London Cyber Conference highlights threat of cyber crime


Cyber security is currently a hot topic and representatives from 60 nations have come together in London to fight back against the dangerously high levels of cyber crime threats across the world.

Amongst the speakers was our own Prime Minister, David Cameron who emphasised the fact that a new approach needs to be taken with regards to cyberspace. 

Mr Cameron spoke about Britain’s individual approach to the issue. He said: “Britain will shortly set out a new approach for better online security, crime prevention and public awareness. But a cross-border problem needs cross-border solutions, which is why the world needs to act together.”

This conference follows on from our recent blog addressing the ‘disturbing’ number of cyber attacks that have been attempted upon the UK. (http://ow.ly/7gnru)

Cyber crime is estimated to cost £1 trillion a year worldwide and £27 billion in the UK alone. David Cameron pointed out that it costs as little as 69p to buy someone’s credit card information online – the same price as a song on iTunes. This highlights the level of access that the hackers are able to obtain in order to distribute such valuable information at such a low price. Business owners from across the spectrum should use this as an indication to pay distinct attention to the security of the company’s data, as just one breach could destroy a business entirely.

The conference addressed the fact that highly sophisticated hacking techniques are being employed which even challenge the level of advanced secure Government data, therefore small to medium businesses need to ensure they have professional IT experts monitoring their own IT security.

British Foreign Secretary William Hague warned that creating an international safe cyberspace is one of the biggest challenges we have come across to date and Britain has prioritised cyber attacks as a tier one threat.

Professor Ross Anderson from Cambridge University told the conference how there is a 1 in 20 risk that any given computer is sending out spam without the owner’s knowledge. On suggesting a solution for the over-riding issue of cyber crime Professor Anderson said: “If you want to defend against this kind of threat it’s not enough to just shoot a few crocodiles, you have to drain the swamp.”

At Netmetix, we can provide a team of IT experts who are constantly updating their knowledge in the field, alongside some advanced security solutions for your business. We can help your business to combat the threats of cyber crime effectively. Just visit www.netmetix.net to see what we can offer!

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About Netmetix

A complete IT solutions provider offering network systems, IT security, cloud computing, support and maintenance. It's all about service.

Posted on November 7, 2011, in Cloudmetix, Cyber Attacks, Cybercrime, Internet Security, IT Security and tagged , , , , , , , , , . Bookmark the permalink. Leave a comment.

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