88% of UK businesses have suffered a cyber attack in the last yearhttps://securityitsummit.co.uk/wp-content/uploads/2019/02/UK-Business-Cyber-Attack.jpg 960 640 Stuart O'Brien Stuart O'Brien https://secure.gravatar.com/avatar/81af0597d5c9bfe2231f1397b411745a?s=96&d=mm&r=g
The UK’s cyber threat environment is intensifying, with attacks growing in volume along with an increased amount of security breaches.
New research, commissioned by leading next-generation endpoint security company Carbon Black and released in its second UK Threat Report, found that:
- 88% of UK organisations reported suffering a breach in the last 12 months
- The average number of breaches per organisation over the past year was 3.67
- 87% of organisations have seen an increase in attack volumes
- 89% of organisations say attacks have become more sophisticated
- 93% of organisations plan to increase spending on cyber defence
The research also found that compared with the previous report, published in September, the average number of breaches has increased from 3.48 to 3.67. More than 5% of organisations have seen an increase in attack volumes.
100% of Government and Local Authority organisations surveyed reported being breached in the past 12 months, suffering 4.65 breaches, on average. 40% have been breached more than five times. In the private sector, the survey indicates that Financial Services are the most likely to report a breach, with 98% of the surveyed companies reporting breaches during the past 12 months.
Discussing the report, Rick McElroy, Head of Security Strategy for Carbon Black, said: “We believe our second UK threat report underlines that UK organisations are still under intense pressure from escalating cyberattacks.
“The report suggests that the average number of breaches has increased, but as threat hunting strategies start to mature, we hope to see fewer attacks making it to full breach status.”
The report also found that malware remains the most prolific attack type in the UK, with more than a quarter (27%) of organisations naming it the most commonly encountered. Ransomware holds second position (15%). However, the human factor plays a part in the attacks resulting in breaches. Phishing attacks appear to be at the root of one in five successful breaches. Combined, weaknesses in processes and outdated security technology were reported factors in a quarter of breaches, indicating that failures in basic security hygiene continue to be high risk vectors that organisations should address as a priority.
Organisations across all sectors reported increases in the volume of attacks during the past 12 months. However, of the organisations surveyed, Government and Local Authority organisations saw particularly high increases, with 40% noting more than 50% increase in the number of attacks. Similarly, in Healthcare, 29% of respondents noted increases of 50% or more.
60% of UK organisations surveyed said they are actively threat hunting and more than a quarter (26%) have been doing so for a year or more. A very encouraging 95% reported that threat hunting has strengthened their defences. The survey results suggest that threat hunting is most mature in the financial services sector, with 53% threat hunting for more than a year.
“We believe threat hunting is an integral part of a mature security posture,” McElroy said. “It’s encouraging to see this numbers continuing to climb.”
A copy of the report can be downloaded here: