October 15th, 2020 / Insight posted in Articles

Do you know the three biggest cyber security risks facing your tech company?

Complacency does not avert a cyber attack

The government’s Cyber Security Breaches Survey 2020 indicates that cyber attacks have evolved and become more frequent. Almost half of businesses (46%) reported breaches or attacks in the 12 months before the survey, with 32% of affected businesses claiming at least one incident per week. On the last day of September and as a response to the spike in cyber-attacks since June, the National Cyber Security Centre posted “Doing nothing is no longer an option – raise your cyber defences”.

A shocking 19% of affected businesses lost money and valuable data as a direct result of a cyber attack. However, attacks don’t have to be successful to be disruptive. Twice as many of those affected businesses (39%) experienced a negative impact as a result. This included having staff time diverted, needing to put new measures in place and business disruption.

Businesses assuming that they have the in-house expertise needed to avoid the most common cyber security threats – such as phishing, viruses, hacking and ransomware – may be sadly mistaken.

Please click here to find out more about the three biggest cyber security risks facing the tech industry and the steps you should be taking to protect your business’s future.