In 2024, 32% of UK businesses reported experiencing a cyber-attack at least once a week, with cyber-attacks projected to increase by 15% globally. So does the financial services industry need more focus on making sure they are safe from some cyber attacks in 2025?
Recent data reveals that a 50% of businesses encountered a cyber-attack or security breach in the past year. According to the 2024 UK Government Cybersecurity Breaches Survey, 50% of businesses experienced a cyber-attack or security breach in the past year.
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In light of recent cyber threats, experts from e-commerce hosting provider Hypernode emphasise the significance of cyber hygiene for UK businesses and share essential practices to ensure online safety.
What is cyber hygiene?
Cyber hygiene can be explained as a set of practices to maintain system health and security in relation to a business’s online activities. Like physical hygiene, maintaining cyber hygiene entails a set of regular preventative measures.
5 key practices for companies to improve cyber hygiene include having a secure antivirus and antimalware software, being cautious of phishing, backing up important data, using secure Wi-Fi, strong passwords and MFA and educating all employees. Providing cybersecurity training to all employees is crucial to ensuring the security of a business as a whole.
Milan Bosman, Commercial Director of Hypernode, said: “Warnings from experts, who have predicted the rise in cybercrime in the UK, have certainly been proven valid. Globally, cybercrime is expected to surge 15% throughout 2024, and 2023 government statistics already state that 32% of UK businesses experienced cyber-attacks at least once a week. With this, the importance of maintaining cyber hygiene continues to grow.
“With October having been cybersecurity awareness month, it’s certainly a good time for businesses whose regulations are not up to date to review them and to ensure all staff are adequately educated around threats to avoid breaches in security.”
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