The aim of this work is to ensure that organisations across the country can better protect themselves from criminals who steal data and hold it to ransom.

The MoU reaffirms our commitment to providing relevant, up to date information sharing on cyber security matters, to support improved cyber security, and to provide guidance on how change can be implemented.

Specifically, the ICO and NCA are working more closely together to ensure organisations are signposted to relevant bodies, such as the National Cyber Security Centre (NCSC), and are empowered to report cyber crime at the earliest opportunity.

Stephen Bonner, ICO deputy commissioner for regulatory supervision, said: “Unfortunately we’ve seen cyber-crime costing UK firms billions over the past years. That’s why it’s crucial that relevant bodies work together to boost the UK’s cyber resilience.

“This new memorandum of understanding builds on our existing relationship with the NCA and will help improve cyber security standards across the board, while respecting each other’s remits.”

NCA deputy director Paul Foster, head of the National Cyber Crime Unit, said: “The NCA leads a whole-system response to cyber crime, disrupting cyber criminals and putting them before the courts wherever possible.

“Organisations who are vulnerable to imminent attack or find themselves a victim also need support and guidance, and we work closely with our partners to provide this.

“We are pleased to be making this commitment with the Information Commissioner’s Office; this agreement signifies our common goal of establishing and maintaining a secure and resilient cyber ecosystem for all.”