It’s been deemed the ‘new normal’, with cyber-attacks in the news every day. Even in July this year it’s been reported that large businesses are the most vulnerable to cyber-attacks, despite having greater budgets and resources.
The UK Government’s cyber security breaches survey found that only 30% of firms had cyber security policies in place, and that only 10% had an incident management plan. These statistics will be deemed alarming to the majority, considering the cost of cyber-incidents to UK firms is over £30 billion. Many businesses are having to adopt new strategies in their fight against cyber threat; it’s not just an organisation’s reputation that can be damaged by a data breach – the financial costs can have a more severe, long-term effect.