According to Techmonitor, 48 percent of London boroughs have invested in cyber insurance, leaving 17 boroughs vulnerable to a significant loss in the event of a cyberattack. In the beginning of 2020, Hackney council was the victim of a phishing attack, where confidential information was compromised and the council incurred losses of £10 million. A study conducted by Ispos Mori and is currently funded by The Department of Digital, Culture, Media, and Sport showed that cyberattacks have both short- and long-term effects, making it extremely difficult for policy makers to fully understand the cost of an attack.
About the Author
The opinions expressed in this post belongs to the individual contributors and do not necessarily reflect the views of Information Security Buzz.
