Finance industry revealed as second least cyber-secure in the UK … – IFA Magazine

Finance industry revealed as second least cyber-secure in the UK … – IFA Magazine

by Brandon Russell | Jan 21, 2023
And, with photo-sharing apps such as BeReal and Snapchat on the rise, the potential for severe data breaches when these apps are used at work is creating panic across many UK industries.
Interested in identifying the sectors most at risk, the experts at Scams.info used data from the 2022 Cyber Security Breaches Survey to identify the UK industries with the most cybersecurity breaches.
Key findings:
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The UK industry with the most cybersecurity breaches in 2022
According to Scams.infothe information and communication (IT) industry is the least cyber-secure in the UK, with 320,060 data breaches in the past year. Equating to 66.17 average breaches per employee, IT employees are over 3 times as likely to suffer a cyber security breach than those in the finance and insurance industry (18.45 average breaches). This adds up to IT employees potentially suffering cyber breaches at least once per week each, on average.
With 305,785 data breaches, almost double that of the retail sector (183,500 breaches), the finance and insurance industry had the second most security breaches in the UK in 2022. Equating to 18.45 average annual breaches per employee, finance and insurance employees could be at risk of suffering a cyber attack 1.5 times per month on average.
Food and hospitality industry is the most cyber-secure
Scams.info also found that the food and hospitality industry is the most cyber-secure of all sectors observed, with only 5,176 data breaches in the past year, equating to a miniscule 0.04 breaches per employee. This is a 314,884 drop in data breaches when compared to the IT sector, and 498 fewer annual breaches than the administration and real estate sector in eleventh place.
Web development and cyber security expert Ledi Sallilari from the SEO consulting firm Reboot offered the following tips on the best ways businesses and employees can protect themselves from data breaches at work:
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