Cyber Security Breaches Survey- Research

Added on -2020-02-14

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Foundations of MIS & CBT
Article 1: 2/3 of the UK business is hit by cyber breach in past year1Article 2: Cyber threats1Article 3: Cyber attacks cost UK business2Article 4: Tackling Cyber Security Threats2From the editor1Article 1: 2/3 of the UK business is hit by cyber breach in past year 1Article 2: Cyber threats 1Article 3: Cyber-attacks cost UK business 2Article 4: Tackling Cyber Security Threats 2From the editor2As per the survey, it has been found that out of 10, seven firms get attacked by malware or spyware, virus. For some of the cases it has been found that the attack to organization has reached millions but most of the attacks would have been prevented through government's cyber essentials scheme. As per the research conducted by Cyber Security Breaches Survey it has been found that only half of the firm take initiative to take action and address and identify vulnerabilities. Moreover, among these few organizations 1/3 had formal written cyber security policies. There are different set of issues that are faced by firms due to cyber-attacks. Among which few of them includes loss of money, date and confidential information of customers are stolen. Another issues occur due to lack of information. Most of the businesses are not aware of the negative impact of business due to cyber-attacks further, there are also cases in which organizations do not even realize about its impact until serious problem relate with data, information or loss occurs. As per the record government of UK has planned to invest £1.9 bn to protect UK but it can be enacted only when firms take appropriate steps to protect themselves. Article 1: 2/3 of the UK business is hit by cyber breach in past year (8 May 2016)Article 2: Cyber threats (12 August 2015)In the modern society Cyberspace lies at the heart. It has high impact over businesses, services and personal lives. Apart from this, there are many issues that are faced by organization because of which potential loss for fraud and money laundering runs and this increases billions of pounds each year. There are significant number of crime groups that focus on hacking the system of that is use by organization and they try to get the money and information. Another type of issues that are faced by firms is money laundering. This can be determined as a process that present large amount of money obtained from criminal activity originated from legitimate source. In order to tackle these type of issues, there are The National Crime Agency (NCA). Further, there is another threat like proliferation of weapons of mass destruction (WMD) to UK security. There are many countries that provide programmes related to WMD in order to make people aware related with the issues that are associated with cyber-crime. WMD consists of chemical, nuclear and biological weapons. Further, there are many sets of obligations that UK has of export control regimes, international treaties and conventions. All these issues are caused due to cyber-attacks. 3rd November, 2016Volume 1, Issue 1Cyber Security Threads to UK BusinessesInside this issue:

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