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John Stanford

Cyber attacks are having a real impact on companies’ profits

In June this year a piece of malicious software (malware) surfaced in the Ukraine soon began to spread across the world. The malware was a strain of Ransomware which encrypts data before demanding a ransom to be paid in Bitcoin, an internet based digital currency. Maersk was one of the companies that used this accounting software.

Providers of essential services come under cyber security spotlight

Essential service operators could face fines of up to £17 million or 4% of global turnover if they fail to implement effective cyber security measures.