Security has long been one of the most pressing issues for any business. This is especially true as information becomes an increasingly valuable asset.
Recent high-profile hacking incidents and concerning statistics have brought the issue of business security to the forefront of public attention.
According to HM Government’s Cyber Security Breaches Survey 2016, 65% of large firms detected a cyber security breach or attack in the last year. Alarmingly, 25% experienced a breach at least once a month. The financial implications are significant, with the average cost of a breach to large businesses being £36,500, while some breaches cost up to £3 million.
Smaller firms have become an attractive target precisely because they are often easy to breach and are frequently well-connected to larger corporations. With most organisations now online, both large and small businesses have IT systems that may not be sufficiently up-to-date to fend off the latest threats.
While business security lapses have never been minor concerns, they arguably pose a more serious threat than ever in 2016. There have seemingly never been more ways for sensitive and valuable data to fall into the wrong hands.
Moreover, the need for increased awareness and proactive measures cannot be overstated. Businesses must continually educate themselves and their staff on the latest security threats and ensure they are adequately protected.
Furthermore, collaboration with security experts and firms provides invaluable insight into the most effective security practices and technologies available, ensuring businesses stay one step ahead of potential threats.
Compliance with these regulations is not just a legal obligation but a critical component of a sound security strategy.
It is evident that business security in 2016 is more critical than ever. The increasing value of information and the sophistication of cyber threats necessitate vigilant and proactive security measures. Businesses, regardless of size, must recognise the importance of safeguarding their digital assets to ensure long-term success and stability.
Business security in 2016 has become an indispensable part of organisational strategy.
Both large and small businesses must remain vigilant and proactive in safeguarding their information assets. The ever-evolving nature of cyber threats makes it imperative for businesses to stay ahead in the security game.
