According to a new survey, conducted for the first time by the JFSC and completed by 129 Island firms, the top five threats perceived by companies were unintentional and deliberate information leaks, fraud, malicious code and social engineering attacks.
Of those who completed the survey 32 per cent said they did not have a cyber incident plan in place and 63 per cent did not have dedicated cyber-security insurance.
John Harris, the director general of the JFSC, said trying to stop cyber crime is ‘an ongoing and never-ending battle’ and Jersey is often targeted because of its finance industry.
He added that he is aware of some Island businesses which have been asked to pay ransoms of millions of pounds. The JFSC is targeted on a daily basis – at peak times they can be made aware of 15,000 attempts of cyber crime.
