Cyber & Data risks are an exposure that no modern business can escape, and the financial impact of system interruption, privacy and cyber-crime events are now felt across all sectors.
According to the 2022 Cyber Security Breaches Survey, conducted on behalf of the UK Government, almost four in ten businesses (39%) report having cyber security breaches or attacks in the last 12 months.
As in previous years, this is higher among medium businesses (59%) and large sized businesses (72%). Many businesses feel that they are unlikely to be the target of a cyber incursion, sadly this is certainly not the case.
- Around three in ten businesses (31%) say they experience breaches or attacks at least once a week.
- Phishing attacks are commonly considered the most disruptive type of attack that organisations face (83%), this is followed by impersonation attacks (27%).
- Among the 39% of businesses that identify breaches or attacks, one in five experience a negative outcome, such as a loss of money or data. Temporary loss of access to files or networks, disruption to websites, applications or online services and software or systems being corrupted or damaged are the most commonly reported outcomes – although, organisations can experience a very wide array of outcomes.
Learn more from our latest informational booklet “Cyber & Data Risks – Understanding the Threats and How to Protect Your Business”