84% of the UK’s Largest Companies Don’t Understand the Seriousness of Cybercrime

The Government has released it’s 2019 ‘Cyber Governance Health Check’ report which reveals that only 16% of boards have a comprehensive understanding of the impact of loss or disruption associated with cybercrime.

Whilst we know we might sound like a broken record, constantly highlighting the importance of a having a concrete cybersecurity solution in place within your business, but with this latest and alarming report coming from UK government officials, now is probably a good time to start and listen…

 


 

The (Alarming) Numbers

The report, which was published on March 5th shows that 96% of these FTSE-350 companies have a cybersecurity strategy in place, leaving an alarming 4% of businesses totally unprotected, and we’re not talking about a man with a van or your local newsagent here, we’re talking about some of the biggest and best companies in the UK, if not the world.

Whilst the report suggests 96% of businesses have a cyber-security strategy in place, this could, in fact, be a misleading statistic when only 16% of these decision-makers and executives actually understand the threat, meaning funds will be inadequately allocated, and appropriate investments in technology and solutions will not be made – keeping cybercriminals at large.

In addition, although the majority (96%) of these top businesses do have a plan in place, only 57% of them test them on a regular basis – essentially making their overall security efforts ineffective or vulnerable to an attack.

On the whole, the subject of cybersecurity is becoming a forever growing thought in the minds of company boards, with 54% in 2018 saying that the security of critical information, data assets and systems were a priority – up from 43% in 2017 and 32% in 2016.

Minister for Digital and the Creative Industries, Margot James MP said:

“The UK is home to world-leading businesses but the threat of cyber-attacks is never far away. We know that companies are well aware of the risks, but more needs to be done by boards to make sure that they don’t fall victim to a cyber-attack.”

Read the full report here.

 


 

Prevention Is Far Better Than the Cure!

Like anything, prevention is far better than the cure – so do you really want to wait until after an attack has happened before you realise the level of seriousness and the detriment it could have on your business?

That’s if you still have a business at that point of course!

Former Cisco CEO, John Chambers once said,

“There are two types of companies: those that have been hacked, and those who don’t yet know they have been hacked.”

 

Managed Network Security is Your Best Defence Against Attack

Protecting your network from the latest threats is a daily challenge. To succeed, you need the most up to date technology, the most highly skilled staff, the most advanced software and a comprehensive Disaster Recovery plan.

But all of this protection comes at a cost. Especially if you find yourself in a situation where you need to bring it all in unexpectedly in direct response to a critical situation.

A Managed Network Security service, on the other hand, gives you all the advantages of an in-house solution at a fraction of the cost.

 

Full Protection at a Fraction of the Cost

With our managed network security service, you get all the benefits of having a dedicated security team, ready to assist you in the event of an attack. We protect your workplace with the latest hardware, software and expertise, and secure your network within our fully protected environment.

We take the responsibility of staying up to date with the latest threats away from you and leave them in the highly trained hands of our experts, whose entire job is to stay up-to-date with threats and take action to protect you.

We make the complicated task of network security simple.

 

How Will a Managed Network Security Solution Keep Your Workplace Safe?

  • Protect your workplace against newly emerging threats automatically
  • Defend against attack with the latest and most sophisticated hardware available
  • 24/7 support from a dedicated team of security experts
  • Bring expertise into your team at a fraction of the cost

Get a FREE no-obligation consultation at your business and let us examine your existing infrastructure and security network(s).

As well as examine what you’re currently doing, we will advise on how you can best protect your assets – and help prepare you and your business for the imminent threat of a cyberattack.

 

BOOK YOUR FREE CONSULTATION

 

 

 

Address

Advantex Network Solutions Limited
16B Follingsby Close
Gateshead
Tyne and Wear
NE10 8YG

Phone

0345 222 0 666