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2018 Cyber Security Breaches Survey

Home / News & Opportunities / Member News

Date: 06/09/2018

Over 40 per cent of businesses and nearly 20 per cent of charities reported a cyber-security breach or attack within the last 12 months. And those are just the ones they knew about.

When such breaches occur, businesses and charities can suffer a variety of problems, including
spending huge sums on new cyber-security measures and workers being unable to carry out their
daily responsibilities. Looking at the numbers, the average cost of a cyber-security breach for
businesses is £3,100 and £1,030 for charities.
 
Despite the growing presence of cyber-attacks, research shows that businesses and charities still
lack the proper measures to stop threats. While almost 75 per cent of businesses and over 50 per
cent of charities rank cyber-security as high priority for their organisation, less than 30 per cent of
businesses and 20 per cent of charities currently have formal cyber-security policies.
 
With this data in mind, Sutcliffe & Co. Insurance Brokers is proud to present our report
summarising the 2018 Cyber Security Breaches Survey, commissioned by the Department for
Digital, Culture, Media & Sport as part of the National Cyber Security Programme.
 
As you read through these numbers, consider what you can do to bolster your business’ or
charity’s cyber-security.

Click here to read