NCA and ICO signed a Memorandum of Understanding to enhance collaboration on cyber security, support victims of cyber attacks, and encourage the reporting of cyber crime

Cyber crime is indiscriminate and unpredictable, and poses a substantial threat to the UK’s national security. According to recent reports by Sophos, the cost of recovery to victims of a ransomware attack has increased by 50% over the last year alone, and now stands at a staggering $2.73 million (£2.07 million).