§ The Earl of Northesk
asked Her Majesty's Government:
Whether they agree with the analysis of Howard Schmidt, vice-president of President Bush's Critical Infrastructure Protection Board. that cyber crime in the shape of computer viruses is costing the world economy billions of dollars, and if so, what action they intend to take.[HL5960]
§ Lord Sainsbury of Turville:
I refer the noble Earl to my previous Answers when he last raised the question of what the Government are doing to respond to the increasing threats to information systems answered on 7 May, (WA 163–4). The survey referred to in those Answers makes clear that poor information security management can lead to breaches—and not only those arising from viruses—which lead to significant costs for business.