According to insurance brokers, local authorities across the UK face a large number of cyber incidents on a daily basis, with phishing and DDoS attacks being the most prevalent
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- Alex Scroxton, Safe Editing
- Alex Scroxton, Safe Editing
Published:
September 1, 2022 12:14
Local authorities across the UK are experiencing an average of 10,000 attempted or successful cyber-attacks per day, with the number of incidents up 14% year-on-year so far to over 2 million per year, according to New data released by insurance brokerage and risk management service provider Gallagher.
Gallagher lodged with every local authority in the country Freedom of Information (FoI) requests were made and information was received from 161 of the 333 county councils, district councils and single authorities in the range – suggesting the true number of incidents is very, very high. Data shows phishing attacks are believed by some The biggest threat to local authorities is the biggest threat to local authorities, with 75% of respondents saying this is the most common form of attack – of course, phishing is often a precursor to more high-impact events, such as ransomware attacks. Distributed denial-of-service (DDoS) attacks, which have the potential to wreak havoc on local public services by, for example, sabotaging websites, were the second most common type of attempt and were listed as the number one threat by 6% of respondents.
“Unfortunately, criminals are very aware of cyber attacks will weaken the system, and as Gallagher’s head of cyber risk management Johnty Mongan said many councils are increasingly meeting the needs of local people digitally, but they simply cannot afford downtime.
The company also revealed that although most incidents were intercepted and setbacks, but local authorities have collectively paid more than £10m over the past five years, including lost funds. Hacking, legal costs and regulatory fines.
Additionally, approximately 52% of respondents have hired outside experts in the past 12 months to help provide advice on mitigating cyber risk, 85% of respondents increased their own security spending on sed, even though only 23% invested in a cyber insurance policy.
Gallagher Government, Housing Tim Devine, managing director, education and public sector, added: “It’s important to have a plan, should the worst happen. With so many attacks happening every day, it only takes one mistake to cause serious problems.
“Risk in terms of costs and reputational damage associated with cyber threats Meaning, having professional cyber insurance should be a key consideration, but by no means the only consideration for those looking to mitigate cyber threats. The risk of being attacked.”
However, many buyers are finding it increasingly difficult to obtain cyber insurance as more and more The combination of higher premiums and stricter risk and compliance regime terms requires organizations to demonstrate their eligibility for the policy.
Lloyd’s of London, the insurance market, announced in August that it is clarifying its Insurance group cyber insurance policy coverage encourages management agents to identify and apply due diligence specific complexities surrounding state-sponsored cyber attacks.
According to a recent report, between now and the end of 2023, The number of organisations (not just public sector agencies) excluded from the cyber insurance market for some reason looks set to double.
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