Protecting your business from cyber attacks | Royal Bank of Scotland



 

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Cyber attacks - the consequences

For small businesses, it’s not a matter of if, but when, they will be the victim of a cyber-attack. And it’s more than just viruses they must worry about.

According to the Small Business Reputation and the Cyber Risk report, published by the government’s Cyber Streetwise campaign and KPMG:

  • 89% of businesses that have suffered a data breach believe the incident has impacted on their reputation
  • 23% cited cyber security as a ‘top concern’
  • Of those companies suffering a breach, 31% said the attack caused damage to their brand
  • 30% said it directly resulted in a loss of clients
  • Over a quarter (26%) found the breach resulted in customer delays
  • A massive 93% said the attack affected the business’s ability to function
How technology can protect your business

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Add your signposting title here… Prepare for the worst

Identity fraud now accounts for 46% of all fraud attempts in the UK, according to Experian Hunter data, and organisations are having to invest in ever more complex identity verification and fraud detection technology in order to protect themselves and their customers.

“Being prepared for the worst means ensuring your organisation has the pre-emptive measures in place to mitigate the risk of a data breach occurring,” says Jim Steven, head of data-breach response at Experian. “Taking a proactive approach to protecting your customers’ data can build trust and will ensure you’re safeguarding your organisation’s two most important assets: your customers, and your reputation.”

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Add your signposting title here… Getting in deep

Businesses can’t take a superficial approach to cyber security, criminals will look for any way into your organisation. Andrew Avanessian, vice-president of technology firm Avecto, says that defence is by far the best way to secure a system.

“Layering different types of security on top of each other, such as privilege management, application control and whitelisting, it provides the best chance of creating a robust environment,” he says.

“Adopting proactive security solutions doesn’t have to be a big job. There are ready-made solutions available designed to give businesses peace of mind while increasing user freedom and, therefore, efficiency and profitability.”

While technology provides some protection, it won’t ever be 100% secure in all cases. Full security requires that employees be aware of risks as well as suppliers. A framework that encompasses technology, best practices and knowledge will help in strengthening your business's cyber-security measures.

What next?

Read more information on keeping your business safe in our security centre

Our Security Centre

Our Business Growth Enablers run events focussing on cyber crime and more

Register for an event
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