Policy Expert writer Charlotte takes a quick look at the government’s new cybercrime initiative.

The government has just released data suggesting that businesses could lose £21 billion every year because of cybercrime. Cybercrime is any criminal activity relating to a computer or network. This includes criminals stealing private data that is being stored by companies on behalf of their customers, including sensitive information like names, medical reports, addresses and other details.

Cybercrime has become such a problem that the government has pledged to invested £650million in their National Cyber Security Programme over the next four years. A new cyber infrastructure team will also be installed in the Department of Business, Innovation and Skills.

What can you do to protect your business?

It’s essential to put to take steps to protect client information. Security software manufacturer Norton offers some smart advice on what you need to look our for and what to do if you suspect an attack. It’s also important to take steps to protect against the worst case scenario.

Getting Professional indemnity insurance can help cover you against claims of professional negligence. This may include losing confidential data and other breaches of confidentiality. However, check what cover you need because not all policies cover you for hacking risks and/or virus attacks on your systems.