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23 Aug 2022

Government research has revealed that UK businesses only begin to appreciate the importance of cyber security once the business has sustained a “serious” attack.

22 Aug 2022

In its latest Payment Markets Report, UK Finance has said that the 40.4 billion payments made by consumers and businesses in the UK during 2021 represented a return to pre-pandemic payment...

18 Aug 2022

Small shops are defined as any shop less than 1,850m² (or 20,000 ft²). There are around 500,000 small shops in England and Wales – accounting for £11.5bn worth of rateable...

18 Aug 2022

Over 100 leading UK retailers have written a joint letter to Police and Crime Commissioners in England and Wales requesting that violence and abuse against retail workers be made a priority,...

17 Aug 2022

Industry magazine BikeBiz has opened nominations for its annual retailer awards in association with ArmaUrto. Categories include IBD of the Year, Omnichannel Retailer of the Year, and Best...

17 Aug 2022

According to the BRC-KPMG Retail Sales Monitor, retail sales rose in July though the news came with a warning that this could be the “lull before the storm”.

11 Aug 2022

A viable option for today’s cash-strapped consumers looking to spread the cost of their new method of transportation is retail finance. Retail finance can take the cost of their new...

11 Aug 2022

Cycling UK has opened nominations for its annual list celebrating inspirational women who empower others to get cycling

11 Aug 2022

It has been reported that the Government is likely to introduce a causing death by dangerous cycling law as part of new legislation to be included in a Transport Bill which will begin its...

11 Aug 2022

With climate change and fuel prices on the rise, many people are turning to alternative methods of transportation in order to cut their carbon footprint and save money. The government is slowly...

Cyber security only prioritised by businesses after a data breach, DCMS reports

Posted on in Business News , Cycles News

Government research has revealed that UK businesses only begin to appreciate the importance of cyber security once the business has sustained a “serious” attack.

The observations have been included in a paper published by the Department for Culture, Media, and Sport (DCMS), which has been investigating cyber-attacks on UK businesses.

Half of the participants involved in the interviewing process conducted by the DCMS said senior leaders recognised that cyber security threats were real only after the business had been attacked.

Common observations among businesses were that senior leaders were not as engaged with security as a priority, and some didn’t fully understand the scale of the threats or the cultural transition required to meet the growing challenge.

Senior management and board members became markedly more engaged with cyber security because of their respective breaches and have since “demonstrated more serious intent” to improve the organisation’s cyber posture, though.

The improvements were observed across all different types of businesses that spoke to the DCMS as part of its research.

Every business that has a dependency on computer systems to transfer or store data is exposed to cyber risks, in today’s world this is much of every business.

A comprehensive cyber insurance protects your business from the effects of social engineering, ransomware attacks, cyber extortion, data breaches, fines & penalties, business interruption, first party & third-party liability.

ActSmart have worked with insurance specialists Butterworth Spengler for over 30 years to provide the ideal insurance solution. Cyber insurance provides comprehensive cover for data restoration, reinstatement or even re-creation if it is lost or corrupted.

To get a FREE cyber insurance quote use the form below or phone Butterworth Spengler on 0151 494 4400.

Read more on the Cyber Insurance service page.

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