The UK Department for Culture, Media and Sport recently released a statement on cyber security, in which it urged businesses to take better care to protect against cyber criminals. This statement follows publication of its Cyber Security Breaches Survey 2016, which revealed that two-thirds of large businesses had suffered a cyber attack in the preceding year, and that the majority of such attacks involved viruses, spyware or malware. The survey also found that more than half of the top FTSE350 companies regarded cyber attacks as being the biggest threat to their business.
The costs associated with cyber attacks can be significant, often running into millions of pounds. The government advises that many such attacks could be avoided by implementing its cyber essentials scheme, which offers UK businesses of all sizes guidance on protection against cyber threats. One in four of the firms that had experienced cyber attacks encountered an attack at least once a month, yet the survey found the implementation of prevention strategies and contingency plans to be very rare.
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