Digital Crime ‘the new front line’.
The Law Commission has called for a full review of the law dealing with digital crime...link
The danger of cyber crime to the UK economy.
80% of the UKs top companies have been the victim of a serious cyber attack, resulting in a loss of hundreds of millions, according to Government Communications Headquarters (GCHQ).
GCHQ has taken the rare step in releasing information to highlight the problem and the growing threat businesses face from this type of attack.
The threat of cyber attack ranks, along with terrorism, as one of the highest risks to Brittan's security, with terrorists, as well as criminals, seeing this as a way to cause damage.
New measures are being developed by the US and the UK to protect government, retail and financial organisations from the threat of cyber crime, with the first simulation of a 'cyber war', the targets being the financial heart of London and Wall Street.
The Prime Minister has spoken of his concern about the threat siting one attack where it was estimated to have cost one firm around £800 million in 2012, this is higher than all domestic retail theft.
This was one attack focused the need to heighten security, with London being a top global target.
The report by GCHQ details a case where a FT100 company had over 300 computers infected that then compromised its network.
Cyber attacks are becoming more and more frequent, with many linked back to Russia and the Middle East; from organised crime to terrorist groups and in some cases entire Countries, as shown in the recent attack on Sony by North Korea where the object of the attack was not for financial gain.
GCHQ has shown its willingness to work with companies and share information that will help improve our defence against cyber crime.
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