logo
More than 25% of UK businesses hit by cyber-attack in last year, report finds

More than 25% of UK businesses hit by cyber-attack in last year, report finds

The Guardian7 hours ago

More than one in four UK businesses have been the victim of a cyber-attack in the last year and many more risk 'sleepwalking' into such disruption unless they take urgent action, according to a report.
About 27% of companies said their building had suffered a cyber-attack in the last 12 months, according to a survey of facilities managers, service providers and consultancies undertaken by the Royal Institution of Chartered Surveyors (Rics) and shared with the Guardian. The figure is up from 16% a year ago.
Almost three-quarters (73%) of more than 8,000 business leaders believe that a cybersecurity incident will disrupt their business in the next 12 to 24 months. Rics identified cybersecurity and digital risk as one of the biggest and fastest-growing threats to owners and occupiers of buildings.
Marks & Spencer was forced to halt orders on its website for almost seven weeks after a major attack in April, which caused clothing sales to fall by a fifth in the four weeks to 25 May. It lost ground to rivals such as Next, Zara and H&M.
As cybercriminals' techniques become more sophisticated, attacks on critical infrastructure and data breaches are becoming more common, Rics said. This is going to be exacerbated by the rising capability of artificial intelligence and the pace of technological change.
Rics warned that some buildings may be using dangerously outdated operating systems. It said a building opened in 2013 could conceivably use Windows 7, an operating system that has not received security updates from Microsoft in more than five years.
Paul Bagust, the head of property practice at Rics, said: 'Buildings are no longer just bricks and mortar, they have evolved into smart, interconnected digital environments embracing increasingly sophisticated and ever-evolving technologies to enhance occupier experience.
'This has led to increasing data being collected and used to inform decision-making; at the property manager, building user, occupier and owner levels. However, while these technologies bring many benefits, from efficiency gains and reduced negative impacts on the planet, they also create multiple risks and vulnerabilities which can be exploited by those looking to cause disruption.'
The report identified operational technology such as building management systems, CCTV networks, Internet of Things devices and access control systems as risk areas. This ranges from automated lighting and heating, and ventilation and air conditioning systems, to advanced security protocols and energy management.
Sign up to Business Today
Get set for the working day – we'll point you to all the business news and analysis you need every morning
after newsletter promotion
Bagust added: 'It is inconceivable to imagine a world where technology will not continue to pose a growing risk to a building's operation … Failure to identify these growing digital challenges and incorporate security countermeasures risks businesses sleepwalking into cyber-attacks.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Israel's Cato networks raises $359 million, valued at more than $4.8 billion
Israel's Cato networks raises $359 million, valued at more than $4.8 billion

Reuters

time20 minutes ago

  • Reuters

Israel's Cato networks raises $359 million, valued at more than $4.8 billion

JERUSALEM, June 30 (Reuters) - Israeli cybersecurity firm Cato Networks said on Monday it raised $359 million in a late stage private funding round that it said values the company at more than $4.8 billion. New investors, including Vitruvian Partners and ION Crossover Partners, as well as existing investors, including Lightspeed Venture Partners, Acrew Capital, and Adams Street Partners, participated in the financing round. The latest investment brings the total funding raised to more than $1 billion, the company said, saying its mission is to "redefine enterprise security for the digital and AI era."

EU tech rules not included in U.S. trade talks, EU Commission says
EU tech rules not included in U.S. trade talks, EU Commission says

Reuters

time20 minutes ago

  • Reuters

EU tech rules not included in U.S. trade talks, EU Commission says

BRUSSELS, June 30 (Reuters) - The European Union's landmark rules reining in the power of Big Tech and requiring them to do more to police the Internet are not part of trade talks with the United States, a European Commission spokesperson said on Monday. "The legislations will not be changed. The DMA (Digital Markets Act) and the DSA (Digital Services Act) are not on the table in the trade negotiations with the U.S.," spokesperson Thomas Regnier told a daily news conference.

Collection of 20 barely used McLaren supercars amassed by F1 team's late co-owner Mansour Ojjeh for sale
Collection of 20 barely used McLaren supercars amassed by F1 team's late co-owner Mansour Ojjeh for sale

Daily Mail​

time21 minutes ago

  • Daily Mail​

Collection of 20 barely used McLaren supercars amassed by F1 team's late co-owner Mansour Ojjeh for sale

A unique collection of 20 barely used McLaren road cars worth millions of pounds is being offered for sale with the hopes that one very wealthy buyer can be found to snap up the lot. The incredible haul of British super- and hypercars make up the garage of the McLaren Formula One team's late co-owner Mansour Ojjeh, who died in 2021. Derbyshire-based classic car dealer Tom Hartley Jnr has been appointed to manage the sale, which is expected to fetch more than £50million ($70m). The luxury motor dealer recently oversaw the sale of former F1 supremo Bernie Ecclestone's collection of 69 historic grand prix and Formula One racers, which were bought as package by Red Bull heir Mark Mateschitz. And the plan is to do the same again with this staggering assortment of McLaren road cars, most of which are completely unused. Kathy Ojjeh, the widow of Mansour said: 'Parting with this very personal collection is not easy, but it is time for it to go to its new custodian, one who truly 'gets it' and will cherish owning and caring for it the way Mansour did.' Ojjeh's collection is headlined by the very last version of the iconic 1990s McLaren F1 ever produced by the Woking factory in Surrey. The 1998 model is finished in a unique 'Yquem' colour that was subsequently renamed 'Mansour Orange' by McLaren. It has just over 1,120 miles (1,800km) on the clock and alone is estimated to be worth around £15million, given its rarity and provenance. Only 106 of the McLaren F1 sportscars were built between 1992 and 1998, though just 64 were road-registered while the rest were reserved for competition use. It was recently voted fifth greatest British car ever made. Rowan Atkinson famously previously owned one of the 64 road cars - and crashed it twice, with the second collision causing extensive damage. However, despite buying it new in 1996 for around £6400,000, then forking out £900k to have it repaired (in what is believed to still be Britain's highest ever single car insurance payout), he sold the F1 in 2015 for £8million. Another example from 1995 with just 242 miles from new was bought at auction in 2021 for $20.4million (£17.4m at the time) to become the most expensive F1 ever. However, given the fact this car makes up Ojjeh's collection - and is the last road car produced - it could be worth even more. All the other cars are in the same orange colour and all are the final chassis made of each model, increasing their significance and value. Apart from the F1 and a P1 GTR (used occasionally on McLaren-exclusive track days), the cars are all unused and have been maintained by the manufacturer. The collection features a host of iconic models from the car maker's 30-year back catalogue, including a Speedtail, P1, Senna, Elva, and Sabre – the latter being the last of only 16 examples ever produced – plus special and limited Longtail and Le Mans editions. All 20 have been photographed together in a jaw-dropping displayed captured at the Bahrain F1 circuit. 'Mansour was a founding father of McLaren as we know it today,' said McLaren Racing chief executive Zak Brown in a statement. 'A massively passionate racer and automotive enthusiast and no bigger fan of McLaren. His collection is very special, I´m not aware of anything else that compares with it,' added the American, who has his own impressive collection of racing and road vehicles. Kathy Ojjeh added: 'McLaren meant so much to Mansour. It was more than business, it was pure passion and it was in that vein that he curated this unique collection of McLaren road cars. 'The 'Last of Legends' car collection is a treasure for our family – a reminder of the hours we witnessed Mansour designing each car to his specifications. 'He had an unusual talent for detail that stuns and impresses, a talent driven by the very passion he nurtured for so many years with McLaren.' Tom Hartley Jnr commented: 'This is the most significant McLaren road car collection ever assembled, and I sincerely hope it is acquired by a single buyer, just as the Ecclestone Grand Prix collection was which we sold earlier this year.' Ojjeh, a Paris-born Saudi businessman, succeeded his father as CEO of Techniques d'Avant Garde (TAG) and sponsored the Williams F1 team in 1979. He then took an ownership stake in McLaren in 1984, financing the development of TAG-Porsche engines that won two constructors' titles and three drivers' championships. Ojjeh, who died at the age of 68, was a key figure in launching McLaren Automotive with Ron Dennis.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store