Cybersecurity Becoming an Increasing Problem for U.K firms

Posted on 27 March, 2017 by admin

It is apparent that cyber-attacks are becoming a growing threat to the businesses in the UK.

In 2016, Tesco bank were in involved in a cyber-attack, resulting in the company having to refund millions of pounds to their customers, while Talktalk was fined nearly half a million pounds following the company’s customer data was stolen by hackers.

Cybersecurity Becoming an Increasing Problem for U.K firms

The main problem with cyber-atacks lies in the fact that the companies’ lack of understanding on how to handle such attacks, and furthermore, how to and who to report.

According to a study from the Institute of Directors and Barclays, although 94% of a sample of thousand UK businesses surveyed believe I.T security is a critical aspect, only 50% actually have a set strategy to deal with such attacks.

Moreover, 40% of the businesses surveyed had no knowledge of which law enforcement to inform if they were put in such a situation.

The IoD emphasised the importance of businesses having an appropriate strategy in place to deal with cyber-attacks. What’s more, the strategy should include, for instance, having adequate training for the staff and updating awareness schemes about cyber-attacks.



Related Posts


Leave a Reply


Recent Posts

how online reviews can destroy a business

Are online reviews destroying the reputation of struggling shops…

How Offering Free WiFi Can Benefit Your Business

How offering free WiFi can benefit your business

Is stockport a hotspot for Businesses

Is Stockport a hotspot for businesses?

reasons to start a business in Leeds

Is Leeds the right location for your business?

Could police station closures impact the community

Could police station closures impact the community?

are shopping malls struggling

Are struggling shopping centres fighting back?

How to start a B&B

Starting a new B&B Business?

creative shop shop displays

Increase foot traffic with creative shop displays

Could the video rental shop make a comeback

Could the video rental shop make a comeback?

Why Middlewich could be a good investment

Why Middlewich could be a good investment

Small business POS software guide

Small business POS system guide

Retail Shop layouts: The Options

Retail Shop layouts: The Options

Commercial property investment fund guide

Things to consider when looking to invest in commercial property

How old architecture is adapting to modern surroundings

How old architecture is adapting to modern surroundings

Are cinemas adapting after a decline in sales?

Are cinemas adapting after a decline in sales?

Birmingham office sold in £1.2million deal

Birmingham Office sold in £1.2million deal