The Cyber Monitoring Centre is partnering with cloud risk analytics service provider Parametrix Analytics on a project that seeks to better understand the impact of cloud outages on UK organisations.

Initial research suggests that around 90% of the FTSE 100 companies are “cloud-dependent”, with most relying on “key datacentres in the UK, Ireland and the rest of Europe”.

“The UK government’s recent announcement that datacentres are to be classified as critical national infrastructure demonstrates the huge role these centres play in business operations across the country. Parametrix’s expertise will help the CMC understand the economic impact of cloud outage events. The partnership highlights the CMC’s commitment to working with leading data providers to understand and accurately categorise cyber events,” said Will Mayes, CEO of the CMC.

Sharon Haron, chief commercial officer at Parametrix, added: “We are proud to partner with the CMC and support their important work. The CMC’s independence and its technical approach to understanding cyber events are of critical importance if we are to help UK businesses and wider society cope with the ever-growing systemic cyber threat. This includes events like the CrowdStrike incident, which provided only a hint of what could happen with a widespread service outage across multiple regions.

“By collaborating with the CMC, we can help to ensure that businesses and the cyber insurance industry as a whole understands their cloud exposure and are able to develop a plan of action which builds operational resilience.”

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