Business Boost | 29 January 2016 - by KCOM

The cyber security risks every business should be aware of

Whilst an increasingly connected world can contribute towards business success, it also presents serious threats to business security.

The good news is there are plenty of tools and techniques to protect yourself against online threats – and the best starting point for making sure you’re covered against the worst is to be aware of what risks are out there.

The Government’s annual survey of information security breaches affecting UK businesses gives a useful overview of the type of online threats companies are facing and their impact. We've summarised the key themes below, but if you'd rather, you can download and read the full article at www.pwc.co.uk.

Here’s a summary of some of the main findings ...

The number of security breaches is continuing to rise

  • 90% of large organisations and 74% of small businesses surveyed had experienced a security breach, up from 81% and 60% in the previous year
  • Most businesses surveyed (59%) expect more security incidents in the coming year than during the previous year

Attacks by outsiders and staff-related security breaches are both increasing

  • 69% of large organisations and 38% of small businesses had suffered cyber attacks from an unauthorised outsider, up from 55% and 33% a year earlier
  • 75% of large organisations and 31% of small businesses had suffered staff-related security incidents, up from 58% and 22%. When asked about the single worst breach they had suffered, half of all organisations attributed it to human error rather than malicious intent

New technologies present new risks

  • 13% of large organisations had a security or data breach relating to social networking sites
  • 15% of large organisations had a security or data breach involving smartphones or tablets
  • 7% of businesses had a security or data breach relating to a cloud computing service
  • 3% of the worst breaches were caused by portable media that bypassed network defences

Business awareness is increasing, but there’s still room for improvement

  • 72% of large organisations and 63% of small businesses provide ongoing security awareness to their staff – up from 68% and 54% the previous year

Want to find out more?

Download the full report at www.pwc.co.uk or get advice on how to protect your business at: www.gov.uk/government/publications.