Businesses with revenues exceeding million (£40.5m) are 2.5x more likely to face cyber incidents - that's according to a new Cyber Roundup Report published today by Cowbell, a leading provider of cyber insurance for small kết quả dữ liệu bongdaso medium-sized enterprises (SMEs) kết quả dữ liệu bongdaso middle-market businesses.
Drawing on a vast three-year data set from over 46 million SMEs across the US, UK, kết quả dữ liệu bongdaso Japan, Cowbell's new report stands apart from others globally.
As well as spotlighting the frequency of attacks among larger organizations, the report also sheds light on the heightened vulnerability of smaller SMEs due to limited cybersecurity resources, kết quả dữ liệu bongdaso the escalating threat of supply chain attacks kết quả dữ liệu bongdaso industry-specific cyber exposure.
Discussing the report findings, Cowbell founder kết quả dữ liệu bongdaso CEO Jack Kudale said: "The digital age has opened up some incredible avenues for business growth. But in the same breath, it's also brought a complex set of cyber risks. Across the board, we're seeing cybercriminals capitalize on interconnectivity, automation, kết quả dữ liệu bongdaso emerging tools like AI to launch increasingly sophisticated attacks."
Key findings include:
• Supply chain attacks have surged by 431% since 2021, indicating a growing vulnerability in interconnected business ecosystems.
• The manufacturing sector emerges as the most at-risk, with cyber risk scores 11.7% below the global average - a finding driven by the sector's reliance on automation kết quả dữ liệu bongdaso the sensitivity of its intellectual property.
• Public administration kết quả dữ liệu bongdaso educational services also face elevated risks, particularly from ransomware attacks, with a 70% increase in attacks on educational institutions over the past year.
• Five risky technology categories were identified, kết quả dữ liệu bongdaso include operating systems, content management tools, virtualization technologies, server-side technologies, kết quả dữ liệu bongdaso business applications.
Kudale continues: "This report underscores one particularly critical reality: no business - large, small, or niche - is immune to cyber threats. Larger organizations are key targets because of their vast data kết quả dữ liệu bongdaso complex operations, while smaller businesses are at risk due to supply chain vulnerabilities kết quả dữ liệu bongdaso limited cybersecurity resources. The latter may face a lower frequency of attacks overall, however, the consequences of a single incident can be devastating, including significant financial losses, crippling downtime kết quả dữ liệu bongdaso business interruption, kết quả dữ liệu bongdaso, in some cases, closure. The stark 70% rise in attacks on educational institutions, many under-resourced, highlights how vulnerable underprepared sectors can be."
In addition to the report's key findings, Cowbell provides businesses with practical recommendations for cyber risk management, emphasizing the role of comprehensive third-party risk management, technology risk prioritization, kết quả dữ liệu bongdaso the importance of regular employee training kết quả dữ liệu bongdaso robust Incident Response Plans (IRPs).
"To stay resilient, leaders across businesses of all sizes kết quả dữ liệu bongdaso sectors need to prioritize cybersecurity just as they would any other core aspect of their operations. At Cowbell, we're committed to equipping SMEs kết quả dữ liệu bongdaso mid-market businesses with the insights kết quả dữ liệu bongdaso resources they need to protect themselves in this evolving threat landscape," Kudale adds.
Source: https://www.prnewswire.com/news-releases/soaring-cyber-risks-large-enterprises-supply-chains-kết quả dữ liệu bongdaso-key-industries-in-the-crosshairs-302313111.html
To view details about the report, please visit at: https://cowbell.insure/wp-content/uploads/pdfs/CB-US-Q4-CyberRoundupReport24.pdf
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