UK plc boardrooms have displayed a tendency to treat the issue of cyber security a bit like a bad smell – ignore it and hope that it goes away quickly. But the unprecedented worldwide cyberattack last weekend that spanned 150 nations and infected over 200,000 computers has quickly made ‘ransomware’ an everyday word, and highlighted the need for cyber security to be at the top of every boardroom’s agenda.
You may have seen a story in the Financial Times this week around JPMorgan and accusations of fraud. But if you were to do a Google search for ‘JPMorgan accused of fraud’ as a partly-remembered-headline-seen-in-passing in order to find it again, you would get a long list of stories containing both the bank’s name and allegations of fraud involving single individuals or ex-employees, going all the way back to 2004.
It certainly made the headlines in the Derby Telegraph as well as in Britain’s national newspapers. Employees at FTSE 100 engineering giant Rolls-Royce plc are to be given a chance to grill bosses about the company's recent performance. For the first time the firm, which has its civil aerospace and nuclear divisions in Derby, is set to hold an Annual General Meeting for its workers, which is likely to take place at Derby County's Pride Park Stadium in May, the paper reported.
