Home >Cyber breaches down but cost of attacks rises
Cyber breaches down but cost of attacks rises
09 April 2019
New statistics from the Department for Digital, Culture, Media and Sport (DCMS) have shown a reduction in the percentage of businesses suffering a cyber breach or attack in the last year.
The reduction is partly due to the introduction of tough new data laws under the Data Protection Act and the General Data Protection Regulations (GDPR). 30% of businesses and 36% of charities have made changes to their cyber security policies and processes as a result of GDPR coming into force in May 2018.
However, of those businesses that did suffer attacks, the typical median number of breaches has risen from 4 in 2018 to 6 in 2019. Therefore, businesses and charities suffering cyber attacks and breaches appear to be experiencing more attacks than in previous years.
Where a breach has resulted in a loss of data or assets, the average cost of a cyber attack on a business has gone up by more than £1,000 since 2018 to £4,180. Business leaders are now being urged to do more to protect themselves against cybercrime.
The most common breaches or attacks were phishing emails, followed by instances of others impersonating their organisation online, viruses or other malware including ransomware.
Digital Minister Margot James 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.
"We know that tackling cyber threats is not always at the top of business and charities list of things to do, but with the rising costs of attacks, it’s not something organisations can choose to ignore any longer."
Through the CyberFirst programme, the Government is working with industry and education to improve cyber security and get more young people interested in taking up a career in cyber. The Cyber Discovery initiative has already encouraged 46,000 14 to 18 year olds to get on a path towards the cyber security profession, over 1,800 students have attended free CyberFirst courses and nearly 12,000 girls have taken part in the CyberFirst Girls competition. The Government’s initial Cyber Skills Strategy, published in December, will be followed by a full strategy later this year.
Business and charity leaders are being encouraged to download the free small business guide and free small charity guide to help make sure that they don’t fall victim to cyber attacks. This is available through the National Cyber Security Centre (NCSC).
Clare Gardiner, Director of Engagement at the NCSC, said: "We are committed to making the UK the safest place to live and do business online, and welcome the significant reduction in the number of businesses experiencing cyber breaches.
"However, the cyber security landscape remains complex and continues to evolve, and organisations need to continue to be vigilant."
The NCSC has a range of products and services to assist businesses, charities and other organisations to protect themselves from cyber attacks, and to deal with attacks when they occur. These include the Board Toolkit providing advice to Board level leaders, and guides aimed at small businesses and small charities.
The threat of cyber attacks remains very real and widespread in the UK. The figures published today also show that 48% of businesses and 39% of charities who were breached or attacked, identified at least one breach or attack every month.
Cyber security is becoming more of a priority issue, especially for charities. Those charities who treated cyber security as a high priority has gone up to 75% in 2019, compared with just 53% the year before, and is now at the same level as businesses.
Small businesses and charities are being urged to take up tailored advice from the National Cyber Security Centre. All businesses should consider adopting the Ten Steps to Cyber Security, which provides a comprehensive approach to managing cyber risks. Implementation of the 10 Steps will help organisations reduce the likelihood and cost of a cyber attack or cyber related data breach.
Organisations can also raise their basic defences by enrolling on the Cyber Essentials initiative and following the regularly updated technical guidance on Cyber Security Information Sharing Partnership available on the NCSC website.