Three-Quarters of Large Firms Suffered Security Breach Last Year

Three-Quarters of Large Firms Suffered Security Breach Last Year

Nearly half (46%) of UK firms reported suffering a security breach or cyber-attack over the past year, an increase on previous years, but they are getting better at recovering from and deflecting such blows, according to the government.



The annual Cyber Security Breaches Survey revealed an increase in the overall volume of businesses reporting incidents, up from 32%. The number of medium (68%) and large (75%) businesses reporting breaches or attacks also jumped, from 60% and 61% respectively.



This puts the 2020 report’s findings in line with the first government analysis in 2017, it claimed.



Of those businesses that reported incidents, more are experiencing these at least three times a week than in 2017 (32% versus 22%).



The government also claimed that organizations are experiencing more phishing attacks (from 72% to 86%) whilst fewer are seeing malware (from 33% to 16%) than three years ago.



However, the rise in incidents has been offset by stronger response and resilience, according to the report. Since 2017, the proportion of businesses listing any outcome from an incident has fallen by 19% and the proportion being negatively impacted has fallen by 18%.



Cybersecurity is also becoming more of a board-level issue: 80% of respondents said it’s a high priority for their senior management and 37% said they have board members with a security brief.



However, elsewhere there’s still some way to go: just 32% reported having cyber insurance, half (50%) have conducted audits in the past year, 15% have reviewed supply chain risk and only a quarter (27%) said they’d reported breaches to anyone beyond their IT/security providers.



The latter is particularly concerning given the strict reporting requirements of the GDPR.


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