TalkTalk Cyber Attack Highlights the Risks to SMEs By Adam King Security Consultant at PGI Cyber I’m sure we’ve all heard of the cyber-attack against TalkTalk back in October. It was big news. Hackers were able to steal sensitive customer data from the phone and broadband provider, including names, addresses, telephone numbers, account information and banking details. No doubt the company suffered massive fines for the lack of security around sensitive and personal data. The problem is, there are much greater costs incurred… Overall, TalkTalk have estimated a total cost of £60m as a result of the cyber-attack. They have estimated a loss of 100,000 customers, and severe reputational damage will likely decrease the number of new customers signing the dotted line until this mess has been forgotten. It’s lucky that TalkTalk are such a large organisation. Smaller companies often find a cyber-attack so crippling that they have to close....
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