Growing fears of cybercrime are prompting financial services firms to ramp up their spending on security, according to research from Lloyds Bank Commercial Banking. Of more than 100 senior execs quizzed, 87% have become more concerned about cyber-risks over the last year, with nearly a quarter becoming significantly more worried.
Eighty five of respondents reported their firms had spent more on tackling cyber risks in the past year, with 14% reporting a significant rise.
Asked about what they wanted to achieve from their technology investment in the coming year, 14% cite improved cyber-security as their top priority.
Firms were asked about risks to their UK operations for 2018. Respondents say cyber security is one of the most significant risks, alongside increased market competition and geopolitical uncertainty, but behind macro factors such as the effects of Brexit and economic uncertainty.
Half Of Global Organisations Not Prepared For Cyberattacks
It is believed that more than 4,000 cyberattacks occur daily worldwide, but half of organisations across the globe admit they are not prepared for such events.read more
Secure Your Physical Business Against Data Theft
Data theft does not just happen in cyberspace, but in the physical business environment, too. Lax physical security can allow criminals to access your computers, filing cabinets, documents left on desktops, etc. Here are some tips for you to ensure your everyday working environment is safe and secure.read more
UK Launches Third NCSC Annual Review
Paymaster General and Minister for the Cabinet Office Oliver Dowden MP has launched the UK's National Cyber Security Centre's third Annual Review. In his presentation speech, he said: "Thank you, everyone, for joining us this morning. Cybersecurity is genuinely a massive priority for the government and it gives me great pleasure to launch the National Cyber Security Centre’s third Annual Review.read more
Kaspersky Releases Information Security Report
To budget for information security, companies need to consider factors such as average potential losses, preferably by incident type, as well as other businesses’ average, outlays on security. Precise data on such questions do not get published, which is why Kaspersky conducts an annual survey of employees who make business decisions related to IT security for a variety of companies. The results of its 2019 survey have just been published.read more