Two-thirds of UK firms suffered cyber attacks in the last year

Most enterprises and SMBs are not aware of cybersecurity schemes, finds study

Over two-thirds of large businesses have experienced a cybersecurity breach in the last 12 months, according to a government survey released this month.

The Cyber Security Breaches Survey revealed that 65 per cent of large firms have detected an attack in the past year, with a quarter of those experiencing attacks on a monthly basis.

These breaches often prove damaging, with an average cost of 36,500 for a large business. Despite this, however, only 13 per cent of businesses hold their external suppliers to any sort of cybersecurity standards, the survey of 1,008 UK businesses found.

"I'm not too surprised to see these attacks and breaches are affecting more businesses," said ViaSat UK CEO Chris McIntosh.

Advertisement
Advertisement - Article continues below
Advertisement - Article continues below

"I am surprised, however, that despite half of FTSE 350 businesses seeing cyberattacks as the biggest threat to their business, the policies and technology they have put in place do not reflect this."

"In the modern threat landscape complacency is no longer an option - companies need to review their entire IT systems from top to bottom; ensuring there are no unprotected points of entry for potential attackers and that all points of access are secured and all sensitive data is encrypted."

Another issue is that many companies remain unaware of government initiatives to help enterprises with cybersecurity.

Under 30 per cent of large companies were aware of the government's '10 Steps' cybersecurity guidance programme, with that number falling even further among SMBs.

Even fewer businesses were aware of the Cyber Essentials Scheme - just six per cent overall.

"I am proud British industry is leading the way," wrote digital economy minister Ed Vaizey in a foreword to the report. "But to secure our place in today's global marketplace we need to ensure the UK is one of the safest places in the world to do business online."

Advertisement - Article continues below

"Too many businesses are suffering disruption, financial loss and theft of intellectual property as a result of cyber crime. This is why the government has announced a new 1.9 billion investment in cyber security over the next five years. This will help to make the UK the best protected country in cyber space."

Featured Resources

How inkjet can transform your business

Get more out of your business by investing in the right printing technology

Download now

Journey to a modern workplace with Office 365: which tools and when?

A guide to how Office 365 builds a modern workplace

Download now

Modernise and transform your sales organisation

Learn how a modernised sales process can drive your business

Download now

Your guide to managing cloud transformation risk

Realise the benefits. Mitigate the risks

Download now
Advertisement

Recommended

Visit/security/internet-security/354417/avast-and-avg-extensions-pulled-from-chrome
internet security

Avast and AVG extensions pulled from Chrome

19 Dec 2019
Visit/security/354156/google-confirms-android-cameras-can-be-hijacked-to-spy-on-you
Security

Google confirms Android cameras can be hijacked to spy on you

20 Nov 2019

Most Popular

Visit/cloud/cloud-computing/354767/google-cloud-snaps-up-multi-cloud-analytics-platform-for-26bn
cloud computing

Google Cloud snaps up multi-cloud analytics platform for $2.6bn

13 Feb 2020
Visit/mobile/28299/how-to-use-chromecast-without-wi-fi
Mobile

How to use Chromecast without Wi-Fi

5 Feb 2020
Visit/operating-systems/27717/how-to-fix-a-stuck-windows-10-update
operating systems

How to fix a stuck Windows 10 update

12 Feb 2020
Visit/cloud/microsoft-azure/354771/microsoft-azure-is-a-testament-to-satya-nadellas-strategic-nouse
Microsoft Azure

Microsoft Azure is a testament to Satya Nadella’s strategic nouse

14 Feb 2020