Week Ending: August 31st - A Roundup in I.T. & Tech News

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This week’s roundup features a very costly minute in time and some facts in our post GDPR world. Take five from your busy schedule and catch up on this week’s I.T. and tech news.

160% rise in complaints since GDPR

We all remember GDPR, right?! – Countless emails from companies telling us that they’re going to stop emailing us, and the May deadline hanging over everyone in the land.

Well some research has just emerged that states, complaints to the Information Commissioner’s Office (ICO) about potential data breaches have increased by 160% since GDPR came into force.

Several high-profile companies including Superdrug and T-Mobile have recently come under scrutiny for large scale data breaches and with the threat of significant fines (£16.5m or 4 per cent of worldwide turnover), companies need to take these complaints extremely seriously.

Read the story from The Independent here.

The Evil Internet Minute

Global digital threat management company, RiskIQ, has recently conducted some research on the cost of cybercrime.

In what it has labelled the “Evil Internet Minute” it found that $1,138,888 is lost to cybercrime every single minute.

It also discovered that this equates to around 1,861 victims every minute and 1.5 organisations were affected by ransomware in the same timeframe.

As the internet and its community continue to grow at a rapid pace, the threat landscape targeting it grows at scale as well.

Elias Manousos, RiskIQ CEO

View the full report here.

£2.3 million to tackle the digital skills gap

The Institute of Coding (IoC), a joint government and industry initiative launched in June, has set up a £2.3 million fund to help tackle the UK’s digital skills gap.

The money will be allocated to up to 10 groups or projects, by a process of bidding. The funding will be allocated to those who can demonstrate their ability to meet its criteria. Applicants must have both an industry and an academic partner.

Gaining access to high quality education and training is absolutely critical to tackling the UK’s digital skills shortfall. The IoC’s new fund will enable academic institutions and industry organisations to work together, developing cutting edge education to promote digital excellence and improve the technical skills for a new generation of workers.

Dr Rachid Hourizi, Director of the Institute of Coding

We have spoken a lot in the past about the digital skills gap and shared some pretty worrying statistic on social media and a blog about this topic, so it is encouraging to see that something is being done to address the issue.

Discover more about the funding here.

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