News
Cyber attacks can cost UK businesses £1m - commentary
October 2016 by Jamie Gallagher, General Manager at RelianceACSN
Following this morning’s report that a cyber-attack would cost 1 in 10 UK businesses £1m, with the average cost approximately £330,000, Jamie Gallagher, General Manager at RelianceACSN, coments:
"Unfortunately, too many companies spend enormous amounts purchasing specialist
security tools that are fantastic at securing an organisation from that one
particular threat, but ultimately approaching security infrastructure in silos still
leaves them exposed. Many organisations are not able to identify their critical
data, which is what needs to be protected.
"Governments and businesses typically respond to breaches with quite short-term and
insular thinking, really only making their network more secure than the organisation
next door. This doesn’t solve the problem, because as long as it is cost effective
for hackers to continue operating, they will innovate and find the exposed parts of
an organisation’s network."
