Internet security consultancy @stake claims new legislation highlights
general misunderstanding of corporate security
New anti-terrorism laws that came into force on Monday 19 February 2001
under The Terrorism Act 2000 c.11 will mean that criminals face arrest and
prosecution if the cybercrime is found to be motivated by religious,
political or ideological beliefs. According to Part I, section 2E of The
Terrorism Act, terrorism can be defined as an action, "designed seriously
to interfere with or seriously to disrupt an electronic system".
Royal Hansen, practice director Europe @stake, commented, "Although, the
new legislation highlights the Government's growing realisation that
e-security is a real threat to the bottom line of UK businesses, companies
cannot rely on the act for protection. It is not sophisticated enough to
react to the crime and not sufficiently well known to act as a deterrent.
Hacking is a valuable skills set for developing new security technologies,
but when these actions are malicious they can also cause real losses to
business. The seriousness of the problem is highlighted by recent figures
showing that criminal hackers cost European businesses $4.3 billion in the
last year - on average 5-7 per cent of revenue to each company. These
threats demand real-world solutions."
Hansen continued, "While no company's data can be completely secure,
businesses should look to evaluate their individual security requirements.
Rather than relying on a legislation that will be difficult to enforce,
each business must identify the risk of security exposure, together with
the cost of implementing a solution, and assess the level of security
needed to protect their sensitive data."
@stake works where business and technology intersect, because that is
where security is most powerful. The firm integrates technical and
business expertise to build security solutions that look beyond the
network to the security of applications and data, and future business
@stake couples vertical industry expertise in three areas-- financial
services, communication service providers and e-markets-- with pioneering
research, to design and build strategic security solutions that enable the
electronic business initiatives of its Global 2000 clients. Amidst other
providers for whom security services are a way to sell products or drive
the sale of broader service offerings, @stake stands out with its
dedicated focus on security consulting services and the unmatched calibre
of its people.
@stake security consultants and research scientists built their expertise
at premier organisations including the L0pht, Cerberus Information
Security, DERA, the National Security Agency, Axent, BBN, Deloitte &
Touche, Open Market and RSA. @stake matches its unparalleled security
talent with equally strong vertical industry and business expertise drawn
from Sapient, Cambridge Technology Partners, Arthur Andersen, Fleet,
Fidelity, Exodus, Nortel and Interpath.
Contact Brodeur Bfour
Matthew Ward/Lena Ahmed
Telephone +44 (0) 1753 44 8875/8861
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