Cybernetics puts 33% of UK mid-market companies offline for a day

One-third of UK mid-market organizations hit by cyber-attacks in 2021 suffered breakdowns that severed them for more than a day, according to research published by cybersecurity firm Censornet.

“For the average UK market, cybersecurity matters,” said Ed Macnair, CEO of Censornet, a Basingstoke – based company that provides automated cybersecurity software to companies including Thatchers Cider and Lotus Cars.

The report, which surveyed 200 IT decision-makers at UK mid-market companies, found that ransom goods had particular problems. It was found that 69% of respondents felt incapable of protecting against the file encryption malware and 21% admitted that they were forced to pay hackers to end the attack.

Among mid-market companies that paid, the average payment was £ 144,000 and 7% of respondents said they parted with over £ 500,000.

“The financial cost and reputation of cybercrime is rising, putting more pressure on professionals who are tackling hundreds of alerts a day from siled products,” Macnair said. “Organizations need to work smarter, not harder.”

A separate report published by Slovak cybersecurity firm ESET this week found that London has the highest cybercrime rate in the UK, with 5,258 reports in total.

This was followed by the West Midlands at 1,242, according to police data compiled by ESET. Cumbria was the area with the lowest cybercrime, with only 174 reports, followed by Cleveland 194 and Dyfed-Powys 213.

In its report, ESET found an overall decrease of 2.97% in cybercrime in 2021. The most common form of cybercrime for 2021 was social media and email hacking, which accounted for 53.1% of reports. This was followed by computer viruses, which accounted for 28% of reports.

The areas where cybercrime decreased were Gloucestershire by -31.56%, Northumbria -31.49% and Wiltshire -30.59%.

Jake Moore, ESET’s cybersecurity specialist, said people should “remember to put in place basic security measures to combat password manager hacking and multi-factor authentication for all online accounts”.

Investment in UK cybersecurity companies more than £ 1bn ever in 2021, an increase of 25% on the previous year.

Cybernetics puts 33% of UK mid-market companies offline for a day

Source link Cybernetics puts 33% of UK mid-market companies offline for a day

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