FOCUS 22
PROTECT YOURSELF AGAINST CYBER CRIME
by MALCOM MARSHALL In 2012 Cyber attacks were
identifi ed by the World Economic Forum as one of the top fi ve global risks. Cyber crime is inevitably high on the agenda for fi nancial services institutions and internet businesses, but can manufacturing executives rest easy?
C 1
yber crime has become big business. In the UK alone, cyber attacks cost companies some £27 billion a year, according to research published by the Cabinet Offi ce1
,
including £9.2 billion attributed to intellectual property theft and £7.6 billion to industrial espionage.
Some sectors and companies – such as fi nancial services and defence have been fi ghting attacks for many years but the range of sectors and the variety of tackers is growing, with manufacturing increasingly in the cross-hairs. According to Symantec’s latest report on internet security, manufacturing was the most targeted sector for cyber crime in 2012, accounting for a quarter of all attacks. This was confi rmed at a recent UK conference when a straw poll of senior manufacturing executives found that one in three had been subject to an attack or knew of a company that had seen a security breach. In one recent case, an electronics manufacturer was targeted by an environmental group for its use of ‘confl ict minerals’. Sensitive information was taken in a cyber attack and published online.
Source:
https://www.gov.uk/government/publications/the-cost-of-cyber-crime-joint- government-and-industry-report
© 2013 KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and a member fi rm of the KPMG network of independent member fi rms affi liated with KPMG International Cooperative, a Swiss entity. All rights reserved.
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CYBER
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