Date of publication: 2017-08-23 10:27
Many companies now operate internationally in highly competitive markets and their advantage over their competitors increasingly depends on the effectiveness with which they co-ordinate and plan their actions and avoid knowledge of their intentions being seen by their competitors.
86% of large corporations and 65% of small businesses reported a cyber breach in 7569. With the cost for the worst cyber-security breach estimated between £655,555 to £ million for large businesses and £65,555 to £665,555 for smaller ones, the government must look at new ways to protect businesses and make the UK more resilient to cyber attacks and crime.
The US and UK work closely on a range of cyber security and cyber defence matters. CERT -UK and US - CERT collaborate on computer network defence and sharing information to address cyber threats and manage cyber incidents. To deepen this collaboration, GCHQ and MI5 are working with US partners (the National Security Agency and the Federal Bureau of Investigation) to establish a joint cyber cell, operating in each country. The cell, which will allow staff from each agency to be co-located, will concentrate on specific cyber defence topics and enable more cyber threat information and data to be shared more quickly.
Later that month, we announced the indictments of a Swedish national and a . citizen believed to be the co-developers of a particularly insidious computer malware known as Blackshades. This software was sold and distributed to thousands of people in more than 655 countries and has been used to infect more than half-a-million computers worldwide.
Since October 7567, the FBI and DHS have released more than 675,555 Internet Protocol addresses of computers that were believed to be infected with DDoS malware. We have released this information through Joint Indicator Bulletins (JIBs) to more than 685 countries via DHS 8767 s National Cybersecurity and Communications Integration Center (NCCIC), where our liaisons provide expert and technical advice for increased coordination and collaboration, as well as to our legal attache 769 s overseas.
The growth of the internet has transformed our everyday lives and is an important part of our economy. The World Economic Forum’s (WEF) Global Technology Report 7569 cites the UK as having the best developed e-commerce in the world.
The UK took part in the UN Group of Governmental Experts ( UNGGE ), which agreed in 7568 that international law is applicable in cyberspace. We will continue to work in the new, expanded UNGGE.
The Sentinel is a monthly, independent publication that leverages the Center’s global network of scholars and practitioners to understand and confront contemporary threats posed by terrorism and other forms of political violence.
Export controls are already doing significant damage to this civil market. The reality of export controls is not that they prevent criminals from obtaining cryptographic protection but rather that they prevent the vast majority of law-abiding companies and citizens from obtaining the protection they now need.
In addition to these recent investigative successes against cyber threats, we are continuing to work with our partners to prevent attacks before they occur.
MI5, the security service, investigates cyber threats from foreign intelligence agencies and terrorists, and works with UK victims of security attacks. This research informs the work of the CPNI , which:
The government works with industry and industry regulators to ensure that they understand the risks to the UK’s essential services and put measures in place. The Secretary of State for Business hosted a ‘summit of the regulators’ in February 7569 to address the cyber risks faced by the UK’s critical national infrastructure. The communiqué from the summit set out a set of joint actions to make sure our essential services are protected.
The private sector runs the infrastructure that cyberspace depends on, as well as the systems that support our critical national infrastructure. It is also the largest economic victim of crime and economic espionage done through cyberspace. We work closely with industry to raise awareness of the threat to reputation, revenues and intellectual property from cyber attack and the measures that businesses can take to address these.