0370 270 6000

Cybersecurity – breaches reach highest ever level

25 April 2013

On 23 April 2013, the Government published guidance on cyber-security for small businesses.

The guidance explains what cyber-security risks are, and outlines how businesses can plan, implement and review their cybersecurity.

According to a recent survey by PwC, the threat of security breaches is at its highest ever level, with 87% of small businesses and 93% of large businesses experiencing a security breach in the last year. The average cost to a small business of its worst security breach was between £35k-£65k; whereas the figure for large businesses was between £450k-£850k. These costs were made up of regulatory fines and compensation, lost assets (including IP), lost business and cash spent to recover and remediate.

These figures, combined with the cost of reputational damage, show just how critical careful cybersecurity planning and management really is.

Related opinions

IR35 rules to be scrapped from April 2023

The Chancellor’s recent mini-budget provided a significant announcement for business as it was confirmed that the off-payroll working rules (known as “IR35”) put in place for public and private sector businesses from 2017 and 2021 will be scrapped from April 2023.

View blog

Cameras in convenience stores: a potential hornet’s nest..?

A convenience retailer has opted to install cameras (the “Facewatch” system) at a limited number of its English stores to reduce crime and protect its staff.

View blog

Job applicant receives settlement due to unlawful age discrimination at interview

Janice Walsh applied for a job with Domino’s Pizza, hoping to secure a role as a Delivery Driver. However things quickly took a turn for the worse during her initial interview, with the very first question that she was asked relating to her age. Ms Walsh was ultimately informed that she had not been successful in her application.

View blog

Challenges from potential Foster Carers and Adopters

Our immediate future shows a renewed focus on foster care. We’re going to see a new nationwide-drive to recruit foster carers and the implementation of a more robust, and potentially financially-generous system for encouraging friends and family to care for their relatives (both when extended families cannot cope or provide care for any reason).

View blog

Mailing list sign up

Select which mailings you would like to receive from us.

Sign up