Cyber Security Breaches Survey 2020 – Summary

The extent of cyber security threats has not diminished. In fact, this survey, the fifth in the series, shows that cyber attacks have evolved and become more frequent.

Almost half of businesses (46%) and a quarter of charities (26%) report having cyber security breaches or attacks in the last 12 months. Like previous years, this is higher among medium businesses (68%), large businesses (75%) and high-income charities (57%).

The business findings are in line with those in 2017 (when the question was first asked). The charity findings show a rising incidence, from 19 per cent in 2018 (when charities were first surveyed) and 22 per cent in 2019, to 26 per cent in 2020. This may mean that more charities are being targeted but could also mean that they are better at identifying breaches than before.

Among this 46 per cent of businesses that identify breaches or attacks, more are experiencing these issues at least once a week in 2020 (32%, vs. 22% in 2017). There is a similar pattern over time for charities, although the changes across years are not statistically significant. In 2020, a fifth of these charities (22%) say they experience breaches at least once a week.

The nature of cyber attacks has also changed since 2017. Over this period, there has been, among those identifying any breaches or attacks, a rise in businesses experiencing phishing attacks (from 72% to 86%), and a fall in viruses or other malware (from 33% to 16%).

Organisations have become more resilient to breaches and attacks over time. They are less likely to report negative outcomes or impacts from breaches, and more likely to make a faster recovery. However, breaches that do result in negative outcomes still incur substantial costs.

Among the 46 per cent of businesses that identify breaches or attacks, one in five (19%) have experienced a material outcome, losing money or data. Two in five (39%) were negatively impacted, for example requiring new measures, having staff time diverted or causing wider business disruption. Similarly, among the 26 per cent of charities reporting breaches or attacks, a quarter (25%) had material outcomes and over half (56%) were negatively impacted.

Since 2017, the proportion of these businesses listing any outcome has fallen by 19 percentage points and the proportion being negatively impacted has fallen by 18 percentage points. For charities, there is also a downward trend for each of these measures since 2018 although the changes are not statistically significant. It is also more common for businesses to immediately recover from breaches or attacks in 2020 than in 2017 (72% vs. 57%).

Where businesses have faced breaches with material outcomes, the average (mean) cost of all the cyber security breaches these businesses have experienced in the past 12 months is estimated to be £3,230. For medium and large firms, this average cost is higher, at £5,220

Full survey here …

 

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