Attacks Hit Many UK Firms
- Government report says seven in ten large companies identified a breach or attack with firms holding personal data more likely to be attacked primarily by fraudulent emails, followed by viruses and
- Businesses large and small are being urged to protect themselves against cyber-crime after new government statistics found more than half of all UK businesses suffered a cyber-breach or attack in the past 12
- The Cyber-Security Breaches Survey 2017 reveals nearly seven in ten large businesses identified a breach or attack, with the average cost to large businesses of all breaches over the period being £20,000 and in some cases reaching
- The survey also shows businesses holding electronic personal data on customers were much more likely to suffer cyber-breaches than those that do not (51% compared to 37%)
- The Cyber-Breaches Survey is part of the UK government’s five-year national cyber-security strategy to transform this country’s cyber-security and to protect the UK online. As part of the strategy, the government recently opened the new National Cyber-Security Centre (NCSC), a part of
It’s the shortest month of the year, but it has not been short of breaches or cyber attacks.
Are You Covered For CyberAttack ?
BLOOMFIELD, Conn.—A recent study from NTT Com Security, found that 49 percent of the U.S. companies surveyed currently do not have insurance specifically for cybersecurity attacks.
NTT Com Security surveyed 1,000 “non-IT business decision makers in organizations in the U.K., U.S., Germany, France, Sweden, Norway and Switzerland,” for the report.
“Faced with risks every day, it’s easy for organizations to look for quick-fix solutions rather than focusing on building a solid security and risk management strategy,” Garry Sidaway, SVP security strategy and alliances for NTT Com Security, said in a prepared statement.
“Rather than relying solely on an insurance policy to cover losses, businesses need a different game plan. Buy insurance by all means, but ensure that you can demonstrate that you have put controls in place to reduce your risks, and, what these controls cover. This way you know what is being insured,” he said.
While a majority of global organizations believe information security breach insurance is crucial, less than half—41 percent—are fully covered for both security breaches and data loss, and just over one-third have dedicated cybersecurity insurance, according to the company’s 2016 Risk:Value report.
U.S. businesses are the most likely to have this type of insurance, 51 percent, compared to 26 percent in the U.K.
“Security needs to be embedded into the culture of an organization, from top to bottom, championed by the CEO, designed and executed by the CISO and communicated effectively so that every employee takes responsibility for ensuring that good practices are followed,”