Cybersecurity - How To Keep Your Confidential Information Safe

Cybersecurity is now a major issue for businesses. Inadequate security can expose a business to regulatory action, as well as legal action from clients and contacts with the resulting financial loss. Reputational damage can be considerable and have a real impact on a business due to clients’ loss of confidence and the lack of faith in its security. Businesses hold sensitive information about their customers, suppliers and other business partners. If commercially important data leaks out or is stolen, the consequences can be significant, including:

• Legal claims by customers and suppliers
• Regulatory investigations
• Fines due to breaches of data
• Business interruption

The Cyber Security and Resilience Bill introduces stricter reporting obligations and stronger enforcement powers. National Cyber Security Centre (NCSC) has reported a rise in significant incidents. The consequences of an attack on agencies involved in national security can be extremely serious and governments