Almost half of British businesses lack adequate cyber protection, despite the massive cost of cyber security incidents, according to ISP provider Beaming.
Digital breaches cost UK businesses £34.1bn in the past year, the report revealed. Yet 44% of organisations surveyed only had basic levels of protection in place. The report added that 7% of companies admitted they had been hit by an attack in the last year, and they were found to have suffered an average cost of £16,264 per incident.
Large and medium sized businesses were shown to be twice as likely to be hit by malware
than small businesses – with 21% of companies with more than 250 employees being attacked in the past year, compared to 11% of those with less than 100 members of staff.
Large businesses were also most at risk of data theft, with 16% having experienced a successful attack in the past year, compared with 12% of medium sized organisations and just 4% of small businesses.
Sonia Blizzard, MD at Beaming, said: “We are seeing an arms race between businesses that rely on the internet and those who use it for malicious purposes.
“Leaders recognise that cyber attacks
present a critical risk to their businesses, and that they must be more resilient to meet an increasingly sophisticated enemy. Enhanced encryption, network level monitoring and secure connectivity are must-haves for businesses today.”
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