The UK Government is a global leader in promoting public sector use of cloud technology for example, Transport for London’s contactless payment system was introduced far ahead of similar public transportation networks across the world. However, like all organisations, it is under increasing pressure to generate cost savings, increase efficiencies and improve services, which are a few of the reasons why the Government has decided to embrace cloud computing as a way of combatting cyber-attacks.
In truth, cyber-security related issues now cost British businesses a total of £34 billion a year, according to a joint study undertaken in 2015 by the Centre for Economics and Business Research (Cebr) and Veracode. Nearly £18 billion of that figure is attributed to lost revenue, while £16 billion relates to increased IT spend as a result of breaches. Equally worrying is that 34 percent of cyber-crime aimed at UK organisations relates to intellectual property ‘IP’ theft, a ‘crown jewel’ for many businesses.
It is statistics like these that have led the UK Government to significantly increase its cyber-crime budget. However, the message remains clear, that all organisations, including those in the private sector, must take charge of their own security, through both use of technology and by promoting higher levels of employee awareness. Here are 14 suggestions that everyday businesses can learn from the Government and should consider when creating their own cyber-security protection framework For the full article click here
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