Cyber security only prioritised by businesses after a data breach, DCMS reports
Posted on in Business News , Cycles News
Government research has revealed that UK businesses only begin to appreciate the importance of cyber security once the business has sustained a “serious” attack.
The observations have been included in a paper published by the Department for Culture, Media, and Sport (DCMS), which has been investigating cyber-attacks on UK businesses.
Half of the participants involved in the interviewing process conducted by the DCMS said senior leaders recognised that cyber security threats were real only after the business had been attacked.
Common observations among businesses were that senior leaders were not as engaged with security as a priority, and some didn’t fully understand the scale of the threats or the cultural transition required to meet the growing challenge.
Senior management and board members became markedly more engaged with cyber security because of their respective breaches and have since “demonstrated more serious intent” to improve the organisation’s cyber posture, though.
The improvements were observed across all different types of businesses that spoke to the DCMS as part of its research.
Every business that has a dependency on computer systems to transfer or store data is exposed to cyber risks, in today’s world this is much of every business.
A comprehensive cyber insurance protects your business from the effects of social engineering, ransomware attacks, cyber extortion, data breaches, fines & penalties, business interruption, first party & third-party liability.
ActSmart have worked with insurance specialists Butterworth Spengler for over 30 years to provide the ideal insurance solution. Cyber insurance provides comprehensive cover for data restoration, reinstatement or even re-creation if it is lost or corrupted.
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Read more on the Cyber Insurance service page.
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