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Tag / cyber

SMEs waken to cyber risks and reputational damage

SMEs waken to cyber risks and reputational damage

News   •   Sep 27, 2016 16:04 BST

The risks posed by cyber attacks and reputational damage are increasingly worrying small and medium-sized enterprises according to Zurich Insurance Group’s third annual global SME survey. Among respondents, concerns about cybercrime have almost tripled since 2013 (11% vs 4%), while worries about reputational damage have also increased (14% vs 8% three years ago).

Faster response times needed to combat cyber threat

Faster response times needed to combat cyber threat

News   •   Jun 29, 2016 11:00 BST

​Two thirds of respondents to a global survey by the Business Continuity Institute claimed they had experienced at least one cyber incident during the previous twelve months, and 15% experienced at least ten incidents during the same period.

Organizations face the full financial brunt of cyber attacks

Organizations face the full financial brunt of cyber attacks

News   •   Jun 28, 2016 15:02 BST

Almost half (45%) of firms with cyber insurance are unsure if their policy is up-to-date for covering new cyber social engineering attacks, and only 10% believe it is completely up-to-date. Just 43% of firms with cyber insurance are confident that their policies would pay out for whaling financial transactions. Nearly two-thirds (64%) of firms don’t have any cyber insurance at all.

​Why the ‘human factor’ matters in cyber resilience

​Why the ‘human factor’ matters in cyber resilience

Blog posts   •   Apr 27, 2016 16:57 BST

It is hard to get away from the presence and scale of the cyber security threat. The media is full of stories of companies who have been hit by a data breach. UK government figures from the Information Security Breaches Survey 2015 indicate that the average cost of the most severe online security breaches range from £1.5 to £3.1 million for big business and from £75,000 to £311,000 for SMEs.

How cyber resilient is your organization?

How cyber resilient is your organization?

News   •   Apr 11, 2016 12:30 BST

The latest Horizon Scan Report published by the Business Continuity Institute showed just how big the cyber threat is, with cyber attacks ranking as the number one concern to business continuity professionals for the second successive year, and data breach moving up to the number two spot.

The cyber threat to supply chains

The cyber threat to supply chains

News   •   Oct 29, 2015 16:33 GMT

In the latest edition of the Business Continuity Institute's Working Paper Series, Gianluca Riglietti investigates cyber supply chain resilience and highlights why business continuity is so important in helping to achieve this.