Securing customer data and protecting businesses and private sector organisations from cybercrime.
Cyber security is an increasingly important cog in the commercial sector. From financial services and retail to SMEs and telecommunications, networks, platforms, and systems are at increased risk of ever more complex security threats.
Cyber security breaches are an increasing threat to UK businesses of all sizes and across all sectors. The increasing sophistication of attacks, the expansion of networks and interconnected supply chains, and ease-of-access to commercial-grade malware have increased the attack surface across all private sector organisations.
According to research by the Department for Science, Innovation & Technology, 32% of businesses and 24% of charities overall recall any breaches or attacks in the 12 months to early 2023. The average cost of a breach was nearly £5,000 for medium and large businesses.