Interviews

UK most cyber-breached in Europe

by Mark Rowe

The UK was Europe’s most breached country last year, according to the 2018 Thales Data Threat Report, European edition, by the cyber and defence product company. However, despite a 24 per cent increase in the number of attacks – figures rose from 43 per cent to 67 per cent year on year – British businesses claimed to feel less vulnerable to data threats, compared to those across Germany, Sweden and the Netherlands.

Last year saw high-profile cyber-attacks: ransomware cryptoworm, WannaCry and wider-reaching malware, Bad Rabbit, crippled systems including parts of the UK’s National Health Service (NHS). Large-scale names such as Equifax, Accenture and T-Mobile also became victims of cyber-crime. While more organisations across Sweden (78 per cent) and the Netherlands (74 per cent) admitted to being breached in the past – as opposed to 67 per cent in the UK – the last 12 months was a different story:

37 per cent of businesses across the UK were breached
33 per cent of German respondents were breached
30 per cent of organisations in Sweden were breached
27 per cent of respondents across the Netherlands were breached

Appearing unaffected by the rise in attacks, just 31 per cent of UK organisations said they feel ‘very’ or ‘extremely’ vulnerable to data threats, leaving the majority (69 per cent) feeling ‘somewhat’ or ‘not at all’ vulnerable Businesses across Sweden claimed to feel the most vulnerable (49 per cent), followed by the Netherlands (47 per cent) and Germany (36 per cent).

Despite near seven in ten respondents (69 percent) feeling just ‘somewhat’ or not at all vulnerable to cyber-attacks, the same ratio of UK organisations reported an overall increase in their IT security spending, with 15 per cent outlining it to be ‘much higher’ than last year. This rise was, however, still less than spend in both Sweden (in which three quarters of businesses have upped their budgets to offset threats) and Germany (76 per cent).

While 72 per cent of organisations overall have dedicated more money to IT security, British businesses appeared to still fall short compared with their European counterparts. Almost two in every five (39 per cent) Swedish respondents admitted their budget was ‘much higher’ than last year, while an additional 36 per cent claimed it to be ‘somewhat higher’. The Netherlands and France both followed suit, with 29 per cent and 24 per cent spending a lot more this year on security.

The months from announcement to bringing in the European General Data Protection Regulation (GDPR) gave organisations time to prepare themselves for compliance. However, the report results tell a different story, with high rates of failure for compliance audits, especially in the last year.

Businesses in Sweden ranked highest for failure, with almost half (49 per cent) missing the mark for compliance audits. Those across the Netherlands were next in line at 38 per cent, closely followed by Germany at 33 per cent. On the other hand, 19 per cent of UK organisations reported failing data security audits in the last year.

Aside from the UK, all other European countries showed decline in their efforts to meet compliance. Despite this, respondents across the board all cited compliance as being effective when it comes to preventing data breaches.

Peter Galvin, Chief Strategy Officer, Thales eSecurity says: “A tidal wave of data breaches is continuing to roll across Europe, with three in every four organisations now a victim of cyber-crime. As a result, people are feeling more vulnerable than ever before, worried about where the next threat will come from, and in what form. To stand the best chance of success against these advanced attacks, businesses need to dedicate the appropriate level of attention, budget and resource into safeguarding their sensitive data, wherever it happens to be created, shared or stored. The deployment of encryption is a well-recognized strategy to mitigate the risk of data breaches and cyber-attacks as well as protect an organisation’s brand, reputation and credibility.”

For the 2018, and previous years’ reports, visit the Thales website.

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