UK business leaders have called on the government to take urgent action to tackle cyber-crime following the recent cyber-attack on TalkTalk, a British telecommunications firm.
Describing cyber-crime as one of the biggest threats facing British companies, the Institute of Directors said cyber attacks on British businesses “happen constantly,” but only serious ones make the headlines.
Reports say hackers have already stolen the personal information and bank details of millions of TalkTalk customers.
"They had all the details you would expect TalkTalk to have at hand, including name, address, phone number and TalkTalk account number," said Keith Vaz, chairman of the cross-party home affairs select committee.
Cover up allegations
TalkTalks is now facing allegations that it covered up one of the largest cyber hacks in British history.
The customers whose personal information has been stolen complain that they were targeted by hackers days before TalkTalk admits the cyber-attack.
Some reports say the hack took place as early as Friday last week.

On Thursday, October 23rd, TalkTalk announced that it was hit by a "significant and sustained" cyber-attack.
The telecommunications company has already issued a statement rejecting cover up allegations. TalkTalk has described the accusation as “deeply unfair”.
Meanwhile, police said they are investigating a ransom demand sent to the company.
TalkTalk chief executive, Dido Harding, has said a person claiming to be the hacker has demanded money in exchange for the stolen data.
This has been the third time this year TalkTalk was targeted by hackers.
Some experts have raised serious doubts about the telecoms company’s failure to boost security following earlier cyber-attacks.
'Seriously embarrassed'
Now a member of Stop the War Coalition believes that government’s too much focus on countering the so-called extremism has prevented it from tackling cyber-crime.
“Well, I think the government has been seriously embarrassed by this, its whole concentration in terms of preventing this kind of attacks, has indeed been [focused] on targeting so-called extremism,” John Rees told Press TV’s UK Desk on Saturday.