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48 Percent of UK Businesses Experience Cyber Breach During the Pandemic

48 Percent of UK Businesses Experience Cyber Breach During the Pandemic
New study by SecureAge reveals key trends in cybersecurity during COVID-19 and lack of preparedness

SecureAge Technology, a leading global data and endpoint protection company, announced the release of its 2021 COVID & Cybersecurity Study. Polling 200 employers and 400 employees from around the UK business world during Q3 2021, the study examined key cybersecurity topics and trends.

According to the survey commissioned by SecureAge,ย forty eight percent of businessesย have experienced a cyber breach during the COVID-19 pandemic and another 8% โ€˜were not sureโ€™. In addition, 16% of employees said they had personally had to deal with a cybersecurity incident during the same period.

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โ€œCOVID-19 created one of the most challenging periods ever for businesses, their staff and IT departments,โ€ said Nigel Thorpe, technical director at SecureAge Technologies. โ€œA new wave of COVID-inspired cybersecurity threats put the most robust defences to the test and exposed failures in planning, training, tools and overall preparedness. The level of breaches and confusion among employees demonstrates how disorganised and fragmented the cybersecurity landscape has become.โ€

While attacks were targeted specifically at the vast number of people forced to work from home, the SecureAge survey shows that many employers did not provide the level of cybersecurity training to raise awareness of critical threats. Less thanย 50% of employersย that responded said they provided formal training in detecting and handling suspicious emails, password security and protecting sensitive information when working remotely.

โ€œEmployers need to deliver more in-depth training or better still, remove the โ€˜weakest linkโ€™ by taking the human element out of cybersecurity altogether,โ€ said Thorpe. โ€œWith a recent KPMG survey showing that 94% of workers said they were stressed last year, having one less thing to worry about has got to be a good thing.โ€

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The SecureAge survey also highlights a lack of trust in cybersecurity defences. Only around a third ofย employersย andย employeesย said that they are โ€œvery confidentโ€ that their cybersecurity infrastructure would protect them from a cyberattack. The pandemic has exposed shortcomings in cybersecurity that are now being addressed. The survey shows that someย two-thirds of businesses (66%)ย are set to boost their investment in cybersecurity, with around 32% of these planning to increase budgets by up to 50%. Meanwhile,ย 86% of employersย have already begun to adopt new security measures to cope with the remote workforce.

โ€œWhile companies seem committed to improving their resilience, itโ€™s important that they spend the money wisely,โ€ said Thorpe. โ€œThere is an increasing acceptance that it is impossible to prevent every employee clicking on a malicious link or preventing a determined cybercriminal from gaining access to systems and networks. Itโ€™s time to move away from the โ€˜castle and moatโ€™ approach and spending thousands on employee training to take back control with a simple data-centric strategy that focuses on protecting the data itself.โ€

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[To share your insights with us, please write toย sghosh@martechseries.com]

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