How much could a cyber attack cost your business?

Figures show fewer companies are using security tools to identify abnormal activity, meaning firms are less aware than before of the breaches and attacks businesses are facing. The average cost of a cyber attack on a business is £8,460. This figure rises to £13,400 for medium and large businesses.

Why are businesses failing to protect themselves against cyber attacks?

The pandemic has meant that digital transformation has become vital to the UK economy and with so many more people relying on technology and digital services, cyber criminals have upped their game with a variety of ransomware and malware attacks.

Nearly half of businesses (47 per cent) are allowing employees to use personal devices for work, could this be contributing to the rise in breaches?

Figures show fewer businesses are taking recommended cyber security measures

A new report released by the Department for Digital, Culture, Media and Sport (DCMS) suggests the cyber risk to organisations is heightened because of the pandemic.

Two in five businesses (39 per cent) report having cyber security breaches and attacks over the last 12 months.

The increase in employees working from home has meant a greater cyber risk to companies …

And phishing remains the most common threat followed by instances of others impersonating their organisation online, viruses or other malware including ransomware.

Digital Infrastructure Minister Matt Warman stated last month that the government is investing £1.9 billion in cyber security to make the UK the safest place to live and work online.

The government believe a new era of digital growth is at risk …

And it is urging organisations to follow expert guidance to boost their online resilience.

The Cyber Security Breaches Survey 2021 report shows that the pandemic has made businesses more vulnerable to attack as organisational resources are directed towards facilitating remote working for employees.

Here are useful guides on secure measures for:

Video Conferencing

Secure working from home

Moving your business from physical to digital

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