The GDPR Wake-Up Call Is Being Ignored By Business

Every week there are reports of new cyber-attacks and currently over half of European businesses and organisations have had cyber-attacks in 2019.  A new report by business software experts Advanced has revealed that under a quarter of organisations still have not properly focused on their cyber security even though they continue to spend on IT and technology. 

This information comes at the same time as UK firms reporting a cyber-attack has jumped, despite most businesses admitting they are under-prepared for breaches, according to research from insurance firm Hiscox

The insurer found 55% had faced an attack in 2019, up from 40% last year. But almost three quarters of firms were ranked as "novices" in terms of cyber readiness. 

British firms had the lowest cyber security budgets, it said, spending less than $900,000 on average compared with $1.46m across the group.They were also joint-least likely with US firms to have a "defined role for cyber security" on their staff. In France the proportion was closer to one in ten. Gareth Wharton, head of Cyber at Hiscox, said the low UK spending could be driven by the large number of small businesses in Britain.

Advanced Report
Whilst Advanced, the UK’s third largest software and services company has recentky announced that it has secured an investment from Funds advised by BC Partners and will aim to become the largest software and services company in the UK it has now released an interesting independent survey which analyses the digital transformation of 530 UK small, medium and large businesses which was begun and completed in June 2019.

The 2019 Digital Business Report which reviews the UK’s technological achievements as one of the global digital leaders in the global economy.

The report reviews the barriers to implementing a successful digital strategy and looks at the expectations brought about by the Cloud and looks at who is driving the adoption of these and other new technologies. 

The Report makes the case for investing time, thought and investment in a focused digital strategy for all businesses.

What’s more, most businesses use more than one solution to run their core operations (like finance, sales and HR). 
Larger organisations are favouring multiple software solutions over a single, all in one, system due to the unique requirements of each department (63%), the increased flexibility this offers (53%) and the lower risk of failure (38%). 

The survey paints a slightly different picture for smaller organisations with almost half (47%) saying the different needs of their departments can be met by a single solution, paving the way for a single, fully-integrated ERP platform that supports the whole company from finance and sales right through to manufacturing and shipping.

Making the Cloud work
Moving to and integrating Cloud-based software is fast becoming the preferred choice for positive digital disruption. Thousands of British organisations of all shapes and sizes have dared to reimagine their business because they understand the benefits of the Cloud. In fact, 35% of survey respondents identify their organisation as an innovator, or early adopter of this technology.

Security and GDPR 
The General Data Protection Regulation (GDPR) should have been a wake-up call for organisations to better protect their customers’ personal data and get their data in order to improve visibility of their business across the board.

Why, then, do only 53% of businesses have a security strategy in place? 

Worse still, just 24% of our survey respondents say their organisation is prioritising security when it comes to technology investment. This urgently needs to change. Both cyber security and data protection should be seen as enablers for, rather than barriers to, digital transformation. 

Business Size
It’s expected that large organisations would be streets ahead of SMEs when it comes to digital transformation. But larger organisations are more complex and they have to manage legacy systems, handling large volumes of data and, in some cases, following old processes that are no longer fit-for-purpose or even compliant with the latest regulations such as GDPR. 
What’s more, there are larger, more complex departments with multiple leaders and influencers all wanting to have their say on technology. 

Strategic and tactical decisions are generally made far more quickly among SMEs as they don’t face the same barriers that large organisations typically do. It therefore makes smaller organisations often a bit quicker to take advantage of technologies with less disruption. The key element is to select solutions that provide future scalability.

OneAdvanced:       BBC:       Hiscox:

You Might Also Read:

GDPR Is Now 1-Year Old:

 

 

 

« Current Trends In Cyber Security To Pay Attention To
Cyber War In The Middle East Is Escalating »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

MIRACL

MIRACL

MIRACL provides the world’s only single step Multi-Factor Authentication (MFA) which can replace passwords on 100% of mobiles, desktops or even Smart TVs.

DigitalStakeout

DigitalStakeout

DigitalStakeout enables cyber security professionals to reduce cyber risk to their organization with proactive security solutions, providing immediate improvement in security posture and ROI.

Jooble

Jooble

Jooble is a job search aggregator operating in 71 countries worldwide. We simplify the job search process by displaying active job ads from major job boards and career sites across the internet.

Clayden Law

Clayden Law

Clayden Law are experts in information technology, data privacy and cybersecurity law.

Cyber Security Supplier Directory

Cyber Security Supplier Directory

Free Access: Cyber Security Supplier Directory listing 5,000+ specialist service providers.

Syxsense

Syxsense

Syxsense brings together endpoint management and security for greater efficiency and collaboration between IT management and security teams.

XYPRO Technology

XYPRO Technology

XYPRO is the market leader in HPE Non-Stop Security, Risk Management and Compliance.

CloudEndure

CloudEndure

CloudEndure offers Disaster Recovery and Continuous Replication for the Cloud.

baramundi software

baramundi software

baramundi software AG provides companies and organizations with efficient, secure, and cross-platform management of workstation environments.

CIRCL

CIRCL

CIRCL is the national Computer Incident Response Center of Luxembourg

ControlScan

ControlScan

ControlScan is a Managed Security Services Provider (MSSP) - our primary focus is protecting your business and securing your sensitive data.

SGG Global

SGG Global

SGG Global is a leading B2B events, summits and conferences host working across the cyber security, commerce and technology sectors.

BitDam

BitDam

BitDam is an innovative network-based cyber solution that protects organizations from targeted attacks hidden in malicious files and web content.

Honeywell Process Solutions (HPS)

Honeywell Process Solutions (HPS)

Honeywell's Industrial Cyber Security Solutions help plants and critical infrastructure sectors defend the availability, reliability and safety of their industrial control systems.

Asia Data Destruction (ADD)

Asia Data Destruction (ADD)

ADD is the leading IT Assets Disposal and Data Destruction Company in Thailand.

Pragma Strategy

Pragma Strategy

Pragma is a CREST approved global provider of cybersecurity solutions. We help organisations strengthen cyber resilience and safeguard valuable information assets with a pragmatic approach.

BlueHalo

BlueHalo

BlueHalo is purpose-built to provide industry capabilities in the domains of Space Superiority and Directed Energy, Missile Defense and C4ISR, and Cyber and Intelligence.

Intel

Intel

Intel products are engineered with built-in security technologies to help protect potential attack surfaces.