite vulnerable, Prince said.
He went on to note that only a small number of UK enterprises invest in effective security training for their staff. This is also of critical importance since even a massive security budget does not guarantee that an employee will not leak data.
According to Prince, many UK businesses don’t grasp the value of the data they possess and why it could be the target of cyber attacks. In his view, it is crucial for organisations to understand that cyber criminals will target any information of value.
In the digital age we live in, cyber threats are a serious issue for businesses and organisations.
Earlier this month, the UK financial sector raised concerns about threats to the UK banking system, the Express reports. The article quotes Andrew Gracie, Executive Director For Resolution at The Bank Of England, who says threats to bank operations are soaring and low-level attacks are no longer isolated events.
Speaking at a meeting organised by the British Bankers’ Association, Gracie said that cyber attacks, unlike physical attacks, cannot be localised as they are international in their nature, knowing no boundaries.
The growing number of cyber attacks shows just how vulnerable modern-day technology is. Cyber crime has become a global problem, with many online companies falling prey to cyber criminals.
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