This was because cyber security was considered amongst a wider set of risks, meaning there was limited scope to go into detail. Figure 5.3: Percentage of organisations over time identifying any breaches or attacks. Among large businesses, this rises to 35% for Cyber Essentials and 17% for Cyber Essentials Plus. This is unsurprising, given that around half of these businesses and charities only recall experiencing phishing attacks and not any other kinds of cyber security breaches. They still, therefore, represent a significant threat for all organisations to consider, alongside more common threats like phishing emails. The proportion of finance and insurance businesses offering cyber security training to staff has risen from 39% to 53% since last year. The COVID-19 pandemic made this challenging, with many prioritising immediate continuity. In charities, a greater proportion make people related changes (27%), compared with technical changes (23%). Organisations able to embed culture successfully did so by communicating change well. It is primarily used to inform government policy on cyber security, making the UK cyber space a secure place to do business. [footnote 3], Bases: Total: 1,243 UK businesses; 424 charities. On September 11, 2022, the bad actors who previously published a list of file names from this security incident to the dark web, posted the actual contents of the same files to the same location on the dark web. As cybercrime continues evolving, we need as much intel as possible. Rose to 66.7 million in the first half of 2022 up 30% over the first half of 2021. Continuing a trend from 2021, 154 out of 367 data breach notices did not include the cause of the breach, making "unknown" the largest attack vector in Q1 2022. On the other hand, the risk of reputational damage was a key reason not to pay the ransom. entertainment, services and membership organisations. We have therefore seen changes in how they view and approach cyber security, as well as how they adapt and react to an evolving threat landscape. However, this year there are no significant sectoral differences as regards reviewing wider supply chains. Figure 5.5: How often organisations have reported breaches or attacks in the last 12 months. Food and hospitality firms are also more likely than others to use network-connected devices (59%, vs. 48% overall). The lack of change could indicate organisations have either been unable to return to standard practices pre-pandemic or have adapted to a less proactive way of approaching cyber security. Figure 4.7: Percentage of organisations that have had training or awareness raising sessions on cyber security in the last 12 months. A 44% decrease from Q4, 2021. . public, internal use, confidential etc). However, it must be noted that there was a high level of uncertainty, with one in five businesses (19%) and one quarter of charities (27%) stating they did not know. As was the case in 2021 and as Figure 4.5 shows, across all size bands, cyber security insurance is more likely to be through a broader policy, rather than one that is cyber specific. The Works. Among financial and insurance firms the figure is over seven in ten (72%). GUI (Graphical User, Communication network concept. However, they are higher for medium and large businesses. This suggests that cyber security is often perceived or treated as just one area of risk management. In smaller organisations, there are many competing priorities which make regular information seeking difficult. 6 Aug. Cyber attackers target housing association. For example, most large businesses have an IT director or equivalent (34%) or an IT manager/ technician / administrator (19%), looking after their cyber security. The business findings show similar results to 2021 in reported BYOD this year (45%, vs. 47% in 2021). This is because there was a low level of knowledge of the technical details of cyber risks and how to manage them at senior management and board level. In particular, the changes to the cost data mean we can no longer make direct comparisons to previous years, but can still comment on whether the pattern of results is similar to previous years. Among charities, the latest result represents a significant drop since 2021 and is close to the level recorded in 2018. In turn, this allowed them to have a cyber security sponsor on the board who could champion more complex controls, such as threat intelligence or penetration testing. Some organisations chose not to purchase threat intelligence due to the cost, and used internal resources instead. Sept 9, 2022. Since its introduction in early 2018, the number of new variants uncovered by RTDMI has risen by 2,079%. These outcomes are all more prevalent among large businesses. Among efforts to improve cyber-resilience for UK organizations is the popular Early Warning service, which has provided subscribed users with 34 million alerts about . Just over half of businesses (54%) have acted in the past 12 months to identify cyber security risks, including a range of actions, where security monitoring tools (35%) were the most common. The results for educational institutions have been included in a separate Education Annex. AMATAS's October report will also look at: Cyber security chief fired as he was believed to have had "ties" with Russia. Just over half (55%) in the health, social care and social work sector have formal policies, and a similar proportion (51%) in the professional, scientific, and technical sector have drawn up continuity plans that cover cyber security. Figure 5.8: How long it took organisations to restore operations back to normal after their most disruptive breach or attack was identified. While we have and may occasionally provide data specific for ITL 1 regions, we do not believe there to be substantial correlation for this cross-break. These findings are largely consistent with previous years, though reports are now made more frequently to the Action Fraud website/helpline than directly to police forces. This strengthens the view expressed last year that the 2020 result could be an outlier. A small number of questionnaire changes to stay in line with DCMS policy objectives (e.g., new questions related to ransomware and managing supplier risks). finance and insurance (85%, vs. 61% businesses overall), health, social work, and social care (81%). Professional, scientific, and technical firms (55%). However, we have still been able to highlight income band differences, with the greatest focus being on the subgroups of high-income charities (with 500,000 or more in annual income) and charities with very high incomes (of 5 million or more). These figures are virtually unchanged since 2021 (43% and 29% respectively). This is true of half the micro/small firms (50%) that have a formal cyber security strategy in place, rising to around two-thirds of medium (65%) and large businesses (68%). Figure 6.3: Percentage of organisations that have done any of the following since their most disruptive breach or attack of the last 12 months, Bases: 541 businesses that recalled their most disruptive breach or attack in the last 12 months; 176 charities. Many of those interviewed described constant information seeking on cyber threats as part of their job role. They prioritised the price of procuring the MSP as well as the overall quality of service they would offer. Reflecting a generally more sophisticated approach to cyber security overall, businesses in the finance and insurance (34%), and information and communications (28%) sectors are more likely than average (13%) to monitor the risks posed by their immediate suppliers. Two Luxembourg based companies, Creos and Enovos, attacked by BlackCat ransomware attack; lose 150 GB of sensitive data. The qualitative findings echoed this, with a reluctance from organisations to do any more than they had to do. The study explores the policies, processes, and approaches to cyber security for businesses, charities, and educational institutions. Generally, the larger the business the more specific the job title or function of the person covering cyber security matters. Where this has been applied we have made a note in the base text of the relevant figure., These aggregated results (for organisations updating managers at least annually or quarterly) across this section exclude the five per cent of businesses and charities that say they update senior managers each time there is a breach (although these are still included in the base)., The charities mentioning their countrys charity regulator are also included in the 10 per cent mentioning a government or public sector information source., This is the percentage of businesses and charities that say they have all the following rules or controls: having network firewalls, security controls on company-owned devices, restricting IT admin and access rights to specific users, up-to-date malware protection, and a policy to apply software updates within 14 days., The Ten Steps to Cyber Security government guidance was rewritten this year. Using a personal device, such as a personal non-work laptop, to carry out work-related activities is known as bringing your own device (BYOD). In the first half of 2022, IoT malware volume rose 77% to 57 million the highest since SonicWall began tracking these attacks and just short of the 60.1 million hits recorded in all of 2021. The first two of these sectors were also above average in the 2021 survey. Synopsis. Cybersecurity training: the Forum and its partners are reducing the global cybersecurity workforce gap through training and upskilling. In a separate question, we also asked organisations if they recognise adhering to either the Cyber Essentials or Cyber Essentials Plus standards. Any payments to external IT consultants or contractors to investigate or fix the problem; and. Some hackers are getting creative with drones. This Statistical Release focuses on the business and charity outcomes. The fact that a classic social engineering attack was able to compromise the infrastructure of a Fortune 500 company was yet another bugle call for the cybersecurity community to evaluate where it stands in terms of breach readiness and the awareness and training of its staff. When viewed in this way, a greater proportion of businesses have made technical changes (33%) compared to people-related changes (24%). More have heard of Cyber Aware than the other schemes, but still only a minority of businesses and charities are aware of each one. World Economic Forum reports may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use. Firstly, guidance and communications could pivot from focusing on the technicalities of implementing cyber controls to how to mitigate against the existential risk cyber security poses to an organisation.
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