2.5 million cyber hacks are just the tip of the iceberg

2.5 million cyber hacks are just the tip of the iceberg

Martijn Verbree, partner in KPMG’s cyber security practice, comments on new research that highlights that hackers have attacked more than 2.5 million businesses in the last year. He said:

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“The research suggests that around 2.5m businesses in the UK were hacked last year, however in reality this is likely to be just the tip of the iceberg. The real number of organisations being attacked is likely much higher as most businesses do not bother to report such incidents or at worst, they do not know that they have even been breached.

“We are also seeing that attacks are getting more and more personal and sophisticated. Often, attackers use information they can find on social media to make the emails really personal. For example, by referring to names of bosses or other colleagues, or even writing emails that affect the recipient emotionally (“you owe us £xxxx”) - trying to get them to click on links without thinking.  

“It’s unfortunate, but as a result we expect that the number of such successful attacks will increase in the coming year, especially amongst smaller and medium sized companies that do not have a lot of skills and expertise in cyber security.”

What should organisations do?

Martijn suggests that businesses should do the following things as a minimum to be cyber ready: 

  • Before clicking on any attachments: stop, think and stay safe. Is this a legitimate email from someone I know? If in doubt, don’t open the attachment. 
  • Make sure you have backups in case you do get hit by ransomware, and incident response process and possibly cyber insurance.
  • Sign up to government-backed cyber security certification schemes like cyber essentials to help you protect your digital assists.

 

ENDS

 

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Notes to Editors:

 

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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff.  The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and
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