Conveyancing Searches At Risk By Unprecedented Cyber Attacks

Real world experience and impact of cyber attacks…:

[…] Councils across the UK are facing unprecedented numbers of cyber-attacks, with nearly half (49%) of local councils being targeted since the start of 2017, according to Gallagher – one of the world’s largest insurance broking, risk management and consulting services companies.

Freedom of information (FOI) requests by Gallagher found that out of the 203 councils that responded, 101 had experienced an attempted cyber-attack on their IT systems since 2017. More than a third (37%) of these local authorities had experienced cyber-attacks in the first half of this year.

The councils admitted to experiencing 263 million attacks in the first six months of 2019. A further 204 councils either declined the information request over security concerns or failed to respond, suggesting the true number of attacks across all councils could be more than double this and exceed 500 million in the first half of this year.

Since the beginning of 2017, 17 attacks were reported to have resulted in a loss of data or money. An average successful cyber attack on a council results in costs of £430,000. The financial impact of such attacks can be extensive, with one council reporting a loss of over £2 million.


Original article here