Did you know 32% of UK business plus 24% of UK charities experienced a cyber security breach or attack in the past 12 months according to a government survey?
The financial cost of such a breach can be significant.
These are the average costs for the most disruptive cyber incident among organisations reporting an outcome.
- Businesses overall £3,770
- Medium and large business £15,800
- Charities overall £2,310
Alongside financial losses, cyber incidents can severely damage a company's reputation.
Thus cyber-security defences are critical, last year, 66% of businesses and 68% of charities took steps to protect themselves from future attacks.
Measures included:
- Additional Staff training
- Installed or updated anti-virus / malware software
- Changed or updated firewall or system configuration.
Additionally the three most common controls implemented to bolster organisational cyber-security were:
- Using up to date malware protection.
- Enforcing strong password policies.
Backing up data securely via cloud services.
However only 29% of businesses and 35% of charities had a formal policy covering cyber security risks.
Furthermore only 13% of businesses and 11% of charities had formally reviewed cyber-risks presented by immediate supply chain.
The cyber landscape is ever evolving meaning there's always room for improving security efforts.
Contact us today, for help mitigating costly exposures and securing robust cyber insurance cover - 01952 820358.