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Large British firms more likely to be victims of cyber attacks

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April 18, 2017

A new survey released today suggests that large British firms are more likely to be the victims of cyber attacks than smaller ones, according to a report by the British Chamber of Commerce.

About 42.1 percent of larger companies in Britain with more than 100 employees have been hit by data security breaches, hackers or malicious attacks.

That number compares to about 17.8 percent of firms with fewer than 90 employees who have suffered a security vulnerability.

More comprehensive studies, such as the Verizon Data Breach Investigations Report, have shown that attacks often go unnoticed for several weeks, and sometimes a few months.

So it's possible that larger businesses are more proficient at detecting security issues than their smaller counterparts, although it's hard to accurately pinpoint a fair percentage.

The poll of 1,200 businesses in Britain found that 63.1 percent of companies rely on IT providers much more than banks and financial institutions to resolve problems after an attack.

And less than 2 percent look to police and law enforcement for help after being hacked into, the survey reveals.

It's important to note that in May of next year, all businesses based in Britain that handle personal data will have to ensure that they are fully compliant with General Data Protection Regulation (GDPR) legislation.

Dr Adam Marshall, director general of the British Chamber of Commerce asserted-- "Companies are reporting an overall reliance on IT support providers to resolve cyber attacks."

"More guidance from government and law enforcement about where and how to report such cyberattacks would provide businesses in Britain with a clear path to follow in the event of an internet security breach, and increase clarity around the response options available to corporate victims, which would help minimise the occurrence of cybercrime in the U.K," he added.

Source: Github.

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