Some Startling Cyber Security Statistics
Cyber-attacks aren’t exactly an emerging threat – in fact, you can go back as far as 1988’s Morris Worm as the first example of a major attack on the internet. But despite this, recent research from the UK Government has highlighted that there still remains a chasm between the risks associated with cyber-attacks and the steps being taken to safeguard against them.
We’ve pulled out some of the most alarming facts and stats to provide an overview of the current state of overall cyber security amongst UK businesses and charities, and paint a picture of how damaging it could be leaving your organisations susceptible to these attacks…
32% of businesses and 22% of charities have reported a cyber security breach in the last 12 months.
Continuing the pattern of previous years, this figure is much higher among medium (60%) and large businesses (61%). This is also the case for high-income charities (52%).
The most common attacks reported are:
- Phishing attacks (reported by 80% of these businesses and 81% of these charities).
- Impersonating an organisation in emails or online (28% of these businesses, 20% of these charities).
- Viruses, spyware or malware, including ransomware attacks (27% of these businesses, 18% of these charities).
The average cost faced by large business was £22,700. For medium sized, it was £9,270.
Charities faced an average cost of £9,470, indicating a trend of rising costs in cases where cyber attacks are able to penetrate an organisation’s defences.
The quantitative survey shows the costs of cyber security breaches can be considerable. On top of that, the qualitative findings emphasise that long-term, indirect costs of breaches (loss of productivity, damage to reputation) are generally overlooked. This means that when organisations reflect on their approaches to cyber security, they may be undervaluing the true cost and impact of cyber security breaches.
This is further highlighted by the fact that only 35% of businesses and 30% of charities have a board member or trustee with a cyber security specific role.
And, perhaps the most troubling statistic of all is that just 16% of businesses and 11% of charities have formal cyber security incident management processes in place.
We have 10 years experience of delivering Managed Cloud Backup and Disaster Recovery solutions to both private and public sector companies of all shapes and sizes. If you would like an informal chat about where you currently are and where you’d like to be in your journey to ensure your data is protected and recoverable should disaster strike, send us a message and we will get in touch as soon as possible.