Cyber Breach Survey
Published: Thursday, 9 January 2020
In 2019, the Department of Digital, Culture Media & Sport conducted a Cyber Security Breaches Survey.
Here are a few of the highights:
- 32% of businesses experienced a breach in the past 12 months
- 49% of businesses experienced a cyber attack involving fraudulent emails or being directed to fraudulent sites
- It took businesses on average 3 days to recover from a breach
- Breaches cost businesses £4,180 on average with larger firms losing significantly more.
Early intervention by experts can reduce your costs, help with breach investigation and subsequent notification to regulatory authorities.
We recently attended a webinar with specialist cyber insurers, CFC Underwriting Ltd. They discussed an interesting case study which underlines how important it is to have cyber experts on hand at the start of an incident to avoid extra work and to minimise costs. You can read more below: