Comment: two in three businesses in the UK have fallen victim to fraud over the last two years
Two in three businesses in the UK have fallen victim to fraud over the last two years. In response to this, Matt Aldridge, Principal Solutions Consultant at OpenText Security Solutions on how businesses can look to protect themselves against future attacks.
“Two in every three organisations falling victim to some form of fraud or economic crime in the last two years is a scary statistic. As cybercrime is now the fastest growing form of criminal activity in the age of digital transformation, causing major damage to businesses, this statistic should act as a stark warning of how vital it is for companies to invest in robust cybersecurity protection, to avoid these attacks happening in the future.
To prevent future attacks, organisations must step up and implement robust security systems, processes and staff training to ensure cyber resilience. One layer of defence is not enough to sufficiently reduce your organisation’s exposure to risk. It is crucial to build multiple layers of protection, detection and response into your infrastructure. Having these tight processes in place will help protect the business, its data services and systems whilst helping to uncover weaknesses before criminals exploit them.
When it comes to data protection, simply performing backups and being able to restore them is not enough for true cyber resilience. Instead, organisations must ensure they are considering how quickly backups can be restored and that they are sure they have high availability and disaster recovery in place for critical platforms and datasets. Bear in mind that key platforms may not be available after an attack, as they may not be easily cleansed, and in some cases law enforcement may need to keep servers or other devices for forensic analysis and evidence purposes – so it’s always best to be prepared for such a scenario.”