The proportion of UK firms reporting a cyber-attack has jumped, despite most businesses admitting they are under-prepared for breaches.
Firstly, are you really protecting yourself?
Its known 55% of businesses had faced an attack in 2019, up from 40% last year. A lot of businesses have “incorrectly felt that they weren’t at risk”. This was discovered by surveying more than 5,400 small, medium and large businesses across seven countries, including the UK, Germany, the US, Belgium, France, the Netherlands and Spain.
Two thirds of companies with 10 – 49 employees have suffered some form of cyberattack in the past year.
That amounts to roughly 130,000 businesses.
Breaking the figure down, most of it goes for salvaging damaged assets, paying financial penalties and bearing the brunt of business downtime.
All in all, these 130,000 businesses have lost £13.6 billion in the last year alone – on cyberattacks.
Secondly, are you going to do something about it?
“The low UK spending on security could be driven by the large number of small businesses in Britain. They may feel like they won’t be targeted, as we tend to only read about large breaches in the press. If they incorrectly feel that they won’t be targeted, they may be less likely to spend on cyber security. In many cases, organisations don’t even know what is connected to the internet and what can be accessed by hackers.” – Gareth Wharton, head of Cyber at Hiscox
Whilst we fully understand that any new company will try to save money, and deal with their IT themselves, perhaps it can be more cost-effective, and time-effective, if they instead examined the possibility of using an expert and stick to what they’re good at.
How we suggest you protect yourself.
Assume attacks will be made. Prepare with the right experienced people, processes and technology, or risk long-term damage.
Realise the attacks will not stop. Many organisations are now successfully attacked several times a year.
Guard against human failings. An attack may succeed because just one employee clicks on a phishing email. Make sure employees are sufficiently trained to be aware of such malicious email content.
Share intelligence with similar organisations. National cyber-defence organisations often run online forums where experiences can be shared.
Cloud-based security detects web and email threats as they emerge on the internet and blocks them on your network within seconds before they reach the server.
Work with us to receive our support for data. Get in touch if you would like more information on how to protect yourself.