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Britain to warn companies cyber security must be 'absolute priority'

  • On Friday, Pat McFadden organized a meeting with national security representatives, including Richard Horne, CEO of the UK's National Cyber Security Centre, to discuss the assistance being offered to retailers impacted by recent cyberattacks.
  • This briefing occurred after British businesses, public bodies, and institutions experienced a wave of cyberattacks causing operational and financial disruptions in recent years.
  • Retailers such as Marks & Spencer, which stopped online orders on April 25 due to contactless payment and click-and-collect issues, were among the targets, and the government plans to introduce the Cyber Security Bill to strengthen defenses.
  • According to a recent government survey, phishing remains the most prevalent and disruptive cyber attack, affecting 85% of businesses. Additionally, a separate report revealed that online crime targeting small businesses has surged dramatically, increasing from 20% to 72% over the past four years, underscoring growing cybersecurity threats.
  • In response, organizations like the Federation of Small Businesses and Cheshire Police have launched awareness programs and events to help small firms build resilience against online fraud amid evolving cyber threats.
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Bloomberg broke the news in United States on Friday, May 2, 2025.
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