Wm. Morrison, one of the UK's largest supermarket chains, has had the details of more than 100,000 staff stolen. While far fewer people have been affected by this data theft than in others recently reported.
Learning from Targets experience
In the run up to Christmas the US retailer Target (TGT) found itself victim of a data theft with some 70 million customers credit details involved and once the news was out the effect on the business was immediate.
High profile negative media coverage on Target filled news pages just as it needed customers to open wallets and spend.
The Commerce Department's National Institute of Standards and Technology (NIST) have released their Framework for Improving Critical Infrastructure Cybersecurity to help organizations charged with providing the nation's financial, energy, health care and other critical systems better protect their information and physical assets from cyber attack.
Implications for enterprises
David Willetts, Minister for Universities & Science, has launched a new guide from the ICAEW giving practical advice to the corporate finance sector, with Government and industry backing.
The guide urges companies to make cyber-security a higher priority during transactions.
NCC Group, CRIF founding members, have contributed to this cyber insurance paper written by the Centre for Internet Safety (CIS) at the University of Canberra.
The CIS was created to foster a safer, more trusted internet by providing thought leadership and policy advice on the social, legal, political and economicimpacts of cyber crime and threats to cyber security.