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One in 5 companies have skilled a cyber assault, with 9% of small companies experiencing this within the final 12 months.
This quantity rises to 35% of enormous company companies.
Aviva analysis additionally discovered that companies are 67% extra prone to have skilled a cyber incident than a bodily theft.
As well as, it said that companies are nearly 5 occasions as prone to have skilled a cyber assault than a fireplace.
When wanting on the after results of a cyber assault or incident, nearly a 3rd (31%) skilled operational disruption, with an extra fifth (21%) experiencing knowledge loss and system lockdowns.
Moreover, interruptions equivalent to these led to corporations claiming a median of £21,000 ($26,434) per incident in response to Aviva knowledge, though prices can run into the tens and even a whole bunch of hundreds of thousands of kilos.
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Stephen Ridley, head of cyber, Aviva, mentioned: “It’s necessary to recognise that companies of all shapes, sizes and sectors are at fixed danger of a cyber assault – notably right now of 12 months, with phishing emails usually growing round Black Friday and Christmas. The character of such a menace implies that cyber criminals are evolving their techniques, in search of the chance versus setting their sights on massive corporates alone.
“Although our analysis exhibits that one in three (31%) companies see cyber as the most important danger to their companies, it’s worrying to see that many companies have no idea how you can shield themselves from this rising menace. Many companies should not have cyber cowl, leaving them uncovered to excessive, unexpected prices and vital enterprise disruption which might quantity to tens of 1000’s of kilos.”
Detective Superintendent Ian Kirby, CEO of the Nationwide Cyber Resilience Centre Group (NCRCG), added: “Cybercrime is one thing that may affect on any organisation, no matter its measurement or wherever it’s within the nation. It’s important that every one companies throughout the UK economic system due to this fact have sturdy cyber practices in place, in order that they’re in the most effective place to guard themselves from cyber criminals.”
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