UK Warns CEOs of Cyber Threat After 50% Spike in Big Attacks (1)

The UK urged corporate bosses to protect their businesses against cyber attacks, after a spate of high-profile incidents targeting companies from Jaguar Land Rover to Marks and Spencer Group Plc that it said represent just a fraction of the known threats.

“Recent high-profile cyber incidents show how attacks can seriously disrupt operations and damage profitability,” ministers including Chancellor of the Exchequer Rachel Reeves and Business Secretary Peter Kyle said in the letter Tuesday to chief executive officers and chairs of FTSE 350 companies.

The warning from government came as Britain’s National Cyber Security Centre reported a significant increase in major ...