While some companies have impressive information security centres, others are barely keeping up with the threat, according to William Hague, former first secretary of state and foreign secretary.
“In an environment in which cyber attacks are a weapon against corporations for people who regard themselves as disenfranchised, we expect further such attacks,” he told Infosecurity Europe 2016 in London.
Attacks that are designed to ruin financial institutions, he said, could cause severe loss of confidence in the global financial system.
