Could your business survive a cyber-attack?

56% of businesses couldn’t…


Posted on: 20 September 2017
By: Jamie Turvey, Marketing Executive

Is it worth the risk? With the unprecedented increase in cyber-attacks it’s not a matter of if, but when will your business, regardless of size, be targeted. A recent report by the Institute of Directors (IoD) and Barclay’s revealed that 56% of businesses wouldn’t survive a cyber-attack. The threats are real and the impact is severe, but ultimately, the problem isn’t whether your business can survive an initial attack. Unfortunately, once attacked, the problems only start to emerge. Cyber-attackers are like bullies, just because they’ve attacked you once, doesn’t mean it’s over. It actually means they now know you’re vulnerable and once they’ve gotten away with it once, they’ll keep targeting you again and again, until you do something about it.

So what are you going to do?

Short answer: be prepared! However unfortunately, 70% of the UK’s top business owners have received no training in how to respond to a cyber-attack, a Government report has highlighted. The report also reveals that out of Britain’s top 350 businesses, 10% operate with no cyber response strategy, once they have been attacked, even though half of those surveyed identified that cyber security is a top business risk. It’s becoming more apparent in today’s society that businesses need to start taking a more proactive approach to cyber security.

The Government’s advice…

The UK’s Minister for Digital, Matt Hancock advised: “Recent cyber-attacks have shown the devastating effects of not getting our approach to cyber security right. Reports show we have a long way to go until all our organisations are adopting best practice and I urge all senior executives to work with the National Cyber Security Centre and take up the Government's advice and training."

Similar to the Government’s advice, the IoD’s Director General, Stephen Martin, stated: “Our report has revealed that business leaders are still putting cyber security on the back burner. The results, even for small and medium-sized businesses, could be catastrophic.”

The IoD has advised that companies should take the following minimum precautions to become cyber-secure:

  • Put formal cyber security awareness schemes in place for members of staff
  • Train Directors more thoroughly
  • Run more simulations to see how their company would deal with an actual cyber-attack

How can CyberGuard help?

CyberGuard Technologies has a strong team of security experts that understand how easy it is to exploit your IT infrastructure and are ready to advise on the best practises in becoming cyber-secure.

They can offer three security testing options; vulnerability, penetration and wireless testing, which can highlight security weaknesses within your business’ IT infrastructure.

Through their Detect and Respond services, CyberGuard, can offer numerous options to outsource your security, so experts can ensure you take a proactive approach to cyber-crime.

They also offer security awareness training, highlighting the importance of cyber-crime and how they can prevent it by recreating actual simulations of an attack.

If you are keen to follow the Government’s advice, CyberGuard can support you in obtaining Cyber Essentials certification, a Government-backed schemethat is widely accepted as good, basic protection for any business operating within the UK.

Sources:

www.itpro.co.uk

www.hbrf.co.uk

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