Handling the threat of cybercrime—recent developments

Published on: 24 May 2021

Published by: LexisPSL

Handling the threat of cybercrime—recent developments
The threat from cybercrime is greater than ever. If a company has been a victim of cybercrime, what are the immediate steps it should be taking?
What are the reporting obligations a company faces when it has been a victim of cybercriminals and what are the incentives to report this type of crime?
Against that, what might be the incentives to eg pay ransoms? What might be the collateral impact of opting for either course on the company's wider community?
How can companies and the government work better together to mitigate the risks posed by cyber criminals?
What changes would you like to see in the way regulators and enforcement authorities incentivise or deal with companies who have been the victims of cybercrime?

Article summary

Corporate Crime analysis: The 2021 CyberUK conference was held on 11 May 2021, where the Secretary of State, Priti Patel, emphasised the scale of cyber security threats which UK businesses and persons are subjected to daily, and announced the government’s legislative plans to address them. David Mcllwaine, partner, Mastane Williamson, associate and Alexandra Bertz, trainee solicitor from Pinsent Masons, highlight the implications if cybercrime and how they need to be dealt with. Sign in or take a trial to read the full analysis.