By  on February 15, 2013

GENEVA — Cyber attacks across the world are costing businesses, including retailers, billions of dollars in losses each year from theft of commercially valuable customer data and other damages.

Francis Maude, British Minister for Cyber Security, said, “For every organization, [there’s an] obligation…to conduct a really serious review of what their risk and vulnerability is, and protect themselves accordingly. No one else can do that for them. They have to do that for themselves, because everyone’s vulnerable.”

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