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Are you paying enough attention to cyber security?

Poor cyber security may harm your company’s reputation, lose you customers and result in huge fines.

The sheer volume of cyber attacks is dramatically increasing. According to recent figures, 46pc of companies suffered a cyber attack or breach on their computer systems last year.

In 2015, this figure was just 24pc, according to official figures from the Department for Culture, Media and Sport.

It’s apparent from these numbers that every company has to take cyber security extremely seriously and do everything it can to prevent attacks and the loss of data.

In particular, when the General Data Protection Regulation (GDPR) becomes law in May 2018, there’s a strong financial reason to ensure protection is up-to-scratch: any company that suffers a data breach can be fined up to €20m (£17.7m) or 4pc of worldwide turnover, whichever is greatest.

Even without such financial penalties, companies that suffer significant data losses can suffer in the eyes of their customers, causing a loss of business. But every business can take simple steps to protect its day-to-date business processes, reducing the threat of attack and preserving company data.

Educate employees

In many cases, your employees can be the weakest link. According to Ponemon Institute’s Data Breach Resolution survey, 55pc of businesses suffered a data breach or security incident in 2016 due to malicious or negligent employees.

It’s clear that employees should be properly versed on cyber security, including simple points such as not divulging passwords or login details.

General awareness of email phishing threats and safe internet usage should be drilled into every employee; and all employees should be made aware of the importance of reporting all potential breaches or lapses in security.

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