Risks of Cyber

13th March 2019 6 min read

The latest figures from the Office for National Statistics (ONS) show that you are more likely to be victim of fraud or cyber crime than any other crime. Last year there were 10.5 million cases of crime, with 4.47 million of those relating to fraud and cyber crime.

Miles Smith on Cyber

At Miles Smith, we work with our clients to manage their cyber risk; we regularly review the advice from organisations like the National Cyber Security Centre and incorporate their recommendations in our approach. Here we give our top 10 tips to help manage the risk that cyber crime presents:

If you’d like to find out more about our cyber proposition and how we can help you reduce your cyber crime risk contact your account executive or call the Miles Smith team on 020 7977 4800.

A construction contractor with a £2 million turnover was recently a victim of a cyber attack.  Several of its employees clicked on a seemingly innocent link contained in an email that appeared to have been sent from an authentic source.  Their system was immediately infected with Crypto Locked Malware which prevented users accessing their data. Although the network was down for less than a day, the cost to the business was £50,000. That’s 2.5% of annual turnover gone in the blink of an eye.

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