Science Minister David Willetts has been speaking his mind about UK businesses and their attitude towards cyber-attacks at the Infosecurity Europe show.
He urged enterprises to be more honest and forthcoming when it comes to admitting attempted cyber-attacks and data breaches.
Willetts stated: "I want large companies to be very frank about the problems they face and much more open about threats and cyber security attacks."
Currently, firms aren't necessarily so open about cyber-security incidents, as they worry that admitting to them could paint the firm in a bad light, and potentially lead to the loss of investor confidence. Willets compared this attitude to that of the banks a decade ago, who were similarly reticent when it came to fraud cases.
But covering up and keeping things on the quiet doesn't help when it comes to the investigation of cyber-incidents, evaluating the scale of the problem, and concocting defence measures.
Also at the Infosecurity show, in a keynote speech EC vice president Nellie Kroes detailed her vision for an EU internet security strategy, and called for measures to enforce the swift reporting of security breaches among private enterprises. Measures that should be coming into effect in the third quarter.
Willetts further warned on the protection of intellectual property, noting that IP theft was on the rise, and he was "shocked by companies that don't properly protect their IP".
Source: The Register (opens in new tab)