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MI5 Chief Exposes Scope Of Cyber Crimes

June 27 2012

United Kingdom

The head of Britain's domestic intelligence agency has warned that government and commercial systems are at risk from cyberattacks, reports London's Daily Telegraph.

One major London firm has suffered more than 800 million pounds (US$1.2 billion) in losses following a suspected state-sponsored attack, said MI5 chief Jonathan Evans.

This damage included intellectual property losses as well as "commercial disadvantage in contractual negotiations," he said, in a rare London...

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