The recently released Government compiled Cybersecurity Breaches survey 2019 has shown that the average cost of a successful cyber-attack has increased yet again.
The financial costs of a successful cyber-attack have risen consistently since 2017, with the average annual cost to businesses that lost data or assets following a breach rising from £2,450 to £3,160 in 2018. In 2019, that figure has increased again to £4,180.
In the case of larger businesses, the average cost rose to £22,700 and for medium businesses the cost climbed to £9270. The data also showed that attacks against charities also increased to £9,470.
Despite the data showing a rise in the financial cost of a successful cyber-attack, there are signs that businesses of all sizes are taking action to reduce the threat.
With new legislation such as GDPR coming into effect, businesses have had to sit up and take notice. Increased media attention of big data breaches and attacks has also played its part.
The survey shows:
Organisations can also raise their basic defences by attaining Cyber Essentials certification.
Businesses of all sizes can take control of their cybersecurity by using the award winning CyberScore™.
CyberScore™ is an automated testing service that allows you to take control of your cybersecurity by detecting vulnerabilities and providing you with empirical evidence and Get-Well plans. The score itself also allows you to clearly demonstrate to the board simply where your organisation currently stands in terms of its cyber risk rating and security posture
XQ Cyber also offers a range of incident response and consultancy services such as Penetration Testing, Cyber Posture Assessments and Incident Response preparedness and testing.