New guidance on tackling cyber crime | law, less ordinary - legal ...

The Government has issued new guidance on Cyber Risk Management?for the most senior level employees in UK companies.

The guidance follows a recently published Cabinet Office report on the Cost of Cyber Crime which addresses the breath of the cyber crime issue. It estimates that cyber-attacks can cost the UK economy ?27 billion a year of which ?21 billion relates to businesses.

The internet has revolutionised the way we live, work and spend our hard-earned cash. The world wide web offers ease and accessibility to various resources and information; unfortunately cyber criminals are also benefiting from this accessibility. Many retailers face the predicament of how to prevent cyberspace compromise effectively without deterring customers with additional security measures.

Although a welcome move, this review is long overdue. Retailers will have to consider whether their current security systems are sufficient and undertake a review of security systems regularly.

Posted by Helena Wootton, who specialises in commercial contracts, data protection, financial

services, outsourcing agreements, services, supply collaboration, distribution & agency contracts, e-commerce and consumer law.

Helena Wootton
0115 976 6108
helena.wootton@brownejacobson.com

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Tags: cyber crime, data security, ecommerce, Helena Wootton

This entry was posted on Wednesday, September 19th, 2012 at 3:39 pm and is filed under Advertising & Marketing, Commercial contracts, Data Protection, IT Contracts, Technology. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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