Watch out for the increasing cybersecurity threat, business leaders caution

TLDR:

Business leaders in Scotland are warning of a rising cybersecurity threat, with an increase in cyber-enabled crime and scams. The amount of fraud committed in the UK more than doubled to £2.3 billion last year, with phishing attacks becoming more sophisticated. The National Cyber Security Centre has highlighted the difficulty in identifying phishing messages due to new AI tools, and the recent disruption of ransomware operator Lockbit by authorities is seen as a positive step. Business owners are advised to be cynical and paranoid about cybersecurity, as hackers are always two steps ahead.

In a recent interview on the Go Radio Business Show, entrepreneurs Sir Tom Hunter and Lord Willie Haughey emphasized the importance of cybersecurity for businesses of all sizes. Sir Tom warned about the increase in scam emails and the prevalence of phishing attacks, urging companies to thoroughly check their procedures and cybersecurity measures. Lord Haughey commended the authorities for disrupting the work of Lockbit, a major ransomware operator, and stressed the impact of cybercriminals on businesses. Both entrepreneurs advised businesses to stay vigilant and stay ahead of cyber threats.

Overall, the message from business leaders is clear: cybersecurity is a critical aspect of business operations in today’s digital landscape. With the increasing sophistication of cybercrime, businesses must invest in robust cybersecurity measures and regularly update their procedures to protect sensitive data and prevent cyber attacks.