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One in 5 companies have skilled a cyber assault, with 9% of small companies experiencing this within the final 12 months.
This quantity rises to 35% of enormous company companies.
Aviva analysis additionally discovered that companies are 67% extra more likely to have skilled a cyber incident than a bodily theft.
As well as, it said that companies are virtually 5 instances as more likely to have skilled a cyber assault than a hearth.
When trying on the after results of a cyber assault or incident, virtually a 3rd (31%) skilled operational disruption, with an extra fifth (21%) experiencing knowledge loss and system lockdowns.
Moreover, interruptions akin to these led to companies claiming a median of £21,000 ($26,434) per incident in line with Aviva knowledge, though prices can run into the tens and even tons of of thousands and thousands of kilos.
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Stephen Ridley, head of cyber, Aviva, stated: “It’s necessary to recognise that companies of all shapes, sizes and sectors are at fixed threat of a cyber assault – notably at the moment of 12 months, with phishing emails usually growing round Black Friday and Christmas. The character of such a risk signifies that cyber criminals are evolving their ways, in search of the chance versus setting their sights on massive corporates alone.
“Although our analysis reveals that one in three (31%) companies see cyber as the largest threat to their companies, it’s worrying to see that many companies have no idea methods to defend themselves from this rising risk. Many companies would not have cyber cowl, leaving them uncovered to excessive, unexpected prices and vital enterprise disruption which may quantity to tens of hundreds of kilos.”
Detective Superintendent Ian Kirby, CEO of the Nationwide Cyber Resilience Centre Group (NCRCG), added: “Cybercrime is one thing that may impression on any organisation, no matter its dimension or wherever it’s within the nation. It’s important that each one companies throughout the UK financial system due to this fact have strong cyber practices in place, in order that they’re in the most effective place to guard themselves from cyber criminals.”
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