BRC invites students to help tackle cyber security threats in the UK retail industry

BRC invites students to help tackle cyber security threats in the UK retail industry

 

The BRC has launched a new cyber security student challenge with the chance to win up to £500

London, 2017-Mar-30 — /EPR Retail News/ — The BRC is inviting students at UK higher education institutions to participate in a paper contest on ‘cyber security risks facing the UK retail industry’, with a focus on how to tackle them. The challenge, which is open to any student based at a UK higher education establishment, invites students to offer new ideas on how government, law enforcement and industry should work together to tackle the main cyber security threats facing retail in the UK.

Entries will be judged by a panel of leading cyber security scholars from Imperial College, London, UCL, and King’s College, London. Successful candidates will be awarded prizes totalling £800 with the winner of the competition will also be given the opportunity to present their paper to members of the BRC’s Fraud and Cyber Security Group, as well as have their work printed in the BRC’s regular membership magazine, The Retailer.

Hugo Rosemont, Crime and Security Policy Adviser at the BRC said:

“Today we’re posing a new challenge around a pressing issue and we think that students across the country will rise to it. Working closely with partners in academia, this initiative has been designed to provide an opportunity to encourage a future generation of cyber security leaders to engage with issues of rapidly increasing importance to the UK. An estimated 53 per cent of reported fraud in the retail industry is cyber-enabled, which represents a total direct cost of around £100 million to UK businesses. The retail industry has long been investing in its cyber resilience in this context, however this is a rapidly evolving field and we are inviting the next generation to come forward with suggestions of new ideas and innovation that can help us keep on top of the challenges facing businesses.”

The challenge is being hosted as part of the BRC’s campaign on cyber security. The BRC recently launched a cyber security ‘toolkit’ for retailers that provides businesses of all sizes with a practical, step-by-step guide to prevent and manage cyber security threats and protect the customers they serve. The toolkit is for the whole of the retail industry and it was launched by Home Office Minister Sarah Newton earlier this month, and has received support from, amongst others, the UK’s new National Cyber Security Centre.

For details and conditions of the competition: entry guidelines

Contact:

BRC Press Office
TELEPHONE: + 44 (0) 20 7854 8924
EMAIL: media@brc.org.uk

Source: BRC

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BRC launches cyber security “toolkit” to prevent and manage cyber security threats

London, 2017-Mar-08 — /EPR Retail News/ — The BRC has today (March 07, 2017) launched a cyber security ‘toolkit’ that will provide retail businesses of all sizes with a practical, step-by-step guide to prevent and manage cyber security threats and protect the customers they serve.

The BRC Cyber Security Toolkit, launched in London today by the BRC and Home Office Minister Sarah Newton MP, is the first of its kind. The toolkit aims to provide retailers with practical guidance to ensure they have the appropriate preventative and response measures in place to reduce their vulnerabilities and to protect both themselves and their customers.

For retailers, the online market has seen huge growth in recent years with online sales growing by around 10 to 15 per cent each year. The same period has seen the parallel rise of ever more elaborate forms of cyber-related crimes such as ‘doxing’, ‘whaling’ and ‘spoofing’ against both retail businesses and online shoppers. In developing this toolkit, the BRC and its members were driven by a desire to keep pace with the evolving risks associated with operating online and also to ensure they meet customer expectations around the protection of personal data.

The toolkit’s recommendations to retail businesses include: establishing cyber security as a board level issue, retail-specific information-sharing, completing a cyber security risk assessment, and creating an incident response plan. The toolkit also provides a guide to preparing, responding, recovering and reviewing attacks.

Consumers spend approximately one in four pounds online. According to the BRC Annual Retail Crime Survey 2016, an estimated 53 per cent of reported fraud in the retail industry is cyber-enabled, which represents a total direct cost of around £100 million.

HUGO ROSEMONT, POLICY ADVISER ON CRIME & SECURITY AT BRC, SAID:

“The UK is one of the leading e-commerce markets in the world. The BRC Cyber Security Toolkit is designed to equip British retailers with the know-how, guidance and practical support that will help the industry stay ahead of the ever evolving threats posed by cyber-related criminality. All parts of the retail industry have a large and growing stake in keeping customers safe and secure, and the industry is committed to ensuring the strongest possible measures are in place – all the way through from prevention to incident response.”

SARAH NEWTON, MINISTER FOR VULNERABILITY, SAFEGUARDING AND COUNTERING EXTREMISM SAID:

“Crime is changing and so the way we all work to tackle it must change too.

“We are already taking world-leading action to stamp out cyber crime and fraud, including investing £1.9 billion in cyber security over five years. But as we have said, the Government cannot do this alone.

“Businesses have a responsibility to take steps to protect themselves and their customers, which is why we are delighted that the BRC has introduced their Cyber Security Toolkit to help retailers to do so.”

DR IAN LEVY, TECHNICAL DIRECTOR AT THE NATIONAL CYBER SECURITY CENTRE, SAID:

“The retail sector is vital to the UK’s economic well-being and both the sector and its supply chain are increasingly reliant on online safety and security.

“The NCSC is delighted to be working with the BRC in finding innovative ways to make the UK a safe place for citizens, e-commerce, small businesses and large chains to do retail business online.

“We are committed to giving individuals and businesses of all sizes confidence to deliver success in our increasingly digitalised economy, and were pleased to support the development of this toolkit.”

Notes to Editors

  1. The Cyber Security Toolkit for retailers was developed under the auspices of the BRC’s Fraud and Cyber Security Member Group and has benefitted from formal and informal consultation.
  2. Consumers spend approximately one in four pounds online: BRC- KPMG Online Retail Sales Monitor February 2017
  3. The BRC Annual Retail Crime Survey 2016 is here: http://brc.org.uk/media/116348/10081-brc-retail-crime-survey-2016_all-graphics-latest.pdf An estimated 53 per cent of reported fraud in the retail industry is cyber-enabled, which represents a total direct cost of around £100 million. Representing around 15% of the total cost of retail crime, cyber-enabled fraud covers traditional categories of deception (such as scams or other forms of social engineering) which, according to the Government’s definition, can be increased in scale through the use of computers or other information and communications technology (ICT). Cyber-crime, by contrast, are crimes (such as hacking to steal data) that can be committed only through ICT. As a conservative first estimate, this latter category represented a direct financial loss to the retail industry of around £36m in 2016.
  4. For detail on the character of threats including doxing, whaling and spoofing, the BRC Cyber Security Toolkit contains a Glossary of Cyber Security Threats and Terminology (pp.39-40).

Contact:

BRC Press Office
TELEPHONE: + 44 (0) 20 7854 8924
EMAIL: media@brc.org.uk

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BRC launches cyber security “toolkit” to prevent and manage cyber security threats

Source: BRC

 

The British Retail Consortium welcomes UK’s new National Cyber Security Strategy

London, 2016-Nov-02 — /EPR Retail News/ — The British Retail Consortium (BRC) welcomes the publication today (November 01, 2016) of the UK’s new National Cyber Security Strategy (2016-2021).

The Government’s decision to allocate £1.9bn investment towards implementing the new approach is an important move, and reflects the now widely-acknowledged reality that a step-change is needed to tackle this enormous societal challenge. The retail industry looks forward to developing the strong partnerships that have already being created with government and law enforcement agencies in this area, and working with partners including the new National Cyber Security Centre (NCSC) to ensure that the UK is secure and resilient to cyber threats.

The indication in the strategy that the government will define how the private sector and the public engage with the Government during a cyber incident, and that the

Government’s level of support for each sector will be clearly defined and understood, is particularly welcome. The retail industry has been calling for greater coordination around the response to cyber security incidents and the BRC believes the creation of the NCSC in support of the strategy presents a unique opportunity to begin to develop a more coordinated approach to public-private cooperation.

HUGO ROSEMONT, CRIME AND SECURITY POLICY ADVISER AT THE BRC SAID:

“Strong public-private cooperation is an essential ingredient of an effective approach to cyber security, and the emphasis the new strategy places on partnership with industry is very encouraging. Following hot on the heels of the recent launch of the NCSC, the strategy is an effective framework that can help to strengthen the UK’s digital resilience. The British population is one of the world’s biggest users of e-commerce and the retail industry is encouraged by the steps the Government is taking to work with industry, and make sure the UK is one of the safest places to do business online.”

Contact:

TELEPHONE: + 44 (0) 20 7854 8924
OUT OF HOURS: +44 (0) 7557747269

Source: BRC

BRC welcomes UK’s new National Cyber Security Centre

LONDON, 2016-Oct-04 — /EPR Retail News/ — The UK’s new National Cyber Security Centre (NCSC) officially launches today (October 3, 2016) as a public-facing part of GCHQ, through which the government will deliver authoritative advice on tackling industry wide cyber-security issues. The British Retail Consortium (BRC) fully supports the creation of the National Cyber Security Centre (NCSC) because a key priority for the BRC is to work with authorities across the country to counter the blight of cyber-attacks and criminality affecting the retail industry.

For many years, the BRC has actively encouraged the Government to simplify the UK’s cyber security structures, especially those relating to how to organize public-private cooperation. Whilst ambitious, the stated aim for the NCSC to become ‘a single point of contact for the private and public sectors alike’ is an extremely encouraging development.

The Government has broadened its approach to industry engagement on cyber security, as represented by the NCSC’s remit, to cover all sectors of the economy. The BRC believes that the retail industry should be considered by the NCSC as a ‘sector of strategic or significant economic importance’, and that the new centre includes within its scope, regular engagement with, and new levels of support for, the retail sector in the event of serious cyber security incidents.

Hugo Rosemont, Crime and Security Policy Adviser at the BRC said: “Today’s launch of the UK National Cyber Security Centre is a hugely positive development. The BRC’s cyber security priorities are focussed on helping to protect the retail industry and the customers it serves, and we believe that the new centre offers a massive opportunity to deliver the integrated approach that is needed to protect UK cyberspace. Our work is also driven by the belief that an effective approach to ensuring cyber security across society demands strong public-private partnership working. The retail industry should be seen as a core partner of the organisation and we stand ready to engage with the NCSC in a constructive manner.”

For media enquiries:
Zoe Maddison
Communications Assistant, BRC
Tel: +44 (0)20 7854 8924
Zoe.maddison@brc.org.uk

Source:  British Retail Consortium