Lockton Cyber Security Report 2017

UK businesses severely unprepared for the seismic aftershocks of a cyber attack

Our new report reveals the extent to which UK businesses are unprepared for the potential length and severity of a cyber security breach.

  • Just 2% of UK businesses think a large-scale cyber security breach would affect business for more than 10 days, while half (50%) expect to be entirely operational in 48 hours 
  • Actual recovery time can take months or even years
  • Only half of businesses recognise loss of customers as a potential cyber breach cost
  • Firms put their reputation at risk as only 26% involve head of PR or communications in cyber security planning
  • More than a quarter (27%) of staff unaware who to contact if they spot or experience an attempted breach

‘Cyber Aftershock: How UK companies underestimate the seismic waves produced by a data breach’, reveals that fully half of UK companies (50%) expect to be entirely operational 48 hours after a large-scale cyber security breach. The survey of senior decision-makers shows that only 2% of UK businesses think a breach will affect them for more than 10 days.

Click here to read the full Lockton Cyber Security Report 2017

Similar articles

Artificial Intelligence

Machines are learning that regulators write the rules for AI

The effects of the use of artificial intelligence (AI) are controversial and the EU is introducing a regulatory framework that sets legal standards for the technology’s application. This will have wider implications beyond the EU’s borders.


How to use data safely to your business' advantage

Data is a hugely valuable resource for any business, particularly since the pandemic has accelerated the digitalisation of the economy and reduced personal interaction. Whilst the smart use of data can offer great growth opportunities for businesses it needs to happen in a controlled manner to avoid lawsuits, regulatory fines and reputational damage.

BA data breach: what we’ve learnt so far

BA data breach: what we’ve learnt so far

The likely cause of the airline’s breach could affect many other companies – with potentially severe consequences.

Global Risks

Embracing a changing risk landscape

The global risk landscape is changing fast driven by two main factors, one man-made and one natural.