PARTNERSHIPUPDATE - PARTNERSHIPUPDAT The cyber threat to UK businesses B


Update from the City of London Police on Fraud


etween April and September 2018, victims across England and


Wales reported losing more than £34m to cyber crime.


Extortion and business-related account hackings were among the most common forms of cyber crime affecting businesses. Here we provide some simple steps that businesses, whether big or small, can take to protect themselves from the most common cyber crime threats reported to Action Fraud.


Compromised social media and email accounts


Email and social media are increasingly the main channels of communication between a business and its customers, and any compromise of those channels could lead to significant financial and reputational damage. During a six month period in 2018, businesses reported losing £6.7m as a result of compromised email and social media accounts. We advise business users to lockdown these accounts by using strong, unique passwords and enabling two-factor authentication (2FA) where it’s available.


Have you seen our NEW Member Benefit?


The Security Institute are thrilled to announce the launch of their FREE mobile app, developed for members to track their annual CPD progress!


Read the latest news articles, book onto events, pay subscription fees and receive CSSC message on the go.


THE SECURITY INSTITUTE APP IS AVAILABLE TO DOWNLOAD NOW FOR FREE ON APPLE AND ANDROID MOBILE DEVICES


20 © CI TY S ECURI TY MAGAZ INE – S PRING 2019


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