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Half of businesses fell victim to cyber attack in last year | #cybercrime | #computerhacker

Half of businesses (50 per cent) and around a third of charities (32 per cent) have experienced some form of cyber security breach or attack in the last 12 months.

They’re among the headlines of the latest Cyber Security Breaches Survey, which looks at the state of the UK’s cyber resilience.

Earlier this week vet group CVS revealed it suffered ‘considerable’ disruption after being hit by a cyber attack.

The survey found the likelihood of a cyber attack increased in medium sized businesses (70 per cent), large businesses (74 per cent) and high-income charities with £500,000 or more in annual income (66 per cent).

By far the most common type of breach or attack is phishing, (84 per cent of businesses).

The survey estimates that UK businesses have experienced approximately 7.78 million cyber crimes of all types and approximately 116,000 non-phishing cyber crimes in the last 12 months.

The average annual cost of cyber crime for businesses is estimated at approximately £1,120 per victim but this can rise significantly depending on the scale of the attack.

One leading cyber security expert warned that some organisations were an ‘accident waiting to happen’ because they weren’t protecting themselves adequately.

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Richard Staynings, chief security strategist for Cylera, said: “The latest Government’s Cyber Breaches Survey 2024 shows that an alarming 18 per cent more businesses have experienced some form of cyber security breach or attack in the last 12 months compared to last year’s findings.

“Despite this upward trend in attacks, it’s worrying to read that the percentage of organisations taking actions to identify cyber risks within their organisation and supply chain has largely unchanged compared to the year before.

“Still only around three in 10 businesses have undertaken cyber security risk assessments in the last year with again only around a third of businesses deploying security monitoring tools.

“It is concerning how rare it is still for organisations to be reviewing supply chain risk. This is an accident waiting to happen.”

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