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State-sponsored cybercrime on industrial scale says MI5 chief

Director General of MI5 Jonathan Evans has given a speech discussing the growth of organised cybercrime targeting UK businesses and government. He described the extent of the problem as astonishing with industrial-scale processes involving many thousands of people lying behind both state sponsored cyber espionage and organised cyber crime and called upon the private sector and government to improve its information-sharing about cyber attacks. The head of the British Secret Service described how one major London listed company estimated that it had lost some 800m as a result of hostile state cyber attack”]

Source: https://grahamcluley.com/state-sponsored-cybercrime-on-industrial-scale-says-mi5-chief/

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