According to research carried out for Carbon Black, an endpoint security company, 88% of UK organisations reported they suffered a cyber breach in the past 12 months, with the average breaches per organisation running at 3.67! Attacks have become more frequent and more sophisticated, with one in five being phishing attacks, and malware and ransomware being the most prolific payloads.
As a result, 93% of organisations say they plan to increase spending on cyber security. Just as well, because cyber breaches destroy profits, depress share prices and disrupt executive careers. They’re also likely to trigger privacy compliance investigations.
More and more of the world’s personal data processing is covered by the EU GDPR (General Data Protection Regulation), or by a similar regional regulation – and, where a cyber breach affects personal data, these laws can trigger enforcement action that could have eye-watering consequences.