Business leaders urged to 'do more' to help prevent cyber-attacks

05 Apr 2019

Following the publication of the government's 2019 Cyber Security Breaches Survey, business leaders are being urged to 'do more' to protect their firms from cyber-attacks and cybercrime.

The survey showed that 32% of businesses reported experiencing a cyber security breach or attack in the last 12 months. This represents a reduction when compared to last year's figure of 43%. The reduction has been attributed to the implementation of stringent new data laws, which form the General Data Protection Regulation (GDPR). 

The survey also revealed that the average number of security breaches has risen from four in 2018 to six in 2019.

Where a breach resulted in a loss of data or assets, the average cost was £4,180. The most common attacks came via phishing emails, viruses or other malware, including ransomware. Instances of criminals impersonating organisations online were also rife.

Commenting on the survey, Margot James, Minister of State for the Department for Digital, Culture, Media and Sport, said: 'Following the introduction of new data protection laws in the UK, it's encouraging to see that business and charity leaders are taking cyber security more seriously than ever before. However, with less than three in ten of those companies having trained staff to deal with cyber threats, there's still a long way to go to make sure that organisations are better protected.'

Business and charity leaders are being encouraged to follow the 'ten steps to cyber security' guidance, which can be found on the National Cyber Security Centre (NCSC) website.

icaew logo acca logo sage logo sageone logo bas xero

Home | Contact us | Accessibility | Disclaimer | Help | Site map | © 2024 Madisons. All rights reserved.

We use cookies on this website, you can find more information about cookies here.

Madisons is a trading name of Madison Business Services Limited Registered office: Bushbury House, 435 Wilmslow Road, Withington, Manchester, M20 4AF. Company Number: 03800186, VAT Registration Number: 741 1182 67 Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our Audit Registration can be viewed at www.auditregister.org.uk.
Telephone: 0161 434 3535 | Fax: 0161 445 0430 | Email: enquiries@madisons.co.uk.

Address
Madisons, Bushbury House, 435 Wilmslow Road, Withington, Manchester, Lancashire M20 4AF