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Cyber-Attacks - More Common and Costly Than You Might Realise

Posted 6 November 2015 by Anthony Green

Following this morning’s news that last week’s hack of TalkTalk’s website could have led to nearly 157,000 customers’ personal details being stolen, it is becoming apparent that cyber-crime can affect even the largest of businesses. With the telecommunications giant taking more than a fortnight to identify the source of the breach, customers have now been warned that they need to be vigilant against scam phone calls and emails.

Since news of the cyber-attack emerged, TalkTalk shares have lost about a third of their value*. However, they are not alone in facing threats to their cyber-security; last week Marks & Spencer and British Gas also reported data breaches. Whilst Marks & Spencer state that the exposure of around 800 of their customers’ personal data was due to an internal error and not a third-party attack, the leak of 2200 British Gas customers’ email addresses and account passwords currently remains unexplained.

The Department of Business, Innovation & Skills’ 2015 Information Security Breaches Survey also raises some disturbing points. According to the survey, nearly 90% of large organisations and 74% of small business respondents have suffered some form of security breach**. It is therefore clear that no matter the size of your business, incidents of cyber-security breaches are certainly becoming more commonplace. With the same survey revealing that £1.46m - £3.14m is the average cost to a large organisation and £75k - £311k is the average cost to a small business of its worst security breach of the year alone, it is without a doubt that cyber-crime needs to be considered as a legitimate global threat. Indeed, 63% of those surveyed say that they currently invest in or plan to invest in actively monitoring cyber threats to their organisations. So what can be done to keep data safe?

Blue Chip work alongside leading security partners Symantec, Fortinet, Kaspersky and RSA to help our customers with content security management, authentication and the latest encryption technologies, regardless of business size or complexity:

Working Data Protection

  • Anti-virus, anti-spam, IPS, firewall, web filtering and application control solutions alongside consolidated Unified Threat Management (UTM) solutions for virtualised and physical infrastructures.
  • Hosted anti-spam filters, email anti-virus and web and email security delivered in the Cloud.
  • Data is stored and replicated across two sites with our Online Cloud Backup and Disaster Recovery (DR) solutions powered by EVault, giving you peace of mind that your information is safe from any IT failure.

Network Security

  • We lead with Cisco solutions to combat the challenges that borderless networks present. With an end-to-end solution for the local, wireless and wide area network, we offer modular solutions that can be built up and scaled up, as and when required.
  • We specialise in Two Factor Authentication products (2FA) to protect your most valuable applications, resources and information, wherever your employees are working and on whatever device they are using.

If you’re concerned about your data security, talk to our security experts and let them design a solution that is right for your business.


**Source: PWC Information Security Breaches Survey for the Department for Business, Innovation and Skills (BIS), 2015

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