How important is cyber security in the UK?

As cyber technology continues to develop, if not only offers UK businesses a greater source of potential income but, along with that, comes greater risks.

Across Britain, cyber-attacks are becoming more common. Although we have recently seen the introduction of the General Data Protection Regulation (GDPR) and other legislations looking to improve the security around personal data, the increase in attacks highlight the detrimental threats we now face on a corporate scale.

Reportedly, more than 50% of companies experienced one or more attacks that compromised their data or entire IT infrastructure — 77% of which utilised exploits or fireless techniques. Was this your business?

Evidently, if cyber attackers were able to harm more than half of companies in the UK, the other half are just as prone to attacks too. With the help of ISO27001-certified security company 2020 Vision, we analyse how businesses can protect both themselves and employees from any unsuspected, external threats.

Legislation and its compliance

Your business must be GDPR compliant. If you’re not, you’ll become more prone to cyber-attacks as your business won’t be following the new guidelines set out by the European Union and the methods that you currently have in place could potentially be outdated.

Where personal data has been leaked and not been reported within 72 hours, businesses could receive a penalty that costs 4% of their annual global turnover or €20 million (whichever is greater).

As an example, IP CCTV systems could potentially act as a gateway into your corporate network. However, by following the right procedures and teaming up with a security company like 2020 Vision, you can prevent this from happening — keeping your internal information as secure as possible.

If global organisations like Facebook and Google were reported for non-compliance within the first few hours of the legislation coming into action, chances are that you must review the current methods you have in place for compliance — whether this is related to CCTV or not. For further information on how you can remain compliant with this recent legislation introduced by the European Union, make sure to read this article.

The importance of passwords

It might seem obvious but to be compliant with GDPR, you must continue to change your passwords for business accounts and also encourage your workforce to do the same for their personal accounts. It’s important to make sure that the passwords you use differentiate with numbers, words, upper-case and lower-case letters, and special characters.

Common Cyber Attacks

  • Malware — including viruses, trojan horses, spyware and worms, malicious software can have detrimental impact on your business’ information. Malware can encrypt, steal and delete sensitive data without permission. 58% of malware attack victims were small businesses, and this figure is only growing. Collectively, 61% of small businesses experienced a cyber-attack in 2017, which was up by six per cent on 2016.
  • Phishing — a fraudulent act where cyber attackers pretend to be a reputable character (such as a business or a person) through email in a bid to get your personal details. According to research, 76% of businesses reported phishing attempts in 2017, which goes to show that cyber-attacks are becoming a more common avenue for hackers.

 

Denial in Service — otherwise known as DoS, this kind of cyber-attack drives more traffic to websites to crash their servers; meaning that genuine visitors are unable to use the online services of a company.

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