16 C
Lancashire
Friday, July 19, 2024

How common are data breaches in the UK?

 

A data breach is when confidential information is accessed, copied or stolen by an unauthorized individual. And they’re a widespread problem for UK businesses. 88 per cent of UK businesses had some form of data breach in the 12 months leading up to May 2020. High income charities have been targeted in particular. Below, we explore how common data breaches are in UK and the nature of these breaches.

Company size

Data breaches have cost UK businesses plenty of money since GDPR laws were introduced. The average cost of data breaches across the last 12 months for all businesses in the UK was just over £2500, but it does vary by company size. The larger the company the more the average cost of data breaches grew.

Has security been prioritised?

During the pandemic, it looks as though the risk of a data breach is higher than ever. With many companies just trying to survive, it’s been harder to invest money and time into data protection. This has been exacerbated by operations changing for many businesses. With lockdown and a widespread acceptance of working from home, there needed to be a cyber security push to protect workers and consumers from breaches, but it seems as though this hasn’t been prioritised.

What steps could companies take?

For those companies that are serious about tackling their data breaches, there are a number of steps that can be taken to ease the situation. Investing a virtual private network (VPN) system is crucial for companies with employees working from home as it creates an encrypted internet connection from a device to the company’s network. Staff can also be given mock phishing tests so that they can identify and avoid attempts to steal data. A cyber security vulnerability audit can also help a company calculate where they need to improve.

The most significant data breaches

Data breaches can affect any company, with the most significant breaches impacting millions of consumers. May 2020 saw EasyJet being affected by a cyber-attackthat left nine million customers vulnerable. And in 2012 a cyber security breach at LinkedIn left 117 million accounts compromised.

Data breaches are clearly a significant problem in the UK. As an individual or business, there are areas you can cover if a data protection breach has occurred, with the possibility of even going to a solicitor to seek any legal advice.

 

spot_imgspot_img

Latest

Bin it and bag it: Jollyes launches nationwide free poo bag giveaway

Retailer Jollyes will open its next brand new store...

Benidorm’s Steve Pemberton raffles £30,000 of personal memorabilia for charity

Benidorm star Steve Pemberton has donated priceless memorabilia from...

Colne gears up to host major British cycling event

Some of the top riders in the country will...

Investigation launched following fatal fire in Blackpool

A joint investigation has been launched following a fatal...
spot_img

Subscribe to our newsletter

Business Lancashire will use the information you provide on this form to be in touch with you and to provide updates and marketing.

Don't miss

HAD & CO recognised as ‘most influential female-led architectural practice’

Female-led architectural practice HAD & CO based in Burnley,...

How to Style Your Display Cabinets

When it comes to enhancing the aesthetics and functionality...

Bury author scoops Lancashire’s Book of the Year Award for third year running

A talented author from Bury has been handed a...

England vs Spain Free Bets: Get 50/1 on England to Win the Euros! – Euro 2024 BetVictor Sign-Up Offer

The country waits in anticipation as England prepares for...

More News

Jack Mason – AI Innovation and Regulation Are Hurting Microsoft

Microsoft's recent decision to leave the OpenAI board amidst increasing regulatory scrutiny marks a significant juncture in the tech industry. This move, first reported...

HOUSE OF KHAN: Legacy and History in England – Sir Pasha Isa Effendi Khan II, Founder of House of Khan Limited (1926)

Patriarch of House of Khan Legacy (1881-1948) Sir Pasha Isa Effendi Khan II stands as an enduring symbol of aristocratic refinement and entrepreneurial brilliance, etching...

Adaptability: The new competitive advantage for businesses

Following the pandemic the UK business landscape has become more dynamic than ever before. Traditional business models are undergoing challenges, and those adapting and embracing...