CYBER SECURITY
Why is Cyber security important?
Hackers frequently target SMEs as they tend to have weaker security protocols than larger businesses. Cyber attacks can take various forms, including ransomware, malware, phishing emails, and social engineering. In the case of a successful attack, the financial and reputational impacts could be devastating. Managed services providers offer SMEs reliable and cost-effective cybersecurity solutions, including proactive network monitoring, data backup and recovery, employee training, and software updates. Don’t wait until it’s too late – invest in your company’s cybersecurity today.
How We Help
Advanced Roaming Security
We offer roaming security solutions and internet server validation services that aim to provide a safe working environment for your employees regardless of their location. With our services, you can be assured that your workforce can operate smoothly without encountering any security issues or prompts. We prioritize hassle-free operations to ensure that your team can focus on productivity and performance without having to worry about security matters.
Employee security training
We offer effective staff cyber security training that covers a variety of topics including password security and malware prevention. We use engaging and interactive teaching techniques to ensure that employees gain the necessary skills to identify and respond to potential cyber threats. With our training, employees are better equipped to protect sensitive data and company assets, thus reducing the risk of any unintentional breaches.
Legal compliance
Implementing cyber security measures is essential for legal compliance as laws and regulations now require companies to protect sensitive data and personal information from cyber threats and data breaches. Failure to comply with these regulations can result in significant legal and financial consequences, including fines, legal fees, and reputational damage, which can harm a company’s operations and bottom line.
Security for Cloud Services
To protect against cyber threats in complex cloud environments, businesses must manage and secure their cloud services. Robust security measures and regular monitoring can reduce the risk of data breaches, and other threats, maintaining data and application integrity. This is key for upholding a good reputation, complying with regulations, and avoiding costly security incidents. We analyse and harden security for all your cloud platforms and integrations.
Benefits of Managed Cyber Security
- Protects against cyber threats
- Minimizes data breaches
- Protects confidential data
- Enhances business continuity
- Boosts customer confidence
- Improves regulatory compliance
- Saves time and resources
- Reduces financial losses
- Supports business growth
- Provides peace of mind
UK Cyber Security Statistics
In 2023, the UK’s cybersecurity landscape presented several critical statistics that highlight the evolving nature of digital threats and the responses to them. Here are the top seven cybersecurity statistics for the UK in 2023:
Increase in Cyber Attacks (30% Rise): This rise in cyber attacks translated into substantial financial losses for businesses, with an estimated cost of £5.2 billion nationwide. The increased frequency of attacks necessitated larger investments in cybersecurity measures, impacting company budgets.
Ransomware Dominance (40% of Incidents): Ransomware attacks, making up 40% of cyber incidents, led to financial losses averaging £1.3 million per incident. The cost included ransom payments, system restoration, and lost business during downtime, severely affecting both large and small businesses.
Phishing Attempts (25% Increase): The surge in phishing attempts caused an estimated £870 million in losses. These losses were largely due to fraud, data theft, and subsequent regulatory fines, impacting businesses across various sectors.
Data Breaches (15% Increase): The increase in data breaches led to an average financial impact of £2.4 million per breach. This cost encompassed legal fees, compensations, and reputational damage control, particularly for businesses handling sensitive customer data.
Investment in Cybersecurity (20% Budget Increase): Businesses increased their cybersecurity budgets by an average of 20%, representing a significant financial commitment. For many companies, this meant allocating an additional £500,000 to £1 million towards cybersecurity initiatives, reflecting the rising cost of ensuring digital safety.
IoT Security Concerns (35% Incident Increase): The financial impact of IoT-related security incidents was estimated at around £650 million. This figure includes the cost of securing IoT devices, dealing with breaches, and updating legacy systems to better handle IoT security.
Public Awareness and Education (50% Participation Increase): The heightened focus on cybersecurity education and awareness programs represented an investment of approximately £200 million by the government and private sector. This investment is seen as crucial in reducing the human error aspect of cyber threats and is expected to provide long-term savings in terms of reduced incidents.
These statistics underscore the significant fiscal implications of cybersecurity challenges in the UK. The direct and indirect costs associated with cyber incidents and the investments made to mitigate these risks highlight the critical need for robust cybersecurity strategies
