11-11-2005, 06:06 AM
NEWS RELEASE
9 November 2005
Criminal activity has capacity to bring down UK business, security
expert will warn delegates at CIMA conference
CEOs and boards need to be vigilant about the threats posed by a global
organised crime industry that has the capacity to be able to bring down
firms at will. For while the audit process can effectively identify
financial risks, UK businesses of every size are at risk from the
activities of cyber criminals, including digital fraud and extortion. That is
the message DK Matai, Chairman of bespoke online security firm mi2g,
will deliver to delegates at tomorrowâs (Thursday 10 November) CIMA Annual
Conference in London, as global organised crime is estimated to have a
gross annual profit of between US$1.25 and $1.5trillion per annum -
roughly equivalent to the GDP of the UK.
The warning from Mr Matai will come as he joins an expert line-up of
economists and business leaders at the Chartered Institute of Management
Accountantsâ annual conference. It also coincides with a prediction by
the mi2g Intelligence Unit that there is a growing requirement for
governmental intervention to protect economic targets, in the face of an
almost doubling of hacking incidents every three months, which have moved
away from government departments to focus on SMEs and large
corporations.
Speaking at tomorrowâs CIMA conference, Mr Matai will tell delegates
âWith as much as 25 per cent of organised criminal activity operating
behind the safety of a nominally legal business, and identity theft,
denial of service, phishing scams and credit card fraud all rising,
organised and cyber crime is an issue with the potential to affect businesses
of every size in the UK. That means criminal and extremist groups have
the capacity to bring a small, medium or large business down at their
will and boards need to beware.â
- ENDS â
For interviews, photographs and further information please contact
Lynda Hardy Maskell
Chief Press Officer, CIMA
020 8849 2347
[email protected]
BELIEVING IN YOURSELF IS THE FIRST STEP TO SUCCESS.
never tell Allah how big ur worris are?...........just tell ur worries how big ALLAH is .....
[email protected]
9 November 2005
Criminal activity has capacity to bring down UK business, security
expert will warn delegates at CIMA conference
CEOs and boards need to be vigilant about the threats posed by a global
organised crime industry that has the capacity to be able to bring down
firms at will. For while the audit process can effectively identify
financial risks, UK businesses of every size are at risk from the
activities of cyber criminals, including digital fraud and extortion. That is
the message DK Matai, Chairman of bespoke online security firm mi2g,
will deliver to delegates at tomorrowâs (Thursday 10 November) CIMA Annual
Conference in London, as global organised crime is estimated to have a
gross annual profit of between US$1.25 and $1.5trillion per annum -
roughly equivalent to the GDP of the UK.
The warning from Mr Matai will come as he joins an expert line-up of
economists and business leaders at the Chartered Institute of Management
Accountantsâ annual conference. It also coincides with a prediction by
the mi2g Intelligence Unit that there is a growing requirement for
governmental intervention to protect economic targets, in the face of an
almost doubling of hacking incidents every three months, which have moved
away from government departments to focus on SMEs and large
corporations.
Speaking at tomorrowâs CIMA conference, Mr Matai will tell delegates
âWith as much as 25 per cent of organised criminal activity operating
behind the safety of a nominally legal business, and identity theft,
denial of service, phishing scams and credit card fraud all rising,
organised and cyber crime is an issue with the potential to affect businesses
of every size in the UK. That means criminal and extremist groups have
the capacity to bring a small, medium or large business down at their
will and boards need to beware.â
- ENDS â
For interviews, photographs and further information please contact
Lynda Hardy Maskell
Chief Press Officer, CIMA
020 8849 2347
[email protected]
BELIEVING IN YOURSELF IS THE FIRST STEP TO SUCCESS.
never tell Allah how big ur worris are?...........just tell ur worries how big ALLAH is .....
[email protected]
