Today’s cyber threats
For an increasing majority of UK businesses – small, large and all points in between – digital working processes dominate. Email, networked computers, smartphones and a range of handy apps drive the way we communicate. A variety of web-based order, procurement, financial, banking, HR and other business management platforms now control how we trade.
With such complexity and reliance on technology comes a sophisticated spectrum of electronic threats: from viruses and disruptive malicious software to highly motivated hackers, petty criminals and organised crime. Then there are the acts of careless or disgruntled employees – and even random cyber-saboteurs with no agenda other than scoring cheap and illegal thrills.
The scale of the problem
- 46% of all UK businesses identified at least one cyber security breach or attack in 2017.
- The annual losses to UK businesses from all types of fraud are estimated at around £193 billion.
- 66% of small UK businesses have been a victim of cybercrime.