Tag Archives: cyber breach
10 UK Cybercrime Statistics
10 UK Cybercrime statistics Did you know as of October 2022, 39% of UK businesses have experienced a cyber attack, the same as in 2021. However, the figure has dropped since 2020 (46%). “Cyber crime is the greatest threat to every company in the world.” - According to 31% of these businesses, they were attacked…
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Don’t take the bait: how to safeguard your business from phishing attacks
Don't take the bait: how to safeguard your business from phishing attacks What is phishing? Phishing is more than just a misspelt variation of a popular countryside activity. It’s also a key risk to businesses – one that we all need to be aware of. Simply put, phishing is any attempt to trick a victim…
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Cybersecurity Best Practices for an e-Commerce Website
Cybersecurity Best Practices for an e-Commerce Website Recent decades have seen tremendous growth in online activities, including online shopping, thanks to the evolution of technology and e-commerce platforms. This growth was only accelerated by COVID-19 – the pandemic led many businesses, in an effort to stay connected with customers, to shift from traditional in-person communication…
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The changing regulatory landscape in the UK and emerging risks
The changing regulatory landscape in the UK and emerging risks Historically, D&O risks were weighted towards securities litigation in North America, with many other territories experiencing a benign claim environment. This has changed in recent years. According to Chubb’s own data, the average large loss cost for D&O policies in the UK has tripled and…
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Cyber Threats to the transport industry
Cyber threats and how they are being seen by the transport industry In the UK, according to the Government’s most recent Cyber Security Breaches Survey (June 2020) the extent of cyber security threats has widened and become more frequent with almost half of businesses reporting cyber security breaches or attacks in the previous 12 months…
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The growing threat of a cyber attack
As we become increasingly reliant on technology, the potential impact of cyber-related incidents continues to grow. Yet the cyber insurance market is relatively new in comparison to other lines of cover. So, what do we mean when we talk about cyber risk & what do you need to do to protect your business against this…
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Marriott faces £100m fine over cyber-attack on its data
The massive hacking of Marriott International reservation databases could lead to a £99m fine as the UK cracked down on privacy breaches with its second major penalty notice in two days. The cyber-attack, which Marriott disclosed in 2018, exposed information on 339-million guest records, including seven million related to British residents, the UK Information Commissioner’s…
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According to IT services cyber-attacks are on the rise
With hundreds of thousands of Cyber-attacks per year, it is little wonder that some challenges are successful. We all know that Cybercrime is on the rise, but the reality is that we are only aware of the successful attacks on our practices, or the obvious attempts of attacks such as phishing or ransomware. According to…
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