Boris Johnson ignored the surge of cyber crime and fraud when he boasted that 2021 saw a 14% reduction in crime – and it’s easy to see why. Take fraud and cyber crime into account and crime doesn’t reduce by 14% but in fact rises by 14%, driven by a massive 36% increase in fraud and 89% increase in cyber crime. These figures were gathered by the Crime in England and Wales Survey. We covered the survey’s findings for crimes […]
Four in ten UK businesses were victims of cyber security breaches or cyber attacks in 2020/21, according to the Department for Digital, Culture, Media & Sport. This figure leaps up to two thirds amongst medium and large businesses. Of those hit, one in five lost money, data or other assets while a third found their businesses disrupted or otherwise negatively affected. Where money was lost, figures typically landed in the tends of thousands. More alarming is the frequency of attacks. […]
Ransomware, phishing, data leakage, hacking and insider threat were identified by the ICAEW as the top five cyber security risks. If your business does not have active, up-to-date risk mitigation procedures in place for all the above it is only a matter of time before it is victim to cyber crime – a fate that almost half of UK businesses are expected face every year (Department for Digital, Culture, Media and Sport). At Magenta Security, we believe that the fundamentals […]
In the process of developing Threat Evolution – Magenta Security’s new specialist cyber security division – our company has learned an entirely new set of terminology to identify, describe and combat the many threats that lurk in the virtual business environment. While years of preparation and education have made the language of cyber security second nature to us, we have realised through conversations with clients that many in the business world find themselves befuddled by the lingo, putting them at […]
Cyber criminals are taking advantage of the pandemic to launch coordinated and targeted cyber attacks – typically involving the one-two punch of data breaches and ransomware – on companies across the globe. Websites have been set up for these cyber criminals to post stolen data publicly should companies not give in to their demands. This cyber crime surge makes this year’s Black Friday and Cyber Monday sales events a potential jackpot for cyber criminals, who will already have the infrastructure […]
