Data breach meaning in english9/18/2023 ![]() Qualitative interviews however found that limited board understanding meant the risk was often passed on to outsourced cyber providers, insurance companies, or an internal cyber colleague. Just over half of businesses (54%) have acted in the past 12 months to identify cyber security risks, including a range of actions, where security monitoring tools (35%) were the most common. For large businesses’ cyber security 80% update the board at least quarterly, 63% conducted a risk assessment, and 61% carried out staff training compared with 50%, 33% and 17% respectively for all businesses. Larger organisations are correlated throughout the survey with enhanced cyber security, likely as a consequence of increased funding and expertise. Additionally, 50% of businesses and 42% of charities say they update the board on cyber security matters at least quarterly. 72% in charities rate cyber security as a ‘very high’ or ‘fairly high’ priority. Board engagementĪround four in five (82%) of boards or senior management within UK businesses rate cyber security as a ‘very high’ or ‘fairly high’ priority, an increase on 77% in 2021. In particular, access management surveyed most favourably, while supply chain security was the least favourable. The survey finds 49% of businesses and 39% of charities have acted in at least five of these 10 areas. The government guidance ‘ 10 Steps to Cyber Security’ breaks down the task of protecting an organisation into 10 key components. We acknowledge the lack of framework for financial impacts of cyber attacks may lead to underreporting. ![]() Considering only medium and large businesses the figure rises to £19,400. Looking at organisations reporting a material outcome, such as loss of money or data, gives an average estimated cost of all cyber attacks in the last 12 months of £4,200. One in five businesses (20%) and charities (19%) say they experienced a negative outcome as a direct consequence of a cyber attack, while one third of businesses (35%) and almost four in ten charities (38%) experienced at least one negative impact. Within the group of organisations reporting cyber attacks, 31% of businesses and 26% of charities estimate they were attacked at least once a week. Despite its low prevalence, organisations cited ransomware as a major threat, with 56% of businesses having a policy not to pay ransoms. Of the 39%, around one in five (21%) identified a more sophisticated attack type such as a denial of service, malware, or ransomware attack. Of the 39% of UK businesses who identified an attack, the most common threat vector was phishing attempts (83%). Table 1.1: Proportion of UK businesses identifying cyber attacks each year 2017 However, we also find that enhanced cyber security leads to higher identification of attacks, suggesting that less cyber mature organisations in this space may be underreporting. ![]() Our survey results show that in the last 12 months, 39% of UK businesses identified a cyber attack, remaining consistent with previous years of the survey. Statistical enquiries: enquiries: enquiries: 020 7211 2210 Key findings Cyber attacks Responsible statistician: Robbie Gallucci It also considers the different cyber attacks these organisations face, as well as how these organisations are impacted and respond.įor this latest release, the quantitative survey was carried out in winter 2021/22 and the qualitative element in early 2022. The study explores the policies, processes, and approaches to cyber security for businesses, charities, and educational institutions. It is primarily used to inform government policy on cyber security, making the UK cyber space a secure place to do business. The Cyber Security Breaches Survey is an influential research study for UK cyber resilience, aligning with the National Cyber Strategy. ![]()
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