The likelihood of the United Kingdom exiting the European Union will put a huge strain on agencies tasked with protecting citizens, businesses and government entities from cyberattacks, said security experts.
Assuming a Brexit does take place — and many are still hoping it will not — expect a rise in hacktivism, a reduction in tech talent, a decrease in information-sharing and increase in regulatory complexity, at least for the foreseeable future, they said.
Hackers thrive in environments of chaos and uncertainty, and the political and economic turmoil the UK finds itself in presents an opportunity.
"Cyberspace is one place where people vent their steam and take action with relatively few risks of consequences," said Stephen Cobb, Senior Security Researcher at ESET.
It is already happening. On Monday, hackers hijacked an online petition calling for a second EU referendum, erroneously adding more than 77,000 votes (which have since been removed.)
And even as armies of malicious hackers add to their ranks, cybersecurity experts are in short supply globally. The UK has been a foothold for international firms looking for an entree to Europe, and uncertainty around how Brexit will impact work visas for non-UK residents could dampen its appeal, said Bill Ho, CEO of secure communications provider Biscom.
Technical skills are always in high demand around the world, and it's no different in the UK – Brexit will have a negative impact on firms trying to bring on smart people who may not reside in the UK."
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.