In the first six months of 2023, the Information Commissioner’s Office ordered eight businesses to pay almost £13.5 million in fines for misusing data, according to analysis by cyber security and data protection consultancy CSS Assure.
At the start of the 2023, highly confidential documents from 14 schools – including SEN information, child passport scans, staff pay scales and contract details – were recently leaked on the dark web by hackers, the Vice Society.
Cyber crime is here to stay. As digital technology evolves daily and has become a vital component in our lives, it is not surprising cyber crime is on the rise. According to research from Statista, 1 in 12 businesses are reporting breaches several times a day – meaning cyber security due diligence cannot be overlooked when it comes to modern day mergers and acquisitions.