The Cabinet Office estimates that cybercrime costs the UK £27bn per annum and that UK businesses are feeling the biggest impact, with 77% of the total sum being attributed to industry.
To examine the growing risks posed, BCS, The Chartered Institute for IT, is hosting fringe events at both the Labour and Conservative autumn party conferences entitled “Cybercrime: Our biggest emerging threat?”
Banks, manufacturers, energy suppliers and broadcasters are among those attacked, in addition to Government departments, engineering firms, academic institutions and even charities.
Dr Michael Westmacott, Chairman of the BCS Young Professionals Information Security Group, who is speaking at the events, says: “Cybercrime affects the economic well being of individuals, companies and organisations. As technology becomes more affordable and available, the potential opportunities for criminals and hackers to mount attacks increase. Effective prevention and policing of cybercrime by Government and the private sector carries with it a number of logistical, financial and ethical challenges.“
These key issues will form the basis for discussion and include:
* The impact of cybercrime on the UK economy and how we are tackling the growing, significant financial threat of e-crime to protect our UK citizens and businesses
* The cost implications faced by governments and companies to provide adequate security
* Keeping the balance between protecting the public and businesses, and safeguarding the individual’s right to privacy, at the same time as fully exploiting the economic growth the online market can bring to UK PLC
Confirmed panellists for the Labour conference event on 24 September, from 17.30 - 18.45 at Durham Hall 1, Hilton Metropole Brighton include: Chi Onwurah MP, Shadow Minister for the Cabinet Office, Dr Michael Westmacott, Portcullis Computer Security Limited and Stella Creacy MP, Shadow Minister for Crime Prevention, with Paul Waugh, Editor in Chief of Politics Home as Chairman.
The panellists for the Conservative event on 30 September from 19.30 - 21.00 at Central 4, Manchester Central include Dr Michael Westmacott, Portcullis Computer Security Limited, James Brokenshire MP, Parliamentary Under-Secretary of State (Crime and Security) Home Office and Chloe Smith MP, Parliamentary Secretary (Minister for Political and Constitutional Reform) Cabinet Office, with Paul Waugh, Editor in Chief of Politics Home as Chairman.