A specialist division of Magenta Security Services
The Threats Are Out There . . .
The Cybercrime Facts
32% of businesses and 24% of charities overall recall any breaches or attacks from the last 12 months. This is much higher for medium businesses (59%), large businesses (69%) and high-income charities with £500,000 or more in annual income (56%). Around a third (34% for businesses and 32% for charities) ended up being victims of cybercrime.
The Cost £ of Cybercrime
The average (mean) annual cost of cybercrime for businesses is estimated at approximately £15,300 per victim. Source: Official Statistics, Cyber security breaches survey 2023. Published 19 April 2023
How Cybercrime can Affect Your Business
Here are the top three issues that businesses commonly face as a result of cybercrime:
Reputation Damage: Damage to a business’s reputation is a critical consequence of cybercrime. Data breaches that expose sensitive customer or employee information can erode trust and confidence in the company, potentially resulting in a loss of customers, partners, and investors.
Operational Disruption: Operational disruption caused by cyberattacks can disrupt business activities, leading to downtime, lost productivity, and missed deadlines. This can have a cascading effect on the company’s performance, impacting its ability to serve customers and meet strategic objectives.
Legal and Regulatory Consequences: Non-compliance with data protection regulations, such as GDPR or HIPAA, can result in significant legal consequences and fines. Additionally, businesses may face lawsuits from affected parties seeking compensation for data breaches or other cyber incidents.
Your Main Vulnerability:
People within Your Organisation
The main vulnerability comes from the people working within your organisation. Quite innocently, they can expose your infrastructure to attack. This susceptibility manifests in various forms, including but not limited to phishing, viruses, spyware, or malware, posing substantial risks to your organisation’s digital security.
Let’s delve deeper into these aspects:
Phishing: Employees may receive seemingly legitimate emails that encourage them to click on links, download attachments, or provide sensitive information like usernames and passwords. Falling victim to these phishing attacks can grant unauthorised access to your systems, putting your organisation’s data at risk.
Viruses: Employees may inadvertently introduce viruses into your network by downloading infected files or visiting compromised websites. These viruses can rapidly spread throughout your infrastructure, corrupting or stealing data and disrupting operations.
Spyware: Sometimes, employees unknowingly install spyware on their devices through seemingly harmless downloads or software updates. Spyware can monitor user activities, capture sensitive information, and relay it to malicious actors, compromising your organisation’s confidentiality.
Malware: Employees may inadvertently execute malicious software on their computers or devices, which can disrupt operations, corrupt data, or steal sensitive information. Malware can take various forms, such as ransomware, trojans, or keyloggers, and can cause significant harm if not promptly detected and mitigated.
To address these vulnerabilities, organisations should implement robust cyber security training programs to educate employees about recognising and responding to potential threats.
Our Comprehensive Cyber Security Training Program
Training: Training staff to prevent cyberattacks is vital because it empowers them with the knowledge and skills needed to recognise and respond to potential threats, reducing the risk of security breaches.
Protection: Following comprehensive cyber security training, you can enjoy a heightened level of protection that safeguards sensitive data and critical operations from potential cyber threats.
What they’ll learn …..
With this training, you and your colleagues will gain the skills to:
REALISE there’s a cybersecurity threat
RECOGNISE the type of threat
RESPOND to report the threat, so it can be immediately managed
The training journey is simple and engaging:
Step 1: Access the online training platform app 24/7
Step 2: Progress through the course program, taking a test at the end of each module
Step 3: Receive a certificate as proof of completion and competence
With all this in place, your organisation will be fortified with the same evidence-led, practical, client-specific strategies that are proven to protect your business. Don’t delay, get in touch today!
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