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 2021 Cyber Security Breaches Survey, conducted on behalf of the UK Government, four in ten businesses (39%) report having cyber security breaches or attacks in the last 12 months.
Like previous years, this is higher among medium businesses (65%) and large businesses (64%). Many businesses feel that they are unlikely to be the target of a Cyber incident, sadly this is certainly not the case.
- Half of businesses (49%) that have identified breaches or attacks, say this happens once a month or more often. Around a quarter (27%) say they experience breaches or attacks at least once a week.
- Phishing attacks are commonly considered the most disruptive types of attack that organisations face (by 62%), this is closely followed by impersonation attacks (27%).
- Among the 39 % of businesses that identify breaches or attacks, 21% end up losing money, data, or other assets. 35% report being negatively impacted regardless, for example because they require new post-breach measures, have staff time diverted or suffer wider business
Learn more on our latest informational booklet “Cyber & Data Risks – Understanding the Threats and How to Protect Your Business”