The latest UK Government Cyber Security Breaches Survey reveals a concerning trend: half of UK businesses experienced a cyber incident or data breach in the past year. This marks an increase from the previous year and includes a significant 32% of charities reporting similar experiences.

Phishing attacks are the most prevalent form of cyber threats, affecting the vast majority of organizations. Interestingly, while most affected entities could recover operations within a day, the aftermath includes various disruptions ranging from slower online services to direct financial losses.

Large businesses notably faced higher financial burdens due to these incidents, with substantial costs linked to immediate and long-term recovery measures. Despite the rising threat, there’s a notable gap in proactive cybersecurity measures across businesses, especially in ransomware defense and supply chain risk management.

This increasing vulnerability underscores the need for stringent cybersecurity protocols and enhanced employee training to mitigate future risks effectively.

Read more from here: Half of UK Businesses Hit by Cyber-Incident in Past Year, UK Government Finds