Cyber-attack costs one company £800m, reveals MI5 chief


An eye watering £800m in potential revenue is thought to have been lost as a result of state-sponsored cyber-attacks to one company it has emerged.

The unnamed company is a large, listed British company and highlights the threat of cyber-attacks to British business.

In a speech given at the City of London last night, Jonathan Evans, MI5 director general, said the intelligence service had found “industrial scale processes involving many thousands of people lying behind both state-sponsored  cyber espionage and organised cyber crime”.

He didn’t reveal which state was responsible for the £800m loss and the company remained anonymous.