Technology
Businesses ignore cyber attack risk
Around three quarters of small and medium-sized businesses don’t feel they need to take action to improve their organisation’s risk from cyber attack, according to a survey from Cyber Plus Solutions. This is despite 60 per cent of
businesses being identified as having suffered some form of cyber attack during the past 12 months. Cyber Plus Solutions was launched
two years ago by two insurance experts, and is a risk management consultancy. John Byrne, co-founder of Cyber Plus Solutions, said that there was some ‘disconnect’ between the threat from cyber attack to small to medium businesses, and the need of the latter to reduce risk. He said: “The findings of the cyber risk survey should be of interest
to all small to medium businesses owners. Some of our findings indicate a possible disconnect between the reality of the threat to small to medium businesses and the perceived need to reduce risks.” Cyber Plus says that only 31 per of businesses had carried out a
cyber risk assessment in the past 12 months, and only 11 per cent were insured against the threat. However, in the survey of West Midlands-based small to medium
businesses, 94 per cent saw value in implementing a training and awareness programme for staff. Another 94 per cent agreed that cyber risk was a business risk, not
just an IT issue.
John Byrne: threat from cyber attack should concern business owners
West Midlands 5G Limited (WM5G) is investing £2.4m in seven UK-based consortiums to support the development of new products and services to transform transport across the region. The funding competition’s first
phase will deliver various projects that – if successful – will help improve the region’s transport network. The projects are scheduled to run
until the end of 2021, with many set to complete ahead of that deadline, with each including trialling and testing in the West Midlands region. Projects being funded include a
predictive parking system, a tram safety system, a transport demand model and a passenger movement initiative. WM5G Limited is a multi-million-
pound programme that both the West Midlands Combined Authority
Sector Focus
Funding to boost hi-tech projects
(WMCA) and the Department for Digital, Culture, Media and Sport (DCMS) have set-up to develop the UK’s first region-wide 5G testbed. WM5G programme director Chris
Holmes (pictured) said: “We have been delighted with the response to this first competition, which was heavily oversubscribed, and are really pleased to be awarding the funding to projects that we truly believe – when proven – will transform transport within the region. “We look forward to seeing what
our new partners deliver and will support them in the realisation of real and tangible benefits.” A second round of the funding
competition for 5G-enabled road and rail projects is open until 2 December, with companies vying to grab a share of a £2.5m funding pot.
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November 2020 CHAMBERLINK 59
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