70 percent of companies in the UK have fallen victim to a cyberattack at least once in the past two years. This is according to the “Cyber Security Report UK 2024/25” by security firm Horizon3.ai.
For the report, a sample of 100 UK-based companies was surveyed. According to the findings, 53 percent of companies reported a specific incident of damage. 16 percent detected a hacker attack but claimed to have successfully defended against it. 23 percent of the companies contacted by Horizon3.ai were unsure whether they had been the victim of a cyberattack in the past 24 months. Only 8 percent of companies stated, “We are certain that we were not attacked.”
Nearly Half of Companies Targeted by Two or More Cyberattacks
Nearly half of the companies (44 percent) were targeted by a cyberattack twice or more during the two-year period examined, according to the “Cyber Security Report UK 2024/2025.”
Downtime, Financial Losses, Legal Consequences, and Data Theft
According to the “Cyber Security Report DACH 2024/2025,” 62 percent of the surveyed organisations experienced downtime due to a cyberattack over the two-year period examined. 42 percent (multiple answers were allowed) suffered financial losses as a result. 15 percent faced legal consequences, while data theft occurred in 35 percent of cases. Alarmingly, 54 percent of companies received a ransom demand to recover data encrypted by hackers.
Key Executives’ Lack of Understanding of Risks and Their Personal and Corporate Impact
The participants selected for the survey predominantly hold responsible positions within their companies: IT team leaders (21 percent), Chief Information Security Officers (18 percent), Chief Technology Officers (14 percent), Chief Information Officers, and IT Managers (12 percent each). “According to the survey, more than half of the executives who would be personally affected in the event of a cyber incident do not believe they could be held liable for potential damage,” says Keith Poyser, highlighting the lack of understanding among key executives about the risks and their potential personal and corporate impact.
The cybersecurity expert warns: “Organisations must urgently step up their efforts on cybersecurity. With artificial intelligence driving increasingly rapid and aggressive cyberattacks, and the growing use of remote work and the increase of Internet of Things (IoT) devices being connected to corporate networks, the opportunities for threat actors are expanding. The gap between the growing threats and the level of protection organisations have in place is widening at an alarming rate.”
Cybersecurity Under Threat: New Study Exposes ‘Security Chaos’: https://www.presseportal.de/en/pm/163532/5915975
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This entry was posted on November 25, 2024 at 1:53 pm and is filed under Commentary with tags horizon3.ai. You can follow any responses to this entry through the RSS 2.0 feed.
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New Horizon3.ai survey of U.K. finds 70% of companies hit by cyberattack in last 2 years
70 percent of companies in the UK have fallen victim to a cyberattack at least once in the past two years. This is according to the “Cyber Security Report UK 2024/25” by security firm Horizon3.ai.
For the report, a sample of 100 UK-based companies was surveyed. According to the findings, 53 percent of companies reported a specific incident of damage. 16 percent detected a hacker attack but claimed to have successfully defended against it. 23 percent of the companies contacted by Horizon3.ai were unsure whether they had been the victim of a cyberattack in the past 24 months. Only 8 percent of companies stated, “We are certain that we were not attacked.”
Nearly Half of Companies Targeted by Two or More Cyberattacks
Nearly half of the companies (44 percent) were targeted by a cyberattack twice or more during the two-year period examined, according to the “Cyber Security Report UK 2024/2025.”
Downtime, Financial Losses, Legal Consequences, and Data Theft
According to the “Cyber Security Report DACH 2024/2025,” 62 percent of the surveyed organisations experienced downtime due to a cyberattack over the two-year period examined. 42 percent (multiple answers were allowed) suffered financial losses as a result. 15 percent faced legal consequences, while data theft occurred in 35 percent of cases. Alarmingly, 54 percent of companies received a ransom demand to recover data encrypted by hackers.
Key Executives’ Lack of Understanding of Risks and Their Personal and Corporate Impact
The participants selected for the survey predominantly hold responsible positions within their companies: IT team leaders (21 percent), Chief Information Security Officers (18 percent), Chief Technology Officers (14 percent), Chief Information Officers, and IT Managers (12 percent each). “According to the survey, more than half of the executives who would be personally affected in the event of a cyber incident do not believe they could be held liable for potential damage,” says Keith Poyser, highlighting the lack of understanding among key executives about the risks and their potential personal and corporate impact.
The cybersecurity expert warns: “Organisations must urgently step up their efforts on cybersecurity. With artificial intelligence driving increasingly rapid and aggressive cyberattacks, and the growing use of remote work and the increase of Internet of Things (IoT) devices being connected to corporate networks, the opportunities for threat actors are expanding. The gap between the growing threats and the level of protection organisations have in place is widening at an alarming rate.”
Cybersecurity Under Threat: New Study Exposes ‘Security Chaos’: https://www.presseportal.de/en/pm/163532/5915975
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This entry was posted on November 25, 2024 at 1:53 pm and is filed under Commentary with tags horizon3.ai. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.