The UK Government has issued additional guidance for organisations to help them protect themselves against a cyber attack. The new guidance supplements the previous guidance by setting out what common cyber attacks look like and how hackers typically execute these cyber attacks.
The UK Government’s security and intelligence organisation, GCHQ, has stated that cyber attacks do not show any signs of abating. Cyber attacks pose a threat not only to the financial health of an organisation but also to its value, its reputation, the security and privacy of its staff and the confidentiality of its information and trade secrets. Cyber security insurance is becoming increasingly popular but providers often link premiums to the level of cyber security systems and processes. The UK Government has stated that organisations must engage top-level management in the formulation of their cyber security strategies and that pro-active management of cyber risks at Board (or equivalent) level is critical. The responsibility for a cyber attack ultimately rests with the Board or senior management and the UK government is keen to ensure that organisations place cyber security high up on the agenda of management meetings.
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