The shockingly high cost of protecting against cyberattacks has been revealed today (11 January), with the energy industry forking out approximately £265 million annually to combat the growing threat of data breaches and system outages. Research from AVORD – a new security testing platform that launches today – reveals that 94% of the energy industry…
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The hotel chain was hit by a significant cyber hack, affecting 500,000 customers, who had sensitive data stolen, including names, addresses, dates of birth and passport numbers. From IT security, due diligence to cyber insurance, risk managers draw out lessons for the future. In the Eagle’s hit record Hotel California, they sing about a glamorous…
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The UK energy industry spends around £265m a year to protect itself against data breaches and system outages. Yet 94 per cent of the sector has seen an increase in the number of breaches over the last five years, with 30 per cent having battled an online security breach in the past 12 months, These…
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In 2018, retail ranked the most at risk of cyberattacks out of 18 other industries, according to SecurityScorecard. Cybercrime will remain a major challenge for retailers this year. The reason is simple: across the sector more consumer data is stored than ever before. But with vast quantities of information being collected across digital platforms, cybercriminals…
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UK businesses are spending huge sums of money every year protecting their critical assets against opportunistic cyber criminals. And according to our recent research, a spate of high-profile data breaches has seen that number pass the £6.5bn mark. It’s a frightening statistic considering challenges businesses, particularly SMEs, face over the coming months, and it is…
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Research from AVORD has revealed that 95 per cent of businesses in the financial sector have seen an increase in the number of data breaches over the last five years. And as a result of the growing threat to mobile devices, more than half (52 per cent) are now investing more in identifying and protecting…
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Brian Harrison, founder and chief executive of AVORD, said the findings “put the spotlight firmly on the security testing market, which is dominated by consultancies who provide services to businesses, sometimes at twice the daily rate of an independent tester – often referred to as ethical hackers. With 74 per cent of UK businesses claiming…
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The shockingly-high cost of protecting against cyber attacks has been revealed, with the healthcare sector forking out more than £1.32billion a year to combat the growing threat of data breaches and system outages. Healthcare organisations are struggling to cope with the ever-increasing threats impacting on their attempts to secure systems at current costs. Unless something…
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The shockingly high cost of protecting against cyber attacks has been revealed, with the financial sector forking out more than £1.34bn annually to combat the growing threat of data breaches and system outages. Research from AVORD – a revolutionary new security testing platform that launches today – reveals 95% of businesses in the financial sector…
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AVORD launches platform to reduce the multi billion-pound annual cyber security testing cost that most UK firms say is too high. Businesses across the UK have criticised the security testing industry for being too expensive, costing industry more than £6.6bn a year, according to a report. The report is based on a market snapshot survey…
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New research has found that only five per cent of UK businesses spend £750,000- £999,999 on security testing. The Cost of Security Testing, a report recently commissioned by security testing platform Avord, also found that only 1 per cent of companies spend over £1m annually on security testing. It said that businesses across the UK…
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An alarming cyber security skills shortage has been exposed with just one in five companies revealed to have sufficient in-house capability to protect critical assets from attack, a study has found. 96% of those hit by a data breach in the last year report that inadequate security testing was at least somewhat responsible for the…
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