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A report commissioned by the government has revealed that data leaks are pervasive in the UK, with companies here paying a steep price.
The ‘2015 Information Security Breaches Survey’, conducted by PwC, offered some insight at London’s InfoSec Europe event. The information made some alarming insights, particularly regarding the number of data leaks, as well as the average cost of breaches. Other findings shed light on cyber insurance, response and incident detection.
The most alarming aspect of the report, with 661 responses garnered over three months, was that a huge 90 per cent of large firms have been subjected to a breach within the past 12 months – a nine per cent increase from last year.
The report also showed that small firms didn’t fare well either, with 74 per cent reporting a breach – a 16 per cent increase from last year.
However, the news was not all bad. Acting culture and digital economy minister, Giles Smith, said that 49 per cent of firms have a Cyber Essentials guide, or intend to acquire it, within the next 12 months.
Smith added:
“There’s still work to do, but working together, we can get there.”
The alarming numbers regarding breaches, however, indicate that most firms are not protecting their data as well as they could. We will hopefully see even more cyber security jobs made available within the next 12 months, as companies across the UK shore up any weaknesses that enable such breaches to occur.
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