How Cyber Attacks Have Impacted UK Businesses
A recent UK study showed that in the last year, 88% of businesses in the United Kingdom have fallen victim to a breach in their security. Usually, it is small-to-medium sized businesses that are more likely to be attacked. In the same report, it showed that there are 65,000 attacks on SMEs each day and around 4,500 of these hit their target.
With this being said, it is only just the beginning of more uncertain times. Cyber criminals’ prey on societal vulnerabilities, which is why scams have increased by 400% in March alone, making COVID-19 the largest security threat worldwide. With this being said, the largest source of data breaches remains people and processes rather than technology.
As of July 8th, victims of COVID-19 related scams have lost over £11 million collectively. We are not saying that people have suddenly forgotten how to identify a phishing email, or that they have become more gullible in the past 7 months. Instead, people have become used to big changes in small messages.