More than eight out of ten UK businesses have suffered a security breach in 2014, according to the 2015 Information Security Breaches Survey conducted by the British Department of Business (BIS) and accountancy company PwC.
The damages inflicted by the worst security breaches in the UK have almost tripled last year, as the average cost for a big business that suffered a security breach starts from £1.46 million, compared to £600,000 in 2014.
"With 9 out of 10 respondents reporting a cyber breach in the past year, every organisation needs to be considering how they defend and deal with the cyber threats they face," saidAndrew Miller, Cyber Security Director at PwC ."Breaches are becoming increasingly sophisticated, often involving internal staff to amplify their effect, and the impacts we are seeing are increasingly long-lasting and costly to deal with."
The survey also revealed that 90 percent of large organizations have suffered a security breach, while 74 percent of small and medium-sized companies have reported the same problem.
Close to 60 percent of respondents are pessimistic about the next year, saying that there will be more incidents compared to the last one.
"Companies implementing Cyber Essentials can thwart the majority of current cyber attacks, making the programme potentially the biggest single contribution to cutting cyber crime," Tony Morbin, SC Magazine Editor-in-Chief concluded. "It is most certainly a worthy winner, as are all the partners across government and industry who have worked together to design, manage and deliver the program.