Cybercrime: New statistics revealed

Cybercrime: New statistics revealed

New statistics published last week show almost half of all UK businesses suffered a security breach or cyber-attack in the last year.

In the wake of startling statistics and with less than one month to go before new data protection laws come into force, UK businesses are being urged to protect themselves against cybercrime.

Over 40% of all UK businesses suffered a breach or cyber-attack in the last twelve months. This figure rises to over 70% for large businesses, according to the Cyber Securities Breaches Survey 2018 carried out for the Department for Digital, Culture, Media and Sport (DCMS).

The Survey found that, for the average large business, the financial cost of all attacks over the past 12 months was £9,260 – with some attacks costing significantly more.

Examples of the most common breaches or attacks were found to be:

  • Fraudulent emails – staff coaxed into revealing passwords or opening dangerous attachments
  • Cybercriminal impersonating the organisation online
  • Malware and viruses

Minister for Digital and the Creative Industries, Margot James, said: “We are strengthening the UK’s data protection laws to make them fit for the digital age but these new figures show many organisations need to act now to make sure the personal data they hold is safe and secure.”

Companies can significantly reduce their chances of falling victim to cyber-attacks or data breaches by following simple cyber security steps to remove basic weaknesses.

Blaser Mills Law is committed to offering advice to clients on how to become more cyber-savvy and ensure their businesses are not affected by an online attack and we will shortly be publishing a free guide on cyber security. To register your interest in receiving a copy by email please contact us – insight@blasermills.co.uk

We also offer advice to businesses in relation to the General Data Protection Regulation (GDPR), which will be introduced on 25 May 2018. You can download our free Guide for businesses aimed at assisting our clients in navigating the new regulations and the potential enforcement implications. Should you wish to discuss the GDPR and how they may affect you, please contact James Simpson or Ben Henderson on 01494 478689.