The Director General of the British Security Service(MI5), Jonathon Evans, spoke at Mansion House on security threats facing the UK including cyber security issues. Some interesting points fromm the speech include the following.
"Vulnerabilities in the internet are being exploited aggressively not
just by criminals but also by states. And the extent of what is going on
is astonishing – with industrial-scale processes involving many
thousands of people lying behind both State sponsored cyber espionage
and organised cyber crime."
"What is at stake is not just our government secrets but also the safety
and security of our infrastructure, the intellectual property that
underpins our future prosperity and the commercially sensitive
information that is the life-blood of our companies and corporations.
And the threat to businesses relates not only to major industrial
companies but also to their foreign subsidiaries, and to suppliers of
professional services who may not be so well protected."
"One major London listed company with which we have worked estimates
that it incurred revenue losses of some £800m as a result of hostile
state cyber attack – not just through intellectual property loss but
also from commercial disadvantage in contractual negotiations. "
The full speech is available here.