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68% of UK businesses hit by a cyberattack this year

Mon 10 Dec 2018

New research from RedSeal reveals UK industry needs greater support from the government against mounting cyber threats 

Fears over the UK’s withdrawal from the European Union might have dominated the business press in 2018, but new research from security vendor RedSeal has outlined the equally real, present (and arguably larger), danger posed by cyberattackers to operations.

RedSeal canvassed 501 Senior UK IT professionals in November to understand the impact cyberattacks had on their businesses in 2018 and to explore how prepared their firms were to deal with them. According to the report, 68 percent of IT bosses say their business suffered at least one cyberattack in the past year.

Given increasing confidence of cyberattackers, the sophistication of attacks, and the ease at which they can be deployed, it is inevitable that attack rates will continue to increase. But perhaps of more concern to UK industry is the grim picture the report paints of the helplessness felt by firms in the face of mounting threats.

UK industry exposed

Firms report feeling a lack of guidance or support on how to deal with threats, often resulting in them lacking a strategy to deal with attacks when they arise: a third of bosses interviewed said the UK government needed to do more to help with cybersecurity, and one in five lacked a clear cybersecurity strategy.

RedSeal CEO, Ray Rothrock commented:

“The number of high profile breaches has meant that 2018 has become the year where businesses are left wondering what more they can do to protect themselves, how to remain resilient, to keep operating and minimise customer damage.

Our research highlights the fact that that senior IT bosses want the UK government to direct more attention, money and resource to supporting their businesses in the face of cyberattacks.”

RedSeal’s research echoes the findings of the Government’s latest annual Cyber Security Breaches Survey. The report flagged that only 30 percent of UK businesses have a board member with responsibility for cybersecurity and only ten percent require their suppliers to adhere to any cyber standards.

In October, the Chancellor of the Duchy of Lancaster, David Lidington, revealed the Government’s latest announcement on its cybersecurity strategy for UK business is planned for next month.

Speaking at the National Cyber Security Centre’s (NCSC) second annual review, Lidington said increasing cybersecurity dangers demand a ‘comprehensive response’.

“As our digitally connected world has expanded at an extraordinary rate, so too has the scale of vulnerabilities and the frequency of attacks that we face,” he said.

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cyber attack cyber breach cyber security cyberattack cybersecurity
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