Cyberattacks – why FDs and CIOs need to collaborate

The growing threat of cyberattacks remains for all UK businesses. It could result in Cyber Vandalism – such as the publication of a fake terror attack at UK stations thanks to an admin error that impacted National Rail, fake voices and images – known as a deepfake attack – scammed the British design firm Arup out of $25m (£19m) or a ransomware attack on payroll data at the Ministry of Defence. Incidentally, as well as data, ransomware gangs stole more than $1bn last year, according to US blockchain analysis firm Chainalysis. 

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