2022 Cyber Security Incentives and Regulation Review

Posted 13th April 2022

January saw the publication of the 2022 Cyber Security incentives and regulation review. You can find the full report here.

But important excerpts include:

“ The cyber threat is significant and growing, yet cyber attacks are not always sophisticated. Attacks frequently succeed as a result of poor cyber hygiene and the exploitation of known vulnerabilities”

“The National Cyber Security Centre (NCSC) reported a significant rise in ransomware attacks on the UK in 2020, including an attack against Redcar and Cleveland Borough Council which cost the Council an estimated £10.4 million.”

“As supply chains become increasingly interconnected, vulnerabilities in suppliers’ products and services correspondingly become more attractive targets for attackers seeking to gain access to organisations.”

“Cyber threats are increasingly reaching organisations through vulnerabilities in their suppliers, or supplied products and services. Recent high-profile cyber incidents, where attackers have used vulnerabilities in the supply chain as a means to attack companies, are a stark reminder that seemingly small players in an organisation’s supply chain can introduce disproportionately high levels of cyber risk.”

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