Cyber security services in Cheltenham
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Large scale cyber security breaches make the headlines but about 70% of organisations are not reporting their worst security incidents- so what is making the news is just a small proportion of the breaches that are actually taking place.
Britain is being targeted by up to 1,000 cyber attacks every hour.
For small organisations the worst breaches cost between £65,000 and £115,000 on average and for large organisations may run to many millions of pounds. These costs can occur as direct financial losses due to fraud or theft; the loss of productivity due to time spent recovering from the effects of a successful attack; or the lost of trust and reputation.
UK small businesses value their reputation as one of their key assets. Yet they are hugely underestimating the likelihood of a cyber breach happening to them and its long term impact:
60% of small businesses surveyed have experienced a cyber breach, but only 29% of those who haven’t experienced a breach cited potential reputational damage as an ‘important’ consideration.
The impact of a cyber breach can be huge and long lasting. 89% of the small businesses surveyed who have experienced a breach said it impacted on their reputation. Those who experienced a breach said the attack led to:
Brand damage (31%)
Loss of clients (30%)
Ability to win new business (29%)
Cyber prevention is much better than cure
According to one industry report, the number of cyber ransomware attacks increased in 2014 by more than 4,000%, with small to medium sized enterprises (SMEs) being the main target due to poor security practices.
The rise in legitimate websites being compromised for the purposes of executing watering hole attacks as a way of delivering malware – including ransomware – means enterprises need to add malware detection to web browsing activities.
Could your business survive a ransomware attack- would your accounts or your customer data be recoverable? Do you know how to safeguard your organisation’s very survival?
So, if you want to increase your ensure your organisation’s continued wellbeing then please contact us NOW or ring us on 01242 521967 now to see how we can help you to make money as well!