9 out of 10 organisations hit with Cyber Attacks

DailyMail

 

An interesting article published in the Daily Mail, and affecting organisations and businesses of all sizes.

  • Cyber-criminals have attacked 90 per cent of major British companies
  • Figures reveal that the threat from hackers trying to steal confidential data is rising steeply
  • Experts warned the typical cost to big firms of the most severe information security breaches had nearly tripled in a year from 1.1million to 3.1million

The country now faces ‘chronic, advanced and persistent’ threats every day, a top official at the GCHQ spy agency warned.

Ciaran Martin, director general for cyber-security at the listening post, told a conference that the attacks ‘show little sign of abating’ and include threats from hostile states, terror groups and malicious hackers known as hacktavists.

Shocking details of the scale and cost of cyber-attacks to British firms were compiled in an annual report commissioned by the Government.

The findings, published yesterday, reveal how nine out of ten large companies had suffered breaches – up from 81 per cent last year.

For small firms, almost 74 per cent were attacked, up from 60 per cent. The typical cost of serious cyber-attacks to smaller businesses has soared from £115,000 to £311,000.

The figure includes the cost of disruption, lost sales, recovery of lost information, fines and compensation.

Incidents included loss of confidential data, infection by viruses or malicious software, theft or fraud and other breaches caused by staff – such opening a suspect internet link.

Almost one in ten companies took more than 100 days before they realised they had been targeted.

“British Airways was hacked in March, leaving tens of thousands of customers locked out of their frequent-flyer accounts”

The number of attacks directed through company mobile phones or tablets doubled from 7 per cent to 15 per cent.

Digital economy minister Ed Vaizey, who was behind the Information Security Breaches Survey, said the cost was rising “dramatically”, and that businesses taking the threat seriously are “not only protecting themselves and their customers’ data but securing a competitive advantage.”

If you are concerned about these statistics and the very real threat to your business or organisation, then please get in touch with us for a friendly chat about the latest cyber threats.

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