Why Cyber Security Should Be Your Number One Business Priority

Professional IT Solutions firm, Ultima, revealed that two-thirds of UK organisations have not provided their staff with sufficient cyber security training. Furthermore, half of those surveyed said they are not prepared for a cyber attack, and if an attack occurred, they have no cyber insurance or recovery plan in place. This is particularly worrying as UK organisations were subjected to 230,000 cyber attacks in 2016, according to research from internet service provider, Beaming. Those of which were successful ended up costing the UK economy approximately £30 billion.

 

5 Most Common Cyber Security Threats:

1.       Ransomware – cyber criminals will add a harmful piece of software to an organisations network encrypting all of their data, and will only decrypt it after paying a ransom.

2.       Hacking – cyber criminals will attack a vulnerable area of the organisations security software to gain access to their data.

3.       Denial-of-service attacks – cyber criminals will overload an organisations server by sending a high volume of data to interrupt or stop their services.

4.       Human error – important information may be lost or sent to the wrong person.

5.       CEO fraud – cyber criminals act as a senior member in an organisation by hacking an email account, to persuade financial colleagues to transfer them money.

 

To protect your business from these common cyber attacks, you can follow these basic steps:

• Install and regularly update firewalls and antivirus software.
• Require all employees to use strong passwords.
• Encrypt all of the data saved on hard drives.
• Provide your employees with regular and thorough cyber security training.
• Protect your business with comprehensive cyber insurance.

 

If you would like more information on cyber security or would like to protect your business with our comprehensive cyber insurance policy, get in touch with Cyberguru today.