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Cyber-attacks costing the UK economy £147 billion a year

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Apparently, 1.8 million of UK’s businesses have been victims of a cyber-attack, and that costs the country’s economy more than £147 billion, in the last year alone. This is according to a new report by Gareth Bacon, GLA Conservative London Assembly, entitled Safe & Secure: Protecting London’s data. Pretty much all businesses affected by these security breaches -- 99 percent of them -- are small businesses, counting 249 employees, or less. With that in mind, the report proposes a Mayoral Standard for data security, helping London consumers and businesses protect themselves from cyber-attacks. Basically, it would force companies to keep… [Continue Reading]

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