The cyber threat to UK businesses is significant and continuously evolving.
Recent trends are showing that data breaches are increasing in terms of both
size and frequency, whilst organisations continue their struggles in
embedding the ever-changing regulations surrounding cyber and data.
Companies can no longer rely on traditional insurance coverage in this space
and must take a high-level, holistic approach to how they develop their
commercial operations to promote a cyber-resilient culture.
of organisations worldwide have suffered a data breach as a result of a cyberattack in the past 12 months.
of organisations participating in the study said they have suffered one or more breaches in the past 12 months due to external cyber attacks.
8 in 10
businesses say that cyber security is a high priority for their senior management boards (80% in 2020, up from 69% in 2016).
of responding businesses that had been breached reported damage to their company’s reputation in the aftermath.
Almost half of businesses (46%) report having cyber security breaches or attacks in the last 6 months.
In March 2020, ransomware attacks increased 148% over baseline levels from February 2020 amid the COVID-19 outbreak.
of security professionals said the volume of attacks they faced has increased.
"Fraud has reached epidemic levels in the UK and should be seen as a national security issue", says think tank the Royal United Services Institute (RUSI).
The scale of credit card, identity and cyber-fraud makes it the most prevalent crime, costing up to £190bn a year.
43% of all CYBER-ATTACKS are targeted at Small Business.
1 Small Business in the UK is SUCCESSFULLY HACKED every 19 seconds.
55% of Businesses Globally suffered a CYBER ATTACK in 2019, up from 40% in 2018.
60% of all SMES that are HACKED GO OUT OF BUSINESS within SIX MONTHS
70% of Organisations said Remote Working would increase the COST of a Breach
Phishing accounted for 45% of UK DATA BREACH Incidents reported to the ICO (Information Commissioner Office) in 2019.
The average cost of CYBER ATTACKS on Small Businesses in 2018 was £65,000 per Victim in Damaged Assets, FINANCIAL PENALTIES and Business Downtime.
The most Common CYBER ATTACKS in 2019 were:
40% of UK Small Businesses DO NOT Regularly update Software. A similar number DO NOT Back Up Data and IT Systems.
Top 6 Cybersecurity Risk Mitigation Tips
Educate employees and implement staff training
Secure your networks and limit access to authorised personnel only
Regularly update your computer software, systems and create weekly backups
Purchase a cyber-insurance policy to help transfer the financial risk away from your business.
Prepare a data breach response plan including step-by-step actions and test frequently
Keep privacy policies and security controls up to date committing to readiness and resilience
Cyber risk rating report
We can provide you with a comprehensive security risk rating report by reviewing key features relating to your company’s internet presence. Your security rating is similar to a consumer credit score and allows you to benchmark yourself against peers and competitors.
Cyber risk awareness training
This phishing-focused eLearning tool helps protect you from social engineering attacks, one of the major attack vectors faced by mid-sized companies today. With support for unlimited users and campaigns, this tool provides you with a great way to test your users and prepare them for inevitable phishing campaigns.
Cyber incident response plan builder
Our unique toolkit brings together a wide range of templates and practical experience to help you produce a tailored incident response plan in case the worst happens. By building a robust plan you can effectively reduce the impact of a cyber event and ensure all appropriate parties are engaged at the right time and in the right way.
A Breach monitoring service continually searches the dark web for information specific to your organisation and alerts you in real-time
to possible breaches of your data. This proactive approach helps you minimise the fallout from a variety of cyber incidents.