Cyber online security: the facts

online security, factsThe growth and development of the internet has changed the world of the individual and the global economy. The internet allows individuals to communicate ideas to others across the world and also encourages further freedom of speech. Cyberspace has also changed the way governments are communicating with the country along with how news is distributed.

It is thought that by 2016 a total of three billion individuals will be using the internet however; the worrying thing is that the internet was not built with security in mind.

Whilst the internet provides a wealth of opportunities, no one polices it or monitors it making it unrestrained and full of freedom. This lack of control and policing inevitably leads to a number of growing threats and vulnerability to cyber attacks. In 2011 the UK alone suffered 44 million cyber attacks and this makes online security more important than ever.

Online security for businesses

Online security is not only important for the individual sat at home, it is also vital to businesses around the UK in order for them to prosper economically. Whilst the number of business security breaches has slightly decreased in the past year, the cost of the breaches has risen.

10% of businesses were so badly damaged that they actually had to change the nature of their business. In fact, careers for network engineers with a focus on security has increased in recent years.  

Both large and small businesses alike are vulnerable to security breaches with almost three fifths of businesses expecting to see more security problems in the coming year. It is therefore important that you protect your business or home with online security measures. Don’t think it’s important?

Here are some facts for you:

  • 81% of large businesses have had a security breach.
  • 60% of small businesses have had a security breach.
  • 16 is the average amount of security breaches a large business had suffered in the last year.
  • £600,000 is the average cost a security breach costs a large organisation.
  • £65,000 is the average cost a security breach costs a small organisation.

Malicious software

Whilst both large and small companies alike fall victims to security breaches, there is an increase in the malicious software being the cause of such attacks. Malware attacks are aiming predominantly at larger organisations:
73% of businesses have suffered from malicious software in the past year; this is an increase from 59% in 2012. Worryingly a further 24% of large organisations had found that outsiders had successfully entered into their network in the last year.
A large number of organisations both large and small are prioritising security and this is reflected in the increase in budgets assigned to information security.

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