Report: Terrorism and Espionage On The Rise In Britain

December 4, 2007

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British business was warned to raise its security level amid signs that the threats of terrorism and industrial espionage are increasing.

A major report warns that home-grown Islamist extremism “presents an unprecedented threat” to businesses, while at least two major UK companies have reportedly faced acts of espionage linked to the Chinese government.

Yesterday, a report from Lloyd’s of London insurance market and the International Institute of Strategic Studies said the risk of major economic damage from terrorism had intensified.

Lloyd’s chairman Lord Levene said: “No-one should be in any doubt that home-grown terrorism has the potential to disrupt business significantly. However, although most business leaders are increasingly worried about it, they have also told us that they currently understand very little about what home-grown terrorism risk means for their business.”

He added: “The business community urgently needs to close the gap between growing awareness of the risk and a lack of understanding of what it means in practice.”

The report came as warnings about the threat of Chinese industrial espionage reverberated around Britain’s boardrooms. At the weekend it was disclosed that the head of MI5, Jonathan Richards, had written to 300 chief executives and heads of security at major companies about attack from “Chinese state organizations”.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/04/cnjihad104.xml

JSource

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