Maintaining a high level of cyber security is something that should be top of the agenda when it comes to most business plans for the year. However, there is not a huge amount of knowledge about how the best way to do this is. The 2015 Information Security Breaches Survey found that 90% of large companies and 74% of small businesses had reported some form of security breach, costing each an average of £1.46m to £3.14m to a large and £75k to £311k to a small business.
Just looking at the statistics of huge losses that your business could fall afoul to should be enough to force people into doing something about their cyber security – it affects companies small and large and can have a devastating effect.
The Humber Business Resilience Forum brings together massive players within the industry – you only have to look at our sponsored partners to see how significant the launch of the forum will be on the business industry as well as us having the backing and full support from the Humberside Police.
Below we have included a quote from Rory Clarke who is the director of one of our sponsors J R Rix and Sons. Maintaining a high level of cyber security prevented his business from losing £750,000 in January of this year. This is a massive number and when huge companies such as Rix are having to deal with these attacks can your business really afford not to consider the risks?
Dealing with cyber attacks
Mr Clarke said: “Rix is of the size and profile where we get targeted in a number of ways.
“Like most businesses, we are targeted via spam emails, spear phishing, fake invoices and the like. We get them all on a regular basis but, due to us having good processes in place, we have remained safe and not lost any money.
“Sometimes we see more sophisticated, cyber enabled fraud – such as this most recent incident – whereby fraudsters spend time researching the business in order to pose as people from within the organisation to have phones diverted and payments authorised through our banking partners.
“Fortunately, our security measures and processes that we have in place – as well as the good relationships we have built up with our bank and communications provider – meant that we picked up on it, but others have not and have lost significant amounts money.
“This is why we are supporting the HBRF. The whole purpose of the forum is to allow businesses to get access to expert knowledge of the latest scams and how they can protect themselves from them, as well as sharing knowledge with their peers in other local organisations.”
Humber Business Resilience Forum
Come along to our launch event which is on June 8th to find out up to date knowledge and expertise on cyber security issues and how to protect your business via our open business seminars.
The forum brings together expertise from academia, the police and the private sector. It will provide up to date knowledge and expertise on cyber security issues. Membership will be open to organisations of all sizes and sectors across the whole Humber region. To find out more about the HBRF, please come along to our launch event – registration here and look out for more information via Twitter on @HumberBRF.
This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, Humber Business Resilience Forum , its directors, members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.