How safe are you?
London businesses carry out routine fire drills twice as frequently as cyber drills, according to new research from accelerated training provider, Firebrand Training. Despite the number of businesses suffering from cyber breaches which is 125 times greater than the number of businesses reporting fires on their premises.
An average of 22,000 fires occurred in non-domestic settings in the UK, a modest figure when compared to the 2,750,000 British businesses that are suspected to have suffered cyber attacks
The Firebrand report also revealed that more than a third (38 per cent) of London businesses think that cybercrime is not a threat to their business. Yet, Government research shows that almost half (46 per cent) of all businesses have identified a cyber security breach or attack in the last year.
Robert Chapman, co-founder of Firebrand said: “In some ways we were surprised by the proactivity of the capital’s businesses in terms of prevention, but we were also surprised that 20 per cent of businesses only complete cyber drills once a year.”
“Cybercrime is constantly evolving. If you’re testing your systems once a year, and patching up breaches with new safeguards, but then leaving this for another 12 months you’re incredibly vulnerable, as we’ve seen with the NHS attacks. It’s like expecting cling-film to be an effective material for dam building.”
The new research is released following the global ransomware attacks that hit the NHS as well as organisations around the world. More than 500 business-training decision makers and HR professionals were interviewed for the Firebrand report.
London business people are placing cyber training only fifth on a list of training requirements they intend to invest in during the next 12 months, which comes as close to a half of London’s businesses (41 per cent) said they had no idea where to start to keep their business safe from cyber threats.
There was also a worrying lack of awareness of the Apprenticeship Levy with two fifths of the capital’s professionals questioned (41 per cent) not knowing what this is. Yet, the Levy can be used to fund specialist cyber training for new or existing staff.
Chapman added: “Everyone has a responsibility to be cyber-confident. The figures we’ve been presented with, where only 40 per cent believe their colleagues are competent and responsibly changing passwords on a regular basis are quite frightening, in particular as we approach legislation which will enforce fines on businesses who suffer data breaches.
“Your colleagues are your first defence (and biggest risk) as a business, and keeping them trained on these issues could make all the difference to your security and your bottom line.”
The General Data Protection Regulation was approved by the EU Parliament on 14 April 2016 and will be enforced by 25 May 2018 at which time organisations could face heavy fines if their data is breached.