Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Small companies ignore cyber crime threat, put bigger companies at risk

10/09/2014 by

W1siziisijiwmtqvmtavmjgvmtuvmtuvmzyvnjavzmlszsjdlfsiccisinrodw1iiiwinjawedqwmfx1mdazzsjdxq

Companies based in London are not fully aware of the threat posed by cyber crime and could be undermining the capital's reputation as a safe place to do business.

The warning comes in a new report, Cyber secure: Making London business safe against online crime which was published on Wednesday by the London Chamber of Commerce and Industry (LCCI), which said that the cost of cyber-crime to business has ballooned - especially among smaller companies.

On average, this worst of these types of crime cost London business between £35,000 and £65,000 last year, but this has already risen to between £65,000 and £115,000, the report says.

In addition, the report said that over 50 per cent of London firms had experienced a cyber breach, and cyber crime numbers and costs could be far higher due to widespread under-reporting of online fraud. It said a lack of awareness of cyber threats and the high costs of protection remaining significant barriers to firms implementing stronger security measures.

And it warned that smaller firms are becoming increasingly targeted by cyber criminals as their systems are generally easier to access - but that they can then provide an open door to larger companies via their supply chains.

The report said that while government initiatives to improve awareness and resilience are welcome, they use overly complex, technical language which renders them inaccessible to the average SME.

The report also found that one of the big issues is a lack of awareness of the initiatives that have been developed to help business fight cyber crime such as the Action Fraud first point of contact for cyber crime victims. 

The report said the Cyber Security Information Sharing Partnership (CiSP) should be made more easily accessible, and its availability should be more widely promoted to the business community, and that the  Mayor of London should play a "leading role in promoting cyber security resilience among London businesses through the proposed London Business Crime Resilience Centre" the report said. The Mayor did make an announcement on business crime strategy in July.

This article has been extracted from http://news.techworld.com/, pleased click on this link to read the article in full http://news.techworld.com/security/3544381/study-concludes-heartbleed-flaw-was-unknown-before-disclosure/

Montash is a multi-award winning, global technology recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdcvmtgvmdgvndcvmduvntu5l2jpz3n0b2nrluv4b3rpyy1qyxjhzglzzs1ucmf2zwwtvg91cmktmtc2mju4ndm3lmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Getting Ready to Switch Off

2017-07-17 09:00:00 +0100

According to research by online travel company Expedia, just 53% of workers come back feeling rested after they’ve been on holiday. When you bring work-related stress on holiday with you, you’re never going to be able to truly switch off. So if you've got a summer holiday coming up, what should you do to switch off and unwind? Before you leave... Plan ahead As soon as you know when your last day of work is, make a plan. You don't want to get to that fin...

W1siziisijiwmtcvmdyvmzavmtyvmtgvmjavmtg5l3nodxr0zxjzdg9ja182njkxody3mdkuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

In Her Shoes... SAP Contracting

2017-07-03 09:00:00 +0100

In IT, being a freelancer is very common; due to the nature of project work or other life commitments. SAP is an area in which a quality freelancer can really thrive. We sat down with one of our SAP freelancers, who has 20 years' experience, to find out more about SAP and working under a contract employment model. "After getting a degree in computing, I started my career as a training assistant, but I've always liked to fix things. I used to fix my own ...