21% of businesses believe the threat of cyber-crime is preventing their company growing.
The British Chamber of Commerce (BCC) has published results from their digital survey which highlights that cyber security accreditations can help defend against a cyber attack.
The BCC has reported that 21% of businesses believe that the threat of cyber-crime is having a negative impact on their business growth. Their advice to companies suggests that, by adopting appropriate cyber security accreditations, they can help defend against cyber attack and mitigate tough penalties under the new General Data Protection Regulations (GDPR) coming into force in May 2018.
Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:
“Cyber-attacks risk companies’ finances, confidence and reputation, with victims reporting not only monetary losses but costs from disruption to their business and productivity. While firms of all sizes – from major corporations to one-man operations – fall prey to attacks, our evidence shows that large companies are more likely to experience them.”
“Firms need to be proactive about protecting themselves from cyber-attacks. Accreditations can help businesses assess their own IT infrastructure, defend against cyber-security breaches and mitigate the damage caused by an attack. It can also increase confidence among the businesses and clients who they engage with online.”
“Businesses should also be mindful of the extension to data protection regulation coming into force next year, which will increase their responsibilities and requirements to protect personal data. Firms that don’t adopt the appropriate protections leave themselves open to tough penalties…”
Read more at BCC