Cyber Monitoring Centre to assess cyber events over £100 million in impact.
The Cyber Monitoring Centre is to officially categorise cyber events impacting UK organisations in order to assess the severity of major cyber events as they occur.
Categorising incidents on a scale from one (least severe) to five (most severe), events that have a potential financial impact greater than £100M, affect multiple organisations and where there is data or information available to enable assessment will be considered.
Once the Technical Committee has categorised an event, the Centre will publish the event category from one to five through multiple channels. Each categorisation will be supported by an event report, which will provide an explanation of the analysis, including additional insights from the analysis work. All this information will be made available free of charge.
Cyber Monitoring Centre chair Ciaran Martin, said: “I have no doubt the CMC will improve the way we tackle, learn from, and recover from cyber incidents. If we crack this, and I’m confident that we will, ultimately it could be a huge boost to cyber security efforts not just here but internationally too.”
Edward Lewis, CEO of cybersecurity consultancy, CyXcel, who has helped to lead the CMC as a Director during its incubation year, said: “As the risks of significant cyber incidents grow, it’s more important than ever to categorise these events clearly and robustly to enable insurers, governments and organisations to better prepare for, respond to and recover from these challenges more effectively.
“Most importantly of all, however, this initiative goes far beyond cybersecurity and insurance; it is about reinforcing national security and business resilience. The CMC will play a crucial role in enhancing national awareness, understanding and response to systemic cyber threats, shaping strategies and preventive measures against such incidents.”
Written by
Dan Raywood
Senior Editor
SC Media UK
Dan Raywood is a B2B journalist with more than 20 years of experience, including covering cybersecurity for the past 16 years. He has extensively covered topics from Advanced Persistent Threats and nation-state hackers to major data breaches and regulatory changes.
He has spoken at events including 44CON, Infosecurity Europe, RANT Conference, BSides Scotland, Steelcon and ESET Security Days.
Outside work, Dan enjoys supporting Tottenham Hotspur, managing mischievous cats, and sampling craft beers.
