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

Transform the operator experience with enhanced automation & analytics

Bring networking into the digital era

Download now

Artificially intelligent data centres

How the C-Suite is embracing continuous change to drive value

Download now

Deliver secure automated multicloud for containers with Red Hat and Juniper

Learn how to get started with the multicloud enabler from Red Hat and Juniper

Download now

Get the best out of your workforce

7 steps to unleashing their true potential with robotic process automation

Download now
Advertisement

Recommended

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/security/vulnerability/354309/patch-issued-for-critical-windows-bug
vulnerability

Patch issued for critical Windows bug

11 Dec 2019
Visit/cloud/microsoft-azure/354230/microsoft-not-amazon-is-going-to-win-the-cloud-wars
Microsoft Azure

Microsoft, not Amazon, is going to win the cloud wars

30 Nov 2019
Visit/operating-systems/microsoft-windows/354297/this-exploit-could-give-users-free-windows-7-updates
Microsoft Windows

This exploit could give users free Windows 7 updates beyond 2020

9 Dec 2019
Visit/hardware/354193/buy-it-to-grow-not-slow-your-business
Sponsored

Buy IT to grow, not slow, your business

25 Nov 2019