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.
Last year dozens of court bundles containing sensitive personal data were leaked on the dark web after cyber criminals hacked into one of the country’s leading law firms.
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.
According to research by comparison site Finder, it is estimated that UK consumers will spend £3.95bn on Black Friday (25 November) and Cyber Monday (28 November) purchases this year.
With many business sectors showing positive recovery and growth post-pandemic, it is very tempting to concentrate on what you and your business does best.