Here’s How Organisations Are Handling Their Cyber-Security Risk
Every year, the Department for Digital, Culture, Media & Sport releases its annual Cyber Security Breaches Survey. This year’s data allows organisations to take a closer look at top cyber-threats, analyse the impacts of disruptive breaches and understand the importance of managing cyber-security risks.
Indeed, 32 per cent of businesses and 22 per cent of charities experienced a cyber-attack in the past 12 months. Between these startling statistics and the first anniversary of the GDPR’s implementation, it’s no surprise that nearly 80 per cent of businesses and 75 per cent of charities now rate cyber-security as a high priority—more than ever before. As a result, the survey data reported these top organisational approaches to cyber-security:
- Controls and policies—Common controls that organisations have implemented to bolster their cyber-security efforts include applying available software updates, having updated malware protection and using firewalls with an appropriate configuration. In addition, 33 per cent of businesses and 36 per cent of charities have a workplace policy or policies that cover cyber-security risks.
- Staff training—Nearly 30 per cent of both businesses and charities trained their staff on cyber-security this past year. Also, 35 per cent of businesses and 30 per cent of charities have at least one board member or trustee that is responsible for cyber-security.
- Documentation—62 per cent of businesses and 60 per cent of charities have taken action to identify and document cyber-security this past year. Top actions include business-as-usual routine health checks, cyber-risk assessments and internal audits.
Apart from these methods, only 11 per cent of businesses and 6 per cent of charities have a cyber-security insurance policy. Don’t miss out on the best form of protection against cyber-attacks. Contact LI Insurance Services today to discuss cyber-insurance solutions to protect your business.