Facebook - Shropshire Business Twitter - Shropshire Business LinkedIn - Shropshire Business
https://www.barclayscorporate.com https://www.iscoydpark.com

Home working creates even greater cyber risks

One in three UK businesses is likely to experience a cyber security breach in the next 12 months – that’s the message from insurance experts at a Shropshire firm.

Dave Williams, from Henshalls Insurance Brokers in Newport and Shrewsbury, said despite that stark warning, only one in ten businesses has any kind of cyber security policy in place.

“In these challenging times dealing with the ongoing Coronavirus pandemic, and with so many people working remotely from home, your business is even more at risk, because employees may well be using IT systems that are nowhere near as secure as your corporate system at the office.”

Mr Williams said the startling statistics also revealed that the average cost of a cyber breach ranged from £4,200 to £22,700, and the average recovery time to untangle the mess was between three and five days. He said studies showed too that charities are the least protected organisations, yet they are the most likely to fall victim to fraudulent emails directing them to fraudulent websites.

“There are three main types of disruptive cyber breaches – fraudulent emails and websites; impersonating your organisation in an email or online; and an attack from viruses, spyware or malware.

“The statistics are all based on figures surveyed with people working in an office environment, where there ought to be rigorous and effective IT security measures in place – so you can only imagine the even bigger dangers created by employees working from home.”

Mr Williams said cyber breaches could lead to serious consequences including loss of access to files and networks, corrupted or damaged software systems, and online services slowing down or taken down altogether.

“No-one could have predicted the current circumstances we all find ourselves in and these really are unprecedented times – but on the other side of all this, having a strict cyber insurance policy in place could be the difference in your business surviving or not.

“In the meantime, it’s vital your employees are cyber aware and proceed with caution to avoid your business falling victim to scams and online fraudsters – it’s more important than ever that we can all stay connected with the outside world at the moment online, but the risks are real and can’t be ignored.”

Pictured: Dave Williams from Henshalls Insurance Brokers


Telecoms company warns of cyber risks

Experts urge people to keep personal and business information separate

2nd November 2018

Cyber crime warning for tech businesses

Firms reminded they are not immune to security risks

14th January 2021

Home working brings raft of new risks

Health and safety experts warn employers to act responsibly

29th September 2020

Cyber experts in date warning

Shortening the 2020 date has consequences

20th January 2020

Partnership offers online security advice

New joint approach will deliver cyber solutions

11th November 2019

Praise for security of cyber systems

Law firm is accredited for good practice

18th January 2019

Record revenues for IT firm

Profits almost double on previous financial year

1st July 2020

IT firm backs cyber security initiative

Government pilot scheme offers funding opportunities

20th August 2018

Carl joins Henshalls in Newport

New face has over 40 years of industry experience

20th September 2019

Duncan Ward

Chief executive, Network Telecom in Telford

24th June 2020

Cyber crime and modern slavery on the agenda

Partnership approach delivers advice for small businesses

5th November 2019

Webinar puts insurance in the spotlight

Experts will update businesses on current situation during pandemic

29th April 2020

Staff pull together to keep country moving

Morris Lubricants adapts to cope with challenging times

21st April 2020

Nomination brings in valuable cash

Shropshire insurance experts secure charity grant

3rd December 2019

Firms join forces to help secure deal

Acquisition is a success thanks to partnership working

10th April 2019