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All industries should implement effective business continuity plans to guard against the threat of cybercrime, it has been claimed.
The comments were made by data firm Node4 following an exercise in London which tested how the financial services sector would react should a major technological disruption hit their defences during the London 2012 Olympics.
Some 87 businesses were involved in the exercise by the Financial Services Authority to test the financial sector's response to a cyber attack.
Businesses across all sectors can learn from the exercise, said Andrew Gilbert, managing director of Node4.
"This type of approach is encouraging because it displays serious commitment to security and should be replicated across all sectors," he explained.
"Cyber attacks can and do cause serious damage to major companies with the country losing £27 billion every year, mostly through stolen intellectual property."
Article courtesy of Aviva PLC. Published 29-11-2011
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